UK Stocks Decline Led by Healthcare and Real Estate Despite Trade Talk Progress
Britain's main indexes fell on Wednesday, with healthcare and real estate stocks leading the decline despite positive developments in trade talks, as investor focus shifted to the upcoming U.S. Federal Reserve interest rate decision. By 1008 GMT, the FTSE 100 was down 0.3%. The domestically focused midcap index slipped 0.2%, poised to end its nine-session upward streak. An index of the UK's healthcare companies dropped 2% after the U.S. Food and Drug Administration appointed Vinay Prasad, an oncologist previously criticized for FDA leadership and COVID-19 mandates, as the director of its Center for Biologics Evaluation and Research. Shares of GSK and AstraZeneca fell between 4.4% and 2%, with GSK heading toward its largest daily decline in a month. The real estate index shed 1.3% following an industry survey that showed Britain's construction sector contracted for a fourth consecutive month in […]