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UK FTSE 100 falls on weakness in banking and mining stocks

Reuters ·

BCS Barclays plc ADR
$22.01 -2.61%
View chart & analysis →
  1. 1The UK FTSE 100 fell 0.5% due to declines in banking and mining stocks.
  2. 2Barclays shares fell 2.3% after third-quarter profits missed expectations and a plan to cut approximately 5,000 jobs was announced.
  3. 3Investors are reviewing corporate earnings amid high oil prices and ongoing inflation concerns.

So what's the key point?

The UK stock market declined as share prices for banking and mining companies fell. Barclays shares went down 2.3% because profits were lower than experts expected.

Source Reuters · View original ↗

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