UPDATE 2-Weak global mood hits UK shares, Cineworld marks box office recovery

Reuters

Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.

 (For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
    * FTSE marks fourth consecutive weekly gain 
    * UK economy in good shape before Omicron hit 
    * B&M falls on share sale plan
    * FTSE 100 down 0.3%, FTSE 250 off 0.9%

 (Updates to close)
    By Sruthi Shankar
    Jan 14 (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  .FTSE  slipped 0.3%, tracking global
equities as investors considered imminent U.S. interest rate
hikes and the uncertainty of their impact on the economy.
    Still, the FTSE 100 recorded a fourth consecutive weekly
gain, with energy stocks outpacing other sectors as crude prices
were boosted by supply constraints and a weaker dollar.  O/R  
    Data showed Britain's economy grew by a much
stronger-than-expected 0.9% in November, finally taking it above
its size just before the country went into its first COVID-19
lockdown.   urn:newsml:reuters.com:*:nL8N2TU16Y
    "The figures show the economy was in good shape during
November though the surge of Omicron during December and January
is likely to put downward pressure on the figures over the next
couple of months," said Dan Boardman-Weston, chief investment
officer at BRI Wealth Management.
    "The Bank of England will continue to face pressure to raise
interest rates further if the economy continues to be so
strong." 
    The FTSE midcap index  .FTMC  slipped 0.9% and posted its
worst weekly decline since November, with homebuilders turning
into a weak spot in recent days following a slew of discounted
stock placements and weak trading updates.  urn:newsml:reuters.com:*:nL1N2TT1NJ
    Cineworld shares  CINE.L  rose 4.0% as the company's box
office sales recovered in December due to the success of Marvel
 DIS.N  superhero film "Spider-Man: No Way Home".  urn:newsml:reuters.com:*:nL4N2TU1Z3
    Discount retailer B&M European Value Retail  BMEB.L  fell
5.3% after its share sale announcement.  urn:newsml:reuters.com:*:nFWN2TT15D
    Electricals retailer Currys  CURY.L  fell 6.9% as it trimmed
its full-year profit guidance after what it called a
"challenging" technology market at Christmas.  urn:newsml:reuters.com:*:nL8N2TU16K

 (Reporting by Sruthi Shankar and Amal S in Bengaluru; Editing
by Subhranshu Sahu and Alison Williams)
 ((Amal.S@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6749 3677;))
 
(( 
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 
 
 * For related news, click on - *
 UK hot stocks:       HOT  and  GB      Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 
 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 
 
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.