U.K. stocks fell Thursday, as the FTSE 100 Index finished down 0.76% at 7,502.03. Among FTSE 100 constituents, food retail company Tesco PLC saw the largest.
Britain's top supermarket chain on Friday said meteoric food-price inflation may be cooling, a welcome sign in a country with one of the fastest inflation.
John Allan, a prominent U.K. businessman, will depart the grocer in June. The executive has denied claims made in a news report that he inappropriately touched women.