FTSE 100 falls as retail sales in the UK grow less than expected

From Nasdaq: 2024-12-20 04:21:01

U.K. stocks fell as British retail sales grew by only 0.2% in November, below the expected 0.5% rise. Yearly growth weakened to 0.5% from 2.0% in October. The budget deficit narrowed in November to GBP 11.2 billion, the lowest since 2021, due to lower interest payments and higher tax receipts. The FTSE 100 dropped 0.8%, led by miners like Anglo American and Glencore. GSK reported positive results from a trial on Zejula and Jemperli for ovarian cancer. ITM Power rose 4.1% after securing a green hydrogen project contract, while Synairgen shares plummeted 37% due to plans to raise funds for antiviral treatment trials.



Read more at Nasdaq: FTSE 100 Edges Lower As Retail Sales Rise Less Than Expected