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June 26, 2012, 12:41 p.m. EDT

U.K. stocks drop for fourth day, banks off

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By Sara Sjolin, MarketWatch

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EUrope in CRisis | Topics: Europe
Reuters
Protesters raise their arms during a demonstration against government austerity measures inl Valencia

Euro zone approves Spain's bank bailout
The country's government will borrow as much as 100 billion euros ($123 billion) from the euro zone's various rescue funds.
Spain's Valencia seeks bailout
ECB: Greek-backed bonds ineligible as collateral
/conga/story/2012/06/euro_zone_crisis.html 217336

Outside the main index in London, Ocado Group PLC /zigman2/quotes/207225647/delayed UK:OCDO +1.17%  tumbled 20.4% after the online retailer reported a rise in first-half profit but said its outlook remained subdued because of a generally challenging economic environment.

For the third quarter, the company mentioned uncertainty as to the effect of the Olympic Games in London.

Stagecoach Group PLC /zigman2/quotes/206082799/delayed UK:SGC -1.98%  jumped 5.5% as it unveiled a nearly 10% boost of its full-year dividend in its preliminary results for the year ended April 30.

/zigman2/quotes/207225647/delayed
UK : U.K.: London
2,083.00 p
+24.00 +1.17%
Volume: 1.53M
May 22, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£14.64 billion
Rev. per Employee
£112,886
loading...
/zigman2/quotes/206082799/delayed
UK : U.K.: London
59.35 p
-1.20 -1.98%
Volume: 1.51M
May 22, 2020 4:35p
P/E Ratio
2.55
Dividend Yield
6.40%
Market Cap
£326.54 million
Rev. per Employee
N/A
loading...

Sara Sjolin is a MarketWatch reporter, based in London.

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