Growth worries, Brexit woes hit FTSE 100; gambling stocks rally on M&A news

UK shares fell on Wednesday as investors were sceptical of Prime Minister Boris Johnson's Brexit plans, with more w
02 Oct, 2019
  • UK shares fell on Wednesday as investors were sceptical of Prime Minister Boris Johnson's Brexit plans, with more worries over global economic growth suppressing sentiment after dismal U.S. economic data.
  • The blue-chip index, which has greater exposure to international markets, was down 0.7% - its biggest one-day drop in six weeks, with all except three of its 100 components in negative territory by 0705 GMT.

The blue-chip index, which has greater exposure to international markets, was down 0.7% - its biggest one-day drop in six weeks, with all except three of its 100 components in negative territory by 0705 GMT.

However, the index was supported by Flutter Entertainment , formerly known as Paddy Power, which jumped 13% to top of the FTSE 100 after agreeing to an all-share deal with Poker Stars to create one of the world's biggest online betting and gambling companies.

The more-domestically focussed FTSE 250 fell 0.4%, but gambling firms William Hill and GVC rose 3% and 5%, respectively, limiting overall losses.

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