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

Published 02/10/2019, 08:41
Updated 02/10/2019, 08:50
© Reuters.  Growth worries, Brexit woes hit FTSE 100; gambling stocks rally on M&A news

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.7%, FTSE 250 down 0.4%

* Oil majors, miners among biggest drags

* Flutter Entertainment climbs on M&A news

Oct 2 (Reuters) - 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 .FTSE , 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

FLTRF.L , 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 .FTMC fell 0.4%,

but gambling firms William Hill WMH.L and GVC GVC.L rose 3%

and 5%, respectively, limiting overall losses.

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