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British Stocks Slip in Volatile Trade; LSE Group Jumps On Earnings

INTERNATIONAL: London's FTSE 100 slipped on Thursday, as investors assessed the impact of soaring commodity prices on economic growth, while shares in LSE Group jumped after the exchange operator posted positive earnings.

The FTSE 100 index fell 0.2%, with Russia-exposed miner Polymetal plunging 28.5% after it lost its spot on the blue-chip index.

ITV, down 14.3%, was the second biggest loser as its digital expansion plans left investors unimpressed.

"The aspirations are certainly huge, with plans to double digital revenue by 2026, that will be no easy feat when the battle for our attention is already fierce, with companies with much deeper pockets on the opposing teams," said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.

The London Stock Exchange Group jumped 9.3%, among the top FTSE 100 gainers, after positive earnings updates and raising its dividend to 95 pence per share.

LSE Group's gains were also supported by the exchange flagging a minor potential impact on its business from financial sanctions on Russia following its invasion of Ukraine.


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