FTSE 100 Slips On Fiscal Policy Concerns

RTTNews | 840 days ago
FTSE 100 Slips On Fiscal Policy Concerns

(RTTNews) - U.K. stocks fell sharply on Thursday as the positive impact on bond markets from the Bank of England's intervention began to fade.

The British pound resumed its slide, snapping a two-day gain, as prime minister Liz Truss doubled down on her tax cutting and borrowing plans.

The benchmark FTSE 100 was down 84 points, or 1.2 percent, at 6,920 after gaining 0.3 percent on Wednesday.

Next Plc plunged 8.4 percent as the clothes retailer issued its second profit warning this year, citing tough trading in August and cost-of-living pressures. Avon Protection, a maker of protection and defense products, jumped nearly 7 percent.

The company has received its first $42.1 million delivery order from the U.S. Army under the Next Generation Integrated Head Protection System or NG IHPS helmet contract.

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Quaker Oats Recalls Pearl Milling Original Pancake & Waffle Mix

Quaker Oats Recalls Pearl Milling Original Pancake & Waffle Mix

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RTTNews | 6h 14min ago
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RTTNews | 6h 23min ago
Yen Rises Against Majors

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RTTNews | 6h 29min ago
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RTTNews | 6h 53min ago
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RTTNews | 8h 12min ago
Asian Markets A Sea Of Green

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RTTNews | 9h 18min ago
Australian Market Trims Early Strong Gains In Mid-market

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RTTNews | 9h 58min ago