Compass Group slides on 39;conservative39; FY outlook
MusicMagpie soars on potential buy offer
UK39;s budget update on watch
FTSE 100 slips 0.1, FTSE 250 up 0.3

Nov 20 Reuters UK39;s FTSE 100 opened the week39;s account on a negative footing as shares of equipment rental firm Ashtead Group plunged on downbeat annual profit outlook, while investors awaited updates on the government39;s fiscal policy later this week.

The multinationalheavy FTSE 100 slipped 0.1 by 0953 GMT on Monday, while the sterling strengthened 0.2 against the dollar.

Shares of Ashtead Group dived 9.5 after the company said its annual profit would come in below market expectations citing lower emergency response activity in its U.S. business, and a likely more than 2 billion depreciation charge for the year.

Both the FTSE indexes had posted steep gains last week on bets that interest rates have peaked.

While a 39;wait and see mood39; has descended, confidence is still quietly bubbling that interest rate cuts could be on the horizon, Susannah Streeter, head of money and markets at Hargreaves Lansdown said in a note.

Investor attention turns towards Britain39;s budget deficit readings for October on Tuesday, followed by the UK39;s Autumn Statement on Wednesday that would provide insights on the government39;s budget plans.

The domesticallyfocussed FTSE 250 index rose 0.3.

Focus for domestically orientated stocks is being trained on the UK Chancellor39;s Autumn Statement this week, with…