FTSE treads water but outperforms European rivals

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The index never moved far from its starting point during the day.

Throughout the day, London’s largest index never strayed more than around 41 points from its start. When it closed it had gained 0.03 points, a rise of 0% that left it at 7,417.76.

“After the big gains of last week, European markets have spent the day taking a bit of a pause for reflection, with the FTSE 100 edging higher, while the FTSE 250, Dax and Cac 40 have all struggled,” Michael Hewson, chief market analyst at CMC Markets, said. A supply chain scandal at Boohoo three years ago caused the company to overhaul its ethical practices

In other news, Prudential’s shares also barely registered its rise in sales during the third quarter.

 

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