FTSE 100 down 0.6, FTSE 250 down 0.5
UK pay growth speeds up, adding to worries for BoE
Bowl Group drops on lower FY profit
Goodwin soars on H1 profit surge
Dec 17 Reuters UK39;s FTSE 100 dropped to a near onemonth low on Tuesday in the aftermath of strong wage data, while investors braced for clues on the Bank of England39;s BoE future interestrate trajectory later this week.
The main FTSE 100 was down 0.6 as of 0950 GMT.
Supplies distributor Bunzl was the worsthit on the FTSE 100, down 4.4, after projecting a slight impact on its annual profit, driven by stickierthananticipated deflation, especially in its Continental Europe division. The losses weighed on the overall general industrial subindex, which was down 2.
Precious metals, energy and beverages were the other top sectoral losers, while personal goods was the top performer.
The domesticallyfocussed FTSE midcap 250 shed 0.5, hitting a near threeweek low, pulled down by a 7 decline in Hollywood Bowl Group after the UK39;s largest tenpin bowling operator posted lower annual adjusted pretax profit.
On the other hand, Goodwin jumped 11 after the mechanical engineering firm posted a strong firsthalf pretax profit.
Ahead of Thursday39;s BoE policy decision, data showed British pay rose more than expected in the three months to October, prompting investors to rein in rate cut bets for next year, boosting domestic government bond yields.
The central bank is widely expected to hold rates steady this week, a day…