Finance

FTSE 100 falls on supply chain, inflation worries; Playtech soars



© Reuters. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall/File Photo

(Reuters) – London’s FTSE 100 fell on Monday as supply chain and inflation worries stoked rate-hike bets, while Playtech soared over a 2.1 billion pound takeover offer by Australia’s Aristocrat Leisure.

The blue-chip declined 0.1% by 0710 GMT, with HSBC Holdings (LON:) plc, AstraZeneca (NASDAQ:) and Diageo (LON:) PLC among the top losers.

Softbank-backed online retailer and tech group, The Hut Group, rose 8.4% after it said it would remove its founder’s “golden share” and seek a place on the premium segment of the main stock market.

A survey of chief financial officers at top British companies published on Monday found that they expect supply chain problems in the UK to persist for at least another year and consumer price inflation to still be above 2.5% in two years’ time.

The domestically focussed mid-cap index was flat.

Gaming software supplier Playtech Plc (LON:) soared 56.8% after Australia’s Aristocrat Leisure Ltd said it will buy the company for 2.1 billion pounds ($2.89 billion).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.