{"id":53945,"date":"2024-12-13T09:24:51","date_gmt":"2024-12-13T09:24:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/13\/ftse-100-marginally-higher-after-disappointing-gdp-data\/"},"modified":"2024-12-13T09:24:51","modified_gmt":"2024-12-13T09:24:51","slug":"ftse-100-marginally-higher-after-disappointing-gdp-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/13\/ftse-100-marginally-higher-after-disappointing-gdp-data\/","title":{"rendered":"FTSE 100 Marginally Higher After Disappointing GDP Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks traded higher on Friday as data showed Britain&#8217;s <span class=\"landLinks\">economy<\/span> shrank for a second month in October, in a blow to the Labour government&#8217;s economic agenda.<\/p>\n<p>GDP declined by 0.1 percent month-on-month, below expectations of 0.1 percent growth. <br \/>The weaker-than-expected growth data sent the pound tumbling and spurred bets of speedier rate cuts by the Bank of England next year.<\/p>\n<p>The benchmark FTSE 100 was up 12 points, or 0.1 percent, at 8,323 after rising 0.1 percent the previous day. <\/p>\n<p>Portmeirion Group shares plummeted 15 percent. The retailer of homeware and fragrance products has issued a profit warning, citing challenging and unpredictable market conditions. <\/p>\n<p>Tullow Oil tumbled 5 percent after U.S. oil company Kosmos Energy confirmed that it is in &#8220;very preliminary discussions&#8221; regarding a possible all-share offer for the London-listed explorer and production company. <\/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 Marginally Higher After Disappointing GDP Data<\/a><br \/>\n<br \/>2024-12-13 09:24:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks traded higher on Friday as data showed Britain&#8217;s economy shrank for a second month in October, in a blow to the Labour government&#8217;s economic agenda. GDP declined by&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-53945","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\/53945","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=53945"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53946"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}