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U.K. stocks extend negative streak for second day

U.K. stocks fell Wednesday, as the FTSE 100 Index
UKX,
-0.08%

closed at 7,593.00.

Of the FTSE 100 constituents, air freight company Royal Mail PLC
RMG,
-5.17%

saw the largest decrease Wednesday, as shares shed 5.17%

Shares of investment advisors firms Schroders PLC
SDR,
-3.23%

abrdn PLC
ABDN,
-2.48%

dropped 3.23% and 2.48%, respectively.

Rentokil Initial PLC
RTO,
-2.17%
,
a diversified business services company, and chemicals company Croda International PLC
CRDA,
-2.07%

rounded out the top five largest decreases as their stocks fell 2.17% and 2.07%, respectively.

Melrose Industries PLC
MRO,
+10.98%
,
a building materials/products company, saw the largest increase of the FTSE 100 constituents, as shares surged 10.98% on Wednesday.

Shares of software firm Aveva Group PLC
AVV,
+10.67%

and closed-end funds company Scottish Mortgage Investment Trust PLC
SMT,
+5.05%

increased 10.67% and 5.05%, respectively.

Ocado Group PLC
OCDO,
+3.45%
,
a food retail company, and clothing retail company JD Sports Fashion PLC
JD,
+3.21%

rounded out the top five largest increases as their stocks climbed 3.45% and 3.21%, respectively.

The pound was down 0.25% against dollar
GBPUSD,
-0.37%

at $1.2558 and 0.56% against the euro
UK:GBPEUR
at €1.1695.

Brent crude
US:BRN00
increased 2.0% to $122.93, and the yield on the 10-year gilt
TMBMKGB-10Y,
2.251%

fell 1.620 basis points to 2.252%.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.


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