FTSE 100 falls into concern about rate hikes

UK stocks fell on Monday after Bank of England governor Andrew sent a new signal that the central bank was preparing to raise interest rates for the first time since its inception. coronavirus crisis.

The benchmark FTSE 100 rose 0.4% on Friday and then fell 16 points (0.2%) to 7,218.

As metal prices rose, Antofagasta rose about 0.5% and Glencore rose 1.5%.

BPPlc and Royal Dutch Shell were down despite oil futures rising above $ 85 a barrel.

Gaming company Playtech soared 55% after agreeing to a £ 2.1 billion takeover offer by Australia’s Aristocrat Leisure.

AstraZeneca fell 0.5%. Pharmaceutical companies recommend that shareholders refuse a mini-tender offer from TRC Capital Investment Corporation for up to 2 million American Depositary Receipts.

The National Grid has risen about 1%. Before the first half results were announced on November 18, the utility business continued to perform as expected.

Retailer Tesco has risen 0.6% after announcing that it has launched a program to buy back up to £ 500m worth of shares.

The Hut Group, an online retailer, surged 11% after confirming its corporate governance review plan.

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FTSE 100 falls into concern about rate hikes

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