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FTSE 100 slips after U.S. inflation scare; Playtech tumbles

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Reuters UK

(Reuters) – UK shares inched lower on Thursday as investors worried about the prospect of a more aggressive monetary policy by central banks to curb inflation, while Playtech slumped after TTB Partners dropped plans to bid for the gambling software maker. The blue-chip FTSE 100 slid 0.2% by 0713 GMT, while the domestically oriented FTSE 120 index declined 0.1%. Wall Street ended lower on Wednesday after hotter-than-expected U.S. inflation data fuelled fears that the Federal Reserve could raise key interest rates by as much as 100 basis points later this month. Among single stocks, Britain’s la…

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