FTSE 100 Slips On Rate Hike Concerns
(RTTNews) - U.K. stocks edged lower on Thursday as markets price in more aggressive steps by the Bank of England to tame record inflation.
The benchmark FTSE 100 slipped 10 points, or 0.1 percent, to 7,505 after closing 0.3 percent lower on Wednesday.
Rank Group shares fell 2.3 percent. The gambling company warned of difficult times after reporting a turnaround to profit for the fiscal 2022.
Marshalls lost 2.8 percent. The specialist landscape products group reported that its first-half profit before tax declined to 23.9 million pounds from last year's 38.9 million pounds.
Miner Anglo American declined 2.6 percent on going ex-dividend.
Made.com plunged 10 percent. The struggling online furniture retailer confirmed that it is considering a potential equity capital raise.
Japan Producer Price Data Due On Friday
U.S. Dollar Advances Amid Oil-Linked Inflation Concerns, PPI Data Release
TSX Drops To 5-week Low, Set To End Weak For 6th Straight Day
Swiss Market Ends On Weak Note After Choppy Ride
Oil Surge, ECB Rate Hike Weigh On European Market Sentiment
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
ECB Raises Deposit Rate To 2.50% Amid Inflation Fears
