RSS FTSE 100 Slips Into Red In Cautious Trade

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 RSS FTSE 100 Slips Into Red In Cautious Trade

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On Monday, U.K. stock markets experienced a slight decline, while the pound appreciated in anticipation of the upcoming flash PMI data release. The Bank of England is scheduled to convene on December 19, with market analysts broadly forecasting a hold on interest rates.

The FTSE 100 index, a key market benchmark, fell by 15 points or 0.2%, reaching 8,285, following a 0.1% decline observed at Friday's close.

Entain, the company that owns Ladbrokes, saw its shares drop by 5% due to the initiation of civil penalty proceedings by Australia’s anti-money laundering regulator. These proceedings are linked to alleged violations of Australia's anti-money laundering and counter-terrorism financing regulations.

Conversely, Ricardo, an advisory firm specializing in strategy, environmental, and engineering consultancy, experienced a gain of approximately 1%. This increase followed the announcement that its Australian division has entered into an agreement to acquire an 85% stake in E3 Advisory for about A$101.4 million, equivalent to 51.0 million pounds.

The material has been provided by InstaForex Company - www.instaforex.com
 
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