{"id":39636,"date":"2023-10-17T09:21:09","date_gmt":"2023-10-17T09:21:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/10\/17\/ftse-100-gains-as-wage-growth-eases\/"},"modified":"2023-10-17T09:21:09","modified_gmt":"2023-10-17T09:21:09","slug":"ftse-100-gains-as-wage-growth-eases","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/10\/17\/ftse-100-gains-as-wage-growth-eases\/","title":{"rendered":"FTSE 100 Gains As Wage Growth Eases"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks eked out modest gains on Tuesday and the pound retreated after official data showed the U.K. average earnings growth slowed in three months to August.<\/p>\n<p>Average earnings excluding bonuses grew 7.8 percent in three months to August &#8211; coming in line with expectations but slower than the 7.9 percent increase seen in three months to July.<\/p>\n<p>Nonetheless, this was one of the highest annual growth rates since comparable records began in 2001.<\/p>\n<p>Separate data from the statistical office showed that the number of job vacancies declined by 43,000 to 988,000 in July to September. <\/p>\n<p>The benchmark FTSE 100 was up 33 points, or 0.4 percent, at 7,663 after gaining 0.4 percent on Monday.<\/p>\n<p>Frasers Group shares were little changed. The sports and leisure apparel retailer has agreed to acquire SportScheck, a sports retailer in Germany from Signa Retail Department Store Holding GmbH. The financial details of the transaction are not known.<\/p>\n<p>Rolls-Royce Holdings rallied 2.3 percent after the engineering company said it would cut up to 2,500 jobs in a bid to streamline group. <\/p>\n<p>Housebuilders declined, with Bellway falling 1.3 percent after forecasting an over 31 percent slump in annual home-building in the 2024 fiscal year.<\/p>\n<p>Peers Barratt Developments and Taylor Wimpey were seeing marginal gains. <\/p>\n<\/p>\n<\/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 Gains As Wage Growth Eases<\/a><br \/>\n<br \/>2023-10-17 09:21:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks eked out modest gains on Tuesday and the pound retreated after official data showed the U.K. average earnings growth slowed in three months to August. Average earnings excluding&#8230;<\/p>\n","protected":false},"author":2,"featured_media":39637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-39636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39636","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=39636"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/39637"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=39636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=39636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=39636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}