UK'S FTSE 100 SLIPS AFTER DOUR EARNINGS
NEWS Desk Global
Britain's FTSE 100 was dragged down by a flurry of downbeat earnings on Thursday though the export-heavy index regained some ground after the Bank of England (BoE) raised interest rates by a quarter percentage point as largely expected. The blue-chip FTSE 100 (.FTSE) lost 0.4%, after falling as much as 1.6% before the BoE's rate decision. The BoE raised its key interest rate to a 15-year peak of 5.25%, offering some respite to market participants who had been concerned about a larger rate hike.
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