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The FTSE 100 fell Tuesday as investors digested mixed trading updates from companies, while bets on sooner US rate hikes resumed after President Biden's renominated Jerome Powell as Federal Reserve chairman.
At 08:45, the benchmark FTSE 100 index was down 42.25 points, or 0.58% to 7,213.21.
Online electricals retailer AO World plunged 25% to 93.22 pence after warning on profit as supply chain woes and rising costs to weigh on performance in the run-up to the key Christmas shopping period.
Food services company Compass fell 0.9% to £14.59 after reporting annual profit that more than doubled as cost cuts offset a fall in revenue owing to the due to the pandemic impact.
Reach slipped 6% to 283.80 pence even as the news publisher said revenue growth was currently ahead of full-year expectations following a recovery in digital advertising despite growth returning to a more normalised pattern in the second half of the year.
Construction company CRH rose 2% to £37.29 after saying it expected to deliver record performance for the full year, with core earnings expected to be well ahead of the prior year following growth in the nine months through November.
Pet supplies retailer Pets at Home climbed 2.5% to 469.80 pence after saying that annual profit was expected within the top end of market expectations following a jump in first profit as pet ownership continued to swell, boosting customer growth.
IT infrastructure technology and services company Softcat fdell 0.8% to £19.06 reported year-on-year profit and revenue growth in the first quarter of the year as demand remained 'high.'
Bodycote fell 1.4% to 825.50 pence after trimming its outlook on annual revenue as expectations for a strong Q4 rebound automotive revenue wasn't expected to materialise.