FTSE 100 falls as commodity-related stocks weigh, Playtech jumps on takeover bid

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* FTSE 100 down 0.3%, FTSE 250 flat

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Nov 18 (Businesshala) – The UK’s FTSE 100 fell on Thursday as oil and mining majors suffered from falling commodity prices, while online gambling software developer Playtech jumped after receiving a third takeover bid in the past two months. Gaya.

The blue-chip FTSE 100 fell 0.3% as of 0805 GMT, with oil companies Royal Dutch Shell and BP down more than 1% as crude prices plunged to a six-week low after China said it would Proceeding to release the reserves.

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Copper prices fell 1.5% among miners after their lowest drop in more than a month, weighed by rising inventories, a stronger dollar and risk-off sentiment.

The FTSE 100 widened the deficit for a third day after data showing inflation on a strong jobs report and 10-year high rate-growth expectations.

Drugmaker GlaxoSmithKline traded ex-dividend, down 1.7%.

Royal Mail climbed 4.8% after the company reported strong first-half results and said it would return 400 million pounds ($539.84 million) to shareholders as it anticipates higher annual earnings in the UK business.

The domestically focused mid-cap index was flat, with Playtech plc adding 3.4% following a takeover bid from JKO Play Ltd, which was controlled by former F1 boss Eddie Jordan and former Scientific Games executive Keith O’Laughlin.

Reporting by Bansari Mayur Kamdar; Editing by Subhranshu Sahu

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