{"id":11108,"date":"2021-06-23T09:36:13","date_gmt":"2021-06-23T09:36:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/ftse-100-struggles-for-direction-2\/"},"modified":"2021-06-23T09:36:13","modified_gmt":"2021-06-23T09:36:13","slug":"ftse-100-struggles-for-direction-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/ftse-100-struggles-for-direction-2\/","title":{"rendered":"FTSE 100 Struggles For Direction"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks were little changed on Wednesday as worries about rising inflation offset data showing the U.K. private sector&#8217;s expansion continued in June.<\/p>\n<p>The U.K. private sector logged one of the fastest expansion on record in June as there were marked increases in output across the manufacturing and services sectors as the <span class=\"landLinks\">economy<\/span> continued to reopen, a closely watched survey showed.<\/p>\n<p>The flash composite output index dropped to 61.7 in June from 62.9 in May, data compiled by IHS Markit and the Chartered Institute of Procurement &amp; Supply revealed. <\/p>\n<p>The services Purchasing Managers&#8217; Index fell unexpectedly to 61.7 in June from 62.9 a month ago. <\/p>\n<p>The rate of input cost inflation accelerated for the fifth month running and was the joint-fastest on record. In turn, the rate of output price inflation hit a fresh record high for the second month running.<\/p>\n<p>The benchmark FTSE 100 was down 5 points at 7,084 in lackluster trade after rising 0.4 percent on Tuesday. <\/p>\n<p>Phoenix Group Holdings shares declined 2.7 percent. Swiss Re announced that it has sold 66.2 million shares or 6.6 percent stake in the long-term savings and retirement giant for 437 million pounds through an accelerated book building process.<\/p>\n<p>Paper manufacturer Mondi dropped half a percent after saying it approved a \u20ac125 million capital investment project at its semi-chemical fluting mill in Kuopio, Finland.<\/p>\n<p>Housebuilder Persimmon lost about 1 percent. The company has agreed a number of voluntary informal undertakings relating to its historic sale of leasehold houses with the U.K. competition watchdog.<\/p>\n<p>Property developer and house builder Berkeley Group Holdings fell 1.3 percent as it posted nearly 3 percent growth in its pre-tax profit for the full year, reflecting sale of new homes in London and the South East. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Struggles For Direction<\/a><br \/>\n<br \/>2021-06-23 09:36:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were little changed on Wednesday as worries about rising inflation offset data showing the U.K. private sector&#8217;s expansion continued in June. The U.K. private sector logged one of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-11108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=11108"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11109"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}