UK stocks : FTSE 100 sheds 0.6 pct
Agencies: London, Nov 27 2012, 02:44 IST
of derivatives at Interactive Investor, said.
U.S. blue chips were down 0.8 percent by London's close, as investors awaited the news on Greece and as negotiations continued in Washington on a deal to avoid the U.S. fiscal cliff of automatic tax increases and government spending cuts, scheduled to come into force on Jan. 1.
Among the minority of blue chip gainers, stocks perceived as more defensive found support, led by the tobacco, utilities and household products sectors, as risk appetite faded.
Real estate firm British Land was also in demand, adding 0.4 percent as UBS upgraded it to buy from neutral.
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