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Dec 8 (Reuters) – Britain’s FTSE 100 was dragged down by consumer staples shares on Thursday after British American Tobacco warned of rising costs, while investors worried about the outlook for the economy.
The blue-chip FTSE 100 (.FTSE) was down 0.2%, while the FTSE 250 was up 0.1% by 08:14 GMT.
British American Tobacco ( BATS.L ) fell 1.9% after the cigarette maker said it expected fiscal costs to rise. The FTSE 350 Food, Beverage and Tobacco Index (.FTUB4510) fell 1%.
A survey by the Recruitment and Employment Confederation showed signs that labor demand and wage growth eased in November, ahead of the Bank of England’s rate hike decision next week.
DS Smith ( SMDS.L ) rose 2.1% after the cardboard maker said it expected annual performance to be ahead of its previous outlook on higher box prices and resilient demand from consumer goods companies.
Reporting by Johan M Cherian in Bengaluru; Edited by Soumyadev Chakraborty
Our Standards: The Thomson Reuters Trust Principles.
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