Weak global mood hits UK shares, Cineworld marks box office recovery

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Reuters UK

By Sruthi Shankar (Reuters) – UK shares slid on Friday, reflecting the weaker mood in global markets over fears about faster U.S. rate hikes, although data pointing to a much stronger-than-expected economic recovery in November helped limit losses. The blue-chip FTSE 100 slipped 0.1%, 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, with banks outpacing other sectors so far this year…

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