© Reuters. Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville
By Sruthi Shankar and Khushi Singh
(Reuters) -Britain’s benchmark index was muted on Thursday and mid-cap stocks climbed following corporate updates, while hotter-than-expected U.S. GDP data tempered hopes of early interest rate cuts by global central banks.
The blue-chip was flat, while the domestically focussed added 0.3%, reversing early losses.
Elementis (LON:) was the top performer on the FTSE 250, jumping 12.1% after a shareholder urged the board to “initiate a sales process immediately” following news that the chemicals firm had spurned the latest takeover approach from KPS Capital Partners.
IG Group led declines on the mid-cap index, losing 7.6%, after the online trading platform reported a drop in first-half earnings due to softer market conditions.
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