HSBC, Allied Irish Lead Retreat in U.K., Irish Stocks; Shell, BP Decline

(Bloomberg) -- U.K. stocks fell for a second day, led
by HSBC Holdings Plc and HBOS Plc on concern losses in subprime
mortgages in the U.S. will erode economic and earnings growth.

Royal Dutch Shell Plc and BP Plc dropped after Goldman,
Sachs & Co. downgraded the shares and crude oil retreated.


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