By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks fell Monday, with shares of
Carnival PLC among decliners as the benchmark FTSE 100 shied away
from a milestone.
The FTSE 100 was down 0.2% to 7,010.19, with energy and basic
material shares hit the hardest as prices for oil and metals were
under pressure. Shares of miner Anglo American PLC fell 1.3%, as
did oil major BP PLC .
The moves helped pull the blue-chip benchmark back from Friday's
record-high close of 7,022.51
(http://www.marketwatch.com/story/ftse-100-edges-up-but-on-track-for-best-week-in-two-months-2015-03-20),
which marked the first session it rose above 7,000.
Shares of Carnival PLC fell 2.2% on Monday after Deutsche Bank
cut its rating on the cruise operator to hold from buy. Carnival's
first-quarter update is likely to show further bookings and pricing
recovery, among other improvements, but significant moves in the
euro and the pound could lead to fiscal year 2015 per-share
earnings guidance being reduced by about 8%, the bank's analysts
said.
Hikma Pharmaceuticals PLC shares fell 1.6% in their first day
trading as part of the FTSE 100.
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