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FTSE 100 down 0.4%, FTSE 250 off 0.4%
Feb 10 (Reuters) - UK's FTSE 100 slipped on Friday, as
worries over higher interest rates dented sentiment globally,
although data showed that the British economy narrowly avoided
entering a recession in the fourth quarter of 2022.
The blue-chip FTSE 100 fell 0.4% by 0813 GMT after
hitting a record high in the previous session. The domestically
exposed FTSE 250 also dipped 0.4%.
Standard Chartered tumbled 5.8% after First Abu
Dhabi Bank (FAB) said it was not currently evaluating
an offer for the British bank. Its shares surged over 11% in the
previous session after a report said FAB was considering
reviving the bid.
British sports and fashion retailer JD Sports fell
1.5% after Germany's Adidas flagged that it expects a
high single-digit decline in sales this year.
Britain's economy showed zero growth in the final three
months of 2022, figures from the Office for National Statistics
showed, meaning it narrowly avoided entering recession, in-line
with what most economists were anticipating.
(Reporting by Sruthi Shankar in Bengaluru; editing by
Uttaresh.V)
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