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FTSE 100 slips on glum earnings after best win run since 2017

Sagarika Jaisinghani / Bloomberg
Sagarika Jaisinghani / Bloomberg • 2 min read
FTSE 100 slips on glum earnings after best win run since 2017
Stock price information at the London Stock Exchange. Photo: Bloomberg
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London's FTSE 100 edged lower, snapping its longest gaining streak since 2017, with a slate of disappointing earnings weighing on sentiment.

The export-heavy FTSE 100 fell 0.1% by 3.09pm in London. Lloyds Banking Group Plc dropped 1.8% as it missed earnings expectations and set aside more to prepare for a worsening economy.

The OMX Copenhagen 25 Index gained 1%, with Novo Nordisk A/S climbing 2.0% as the pharmaceutical firm said its semaglutide study showed benefits for liver treatment. CVS Health Corp.'s drug-benefits unit also negotiated a deal to make Novo's Wegovy more widely available to its members.

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