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Evening Standard
Evening Standard
Business
Anna Wise

London’s FTSE 100 loses ground as UK service sector growth slows

London’s FTSE 100 has been outperformed by European peers on Wednesday, after a new survey suggested the UK’s services firms were knocked by Budget worries last month.

The blue-chip index was down 23.6 points, or 0.28%, to close at 8,335.81.

S&P Global’s PMI survey, closely watched by economists, showed growth in the UK’s services sector slowed to its lowest rate for more than a year in November.

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