London close: Stocks falter after BoE's 50 basis point hike
London stocks closed significantly lower on Thursday following the Bank of England's decision to hike interest rates by 50 basis points.
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London stocks closed significantly lower on Thursday following the Bank of England's decision to hike interest rates by 50 basis points.
London stocks were still in the black by midday on Friday, having taken their cue from a solid session on Wall Street.
London stocks ended a little higher on Friday, as investors continued to digest this week’s policy announcements from the US Federal Reserve and the European Central Bank.
Travis Perkins warned on profits on Friday, after higher interest rates and weaker consumer confidence weighed heavily on house building.
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