FTSE 100 Extends Losses On Fed Worries
(RTTNews) - U.K.'s stocks edged lower on Wednesday on the back of hawkish comments from Federal Reserve Chair Jerome Powell and a much lower profit reported by insurance giant Admiral.
The benchmark FTSE 100 slipped 0.3 percent to 7,895 after closing 0.1 percent lower on Tuesday.
Admiral Group shares fell nearly 5 percent. The financial services provider proposed a lower dividend for the year after reporting a sharp fall in profit.
Hill & Smith, a provider of infrastructure and safe transport solutions, declined 3.5 percent despite reporting a 62 percent increase in its fiscal 2022 profit before tax.
Similarly, financial services group Legal & General was down more than 2 percent despite reporting strong growth in profit in 2022.
Restaurant Group plunged 8 percent after widening its FY22 loss.
Sensex, Nifty Seen Flat To Lower At Open
Thai Stock Market May Snap Losing Streak On Tuesday
Japanese Market Slightly Higher
Indonesia Stock Market To Remain Rangebound On Tuesday
Mild Upside Seen For Hong Kong Stock Market
Australian Market Notably Lower
China Stock Market May Spin Its Wheels On Tuesday
