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London Markets: FTSE edges lower, but ends near 14-week high as oil’s drop offsets Shire stock rally

U.K. stocks booked a tiny loss Tuesday, as oil-and-gas shares fell along with oil futures ahead of a closely watched decision on a resumption of Iranian sanctions by the U.S. However, the day’s loss was limited by optimism over a $62 billion takeover offer for Shire.

How markets performed

The FTSE 100 index UKX, -0.02% ended down 1.39 point at 7,565.75, a decline of less than 0.1%, after rising as much as 0.4% during the session. The oil-and-gas sector lost the most while health care and industrials led gainers. The London benchmark on Friday jumped 0.9% and logged its highest close since Jan.

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