British stocks ambled lower on Thursday after signs emerged the Federal Reserve isn’t rushing to cut interest rates, as a German trip by U.K. Prime Minister Boris Johnson did little to suggest the country would exit the European Union with a mutual agreement.
The U.K. FTSE 100
fell 0.5% to 7166.96, in the first opportunity for traders to react to the Fed minutes from Wednesday, which suggested the central bank will be cautious in reducing rates.
After travelling to Berlin for a dinner with German chancellor Angela Merkel, Johnson was due to travel to France to meet French President Emmanuel Macron, who on Wednesday said the U.K. would be to blame if it left the EU without a deal. German Chancellor Angela Merkel gave Johnson 30 days to come up with an alternative to the so-called backstop for Northern Ireland.
was little changed at 1.0949 euros.
, a health services provider in the United Arab Emirates, jumped 23% after Reuters reported that two bidders are competing to buy a 40% stake. The company also said it’s seeking approval for a $200 million share buyback and reported an 18% rise in first-half profit.
rallied nearly 5% as the oil producer said it will sell its stake in a Mexican project and reported record output in the first half of the year. The company is looking to expand its production in the Catcher Area of the North Sea.