Barratt falls after missing home completion target
Playtech tumbles after TTB Partners drops bidding plans
FTSE 100 down 0.8, FTSE 250 off 0.1
July 14 Reuters UK39;s FTSE 100 fell on Thursday as investors worried about the prospect of a more aggressive stance by major central banks to curb inflation, with a slew of worrying forecasts from companies also hurting sentiment.
The bluechip FTSE 100 slid 0.8, while the domestically oriented FTSE 120 index declined 0.1.
Wall Street ended lower on Wednesday after hotterthanexpected U.S. inflation data fuelled fears that the Federal Reserve could raise key interest rates by as much as 100 basis points later this month.
There is a possibility that it could cause the Bank of England to speed up, said Dan BoardmanWeston, chief investment officer at BRI Wealth Management.
Clearly inflation is historic but commodity prices have fallen a long way in the recent weeks, and that should start having a downward pressure on certain parts of the inflation basket.
The BoE is still going to be relatively hawkish but they will be thinking very carefully about how quickly they will raise rates.
A surprise expansion in UK39;s economy failed to ease concerns about the weakening economic outlook amid rising inflation driven by soaring energy prices.
Britain39;s largest homebuilder Barratt Developments Plc fell 1.4 after it reported fewer home completions than expected for fiscal 2022.
Among small caps, motor insurer Sabre dived 36.2…