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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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UK stocks decline amid BoE rate hike concerns; Cineworld climbs.

The London Stock Exchange Group offices in the City of London,
The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/T... The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
The London Stock Exchange Group offices in the City of London,
The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/T... The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

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On Thursday, the U.K.’s FTSE 100 fell as investors worried about the Bank of England’s monetary tightening, while Cineworld surged as the theater operator announced it hopes to exit bankruptcy soon.

After lenders approved its restructuring plan, Cineworld Group Plc (CINE.L) rose 1.0%.

After hotter-than-expected inflation figures on Wednesday raised concerns of a hawkish BoE, the blue-chip FTSE 100 (.FTSE) fell 0.4%.

As the U.S. debt default date approached without an agreement, markets were downbeat.

Due to increased prices, United Utilities Group Plc (UU.L) fell 0.4%.

Tate & Lyle Plc (TATE.L) rose 2.5% after reporting a rise in yearly profits due to increased prices, while the FTSE 250 (.FTMC) lost 0.1%.

Qinetiq Group Plc (QQ.L) rose 0.5% amid good annual results and a dividend increase.


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