The UK stock market experienced a slight decline as the FTSE 100 Index dropped by 0.02%. Notable decreases included Vodafone, Burberry, and Standard Chartered PLC, while Severn Trent PLC and InterContinental Hotels Group PLC saw increases.
The U.K. stock market experienced a slight decline on Thursday, as the FTSE 100 Index dropped by 0.02% to reach 7,513.72.
Vodafone Group PLC, a wireless telecommunications services company, witnessed the largest decrease among the FTSE 100 constituents, with its shares falling by 3.31%. Similarly, International Consolidated Airlines Group S.A., a passenger airlines firm, and Burberry Group PLC, a company specialized in luxury goods, both experienced declines of 2.35% and 2.18%, respectively.
Joining the list of top five largest decreases were Standard Chartered PLC, a major international banks company, and Rentokil Initial PLC, a diversified business services firm, with their stocks declining by 2.02% and 1.66%, respectively.
Severn Trent PLC, a prominent company, saw the largest increase among FTSE 100 constituents, as its shares rose by 2.45% on Thursday. Additionally, InterContinental Hotels Group PLC, a hotels firm, and Pershing Square Holdings Ltd., a closed-end funds company, witnessed gains of 2.33% and 2.02%, respectively.
Rounding out the list of top five largest increases were Barratt Developments PLC, a residential building construction company, and Taylor Wimpey PLC, a residential building construction firm, with their stocks rallying by 1.92% and 1.82%, respectively.
The pound showed a slight increase of 0.16% against the dollar, reaching $1.2579. However, it experienced a decrease of 0.13% against the euro, reaching €1.1653.
In the commodity market, Brent crude fell by 0.1% to $74.22. On the other hand, the yield on the 10-year gilt witnessed an increase of 2.730 basis points, reaching 3.972%.
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