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FTSE 100 slump continues as central banks look ready to tighten

Micro Focus shares plunge as CEO exits; Hammerson’s stock soars after takeover offer

FTSE 100 slump continues as central banks look ready to tighten

UK blue-chip stocks lost ground Monday, adding to the prior week’s drop, with analysts pinning the retreat in part on expectations that the Bank of England and the US Federal Reserve will signal this week how their monetary policies may be tightening, MarketWatch reports.

Micro Focus International stock was the FTSE 100’s biggest loser as the software maker warned on its outlook and said its CEO has resigned.

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