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London Markets: FTSE 100 weighed down by housing shares, Royal Mail

Stocks in the U.K. traded lower Thursday as home-builder shares fell after a lackluster update on house prices, while Royal Mail PLC shares struggled following a trading update.

The FTSE 100 UKX, -0.51% lost 0.5% to 7,210.411, with only the consumer goods sector showing a modest gain. On Wednesday, the benchmark rose 0.4%.

A 5.4% drop dragged Royal Mail RMG, -5.41% shares to the bottom of the London benchmark. The delivery company reported U.K. sales declined 2% in the nine months to Dec. 25. But trading was in line with expectations, it said, as strong performance over the Christmas period helped counter those poor figures.

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