UK Markets Dip Amid Rate Hikes and Political Shifts

London’s markets plunged this week as investor nerves tightened around looming interest rate hikes from both the U.S. Fed and the Bank of England, sending mining stocks tumbling while healthcare and staples rose as safe havens. Political uncertainty spiked with Keir Starmer’s exit igniting a leadership race, with Andy Burnham emerging as frontrunner—and investors eyeing his fiscal stance amid soaring national debt. Meanwhile, June’s services sector shrank at its fastest pace in nearly four years, deepening economic unease. Amid the gloom, Bunzl soared on upgraded revenue forecasts, while Telecom Plus plummeted after revealing a profit-impacting investment strategy in a fiercely competitive market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/34457be3c4e16925