UK shares slip, Cineworld up on December box office recovery

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Reuters UK

(Reuters) – UK shares slid on Friday, reflecting weak investor sentiment in global markets on fears about faster U.S. interest rate hikes, although data pointing to a much stronger-than-expected economic recovery in November helped limit losses. The blue-chip FTSE 100 slipped 0.2% by 0817 GMT, tracking Asian and European peers lower after multiple Federal Reserve officials were out talking about inflation and interest rate hikes, driving Wall Street indexes lower on Thursday. [.N] Still, the FTSE 100 was on course for a fourth consecutive weekly gain. Data showed Britain’s economy grew by a mu…

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