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Weak figures push FTSE100 into red

Fri: Weaker than forecast growth in the Eurozone, hawkish comments from the US Federal Reserve and lingering worries about China saw investors flee the market.

Economic growth in the single currency bloc slowed to 0.3% quarter-on-quarter for the three months to September, with spending by households propping up activity as exports slowed and investment in Germany fell.

The FTSE 100 closed near the day’s lows, down 0.98% or 60.40 points at 6,118.28. It was the third successive week in the red for the index which has lost 235.55 points since Monday.

Luxury shoe-maker Jimmy Choo announced the appointment of Elisabeth Murdoch – daughter of media mogul Rupert Murdoch – as an independent non-executive director. Murdoch is an executive and entrepreneur in the media and technology sectors.

 

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