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Economy53 minutes ago (Jan 14, 2022 08:43)
(Reuters) – UK shares slid on Friday, reflecting weak investor sentiment in global markets on fears about faster U.S. interest rate hikes, although data pointing to a much stronger-than-expected economic recovery in November helped limit losses.
The blue-chip FTSE 100 slipped 0.2% by 0817 GMT, tracking Asian and European peers lower after multiple Federal Reserve officials were out talking about inflation and interest rate hikes, driving Wall Street indexes lower on Thursday. [.N]
Still, the FTSE 100 was on course for a fourth consecutive weekly gain.
Data showed Britain’s economy grew by a much stronger-than-expected 0.9% in November, finally taking it above its size just before the country went into its first COVID-19 lockdown.
Cineworld shares rose 2.7% as its box office sales recovered in December due to the success of Marvel superhero film “Spider-Man: No Way Home”.
Discount retailer B&M European Value Retail fell 4.1% after its share sale announcement.
UK shares slip, Cineworld up on December box office recovery
STOCKHOLM (Reuters) – Swedish Social Democratic Prime Minister Magdalena Andersson has tested positive for COVID-19, her spokesperson said on Friday, as a growing wave of…
(Reuters) – Experian, the world’s largest credit data firm, reported on Friday a 14% jump in its third-quarter revenue, fuelled by robust demand for its services to consumers and…
LONDON (Reuters) – British electricals retailer Currys on Friday edged down its full-year profit guidance after what it called a “challenging” technology market at Christmas with…
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