FTSE 100 down 0.1, FTSE 250 off 0.05
Wage growth rises unexpectedly
Revolution Bars Group slumps
FTSE 100 hovers over 412year high

Jan 17 Reuters UK39;s bluechip FTSE 100 edged lower on Tuesday, snapping a fourday winning streak, as Ocado sank on grim Christmas sales at its online supermarket venture, while data showing rising pay growth fuelled fears about the Bank of England BoE keeping monetary policy tight.

The bluechip FTSE 100 fell 0.1, while the domesticallyoriented FTSE 250 shed 0.05.

Shares of retailer Ocado Group tumbled 5.5 after its online supermarket joint venture with Marks Spencer, Ocado Retail, said customers purchased fewer items per order in the runup to Christmas.

This saw the personal care, drug and grocery index lose 0.9, making it the worst performing sector.

Meanwhile, data showed pay, including bonuses, saw its biggest increase since 2001 in the UK.

November39;s labour market data showed that conditions remained tight and wage growth stayed strong. This will add further weight to the case for the BoE to raise interest rates, said Ashley Webb, UK economist at Capital Economics.

The labour data raises anticipation for UK39;s consumer inflation due on Wednesday.

In 2022, UK39;s midcap index that better reflects the UK economy than its bluechip peer fell the most since the global financial crisis as the BoE raised interest rates to its highest since 2008 to tame inflation.

Consumers are continuing to look for credit on good terms to…