FX.co ★ FTSE 100 Declines As US Rate Cut Hopes Fade

UK stocks experienced a downturn on Wednesday due to strong data from the US and the ambiguity of comments from Federal Reserve officials, which undermined investor anticipation for a rate reduction in June.

The key FTSE 100 diminished by 36 points, equivalent to half a percent, settling at 7,898, following a 0.2 percent decrease from the prior session.

Engineering firm Renishaw faced a hefty 4.2 percent dip after Siemens from Germany annulled any intent to propose an offer for acquisition of the company.

Budget airline, Wizz Air Holdings showed little change, despite revealing their passenger and load factor statistics for March.

Tiles retailer Topps Tiles observed a 1.5 percent decline after declaring lower profits in the first half of the year and issuing a warning about future profits.

The Hilton Food group, involved in processing meat, seafood and alternative meat products, fell by 4.3 percent post announcement of a modest top-line expansion in 2023.