{"id":23510,"date":"2022-07-05T09:22:30","date_gmt":"2022-07-05T09:22:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/05\/ftse-100-declines-as-growth-worries-mount\/"},"modified":"2022-07-05T09:22:30","modified_gmt":"2022-07-05T09:22:30","slug":"ftse-100-declines-as-growth-worries-mount","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/05\/ftse-100-declines-as-growth-worries-mount\/","title":{"rendered":"FTSE 100 Declines As Growth Worries Mount"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell on Tuesday amid growth worries after a survey showed persistently high inflation has started to dent discretionary spending and negatively influence demand projections across the board.<\/p>\n<p>The composite S&amp;P Global\/CIPS Purchasing Managers Index &#8211; spanning services and manufacturing firms &#8211; edged up to 53.7 from a preliminary June reading of 53.1. <\/p>\n<p>At the same time, new order growth in the sector was the weakest since early 2021 when Britain was under a <span class=\"landLinks\">coronavirus<\/span> lockdown.<\/p>\n<p>Signs of a flare-up in COVID-19 cases in China also added to global growth worries. <br \/>The benchmark FTSE 100 fell 99 points, or 1.4 percent, to 7,134 after climbing 0.9 percent in the previous session.<\/p>\n<p>Drug maker AstraZeneca was moving lower after it announced an agreement to acquire oncology firm TeneoTwo in a deal worth up to $1.27 billion.<\/p>\n<p>Supermarket chain J Sainsbury rallied 1.2 percent after confirming its full-year outlook. <\/p>\n<p>B&amp;M European Value Retail S.A. declined 1.5 percent. The convenience retailer has appointed Mike Schmidt as its next chief financial officer. <\/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 Declines As Growth Worries Mount<\/a><br \/>\n<br \/>2022-07-05 09:22:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell on Tuesday amid growth worries after a survey showed persistently high inflation has started to dent discretionary spending and negatively influence demand projections across the board. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-23510","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23510","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=23510"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23511"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}