News updates from December 13: François Bayrou appointed French PM; McKinsey agrees to pay $650mn to settle opioid investigation

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Financial Times 2d ago

News updates from December 13: François Bayrou appointed French PM; McKinsey agrees to pay $650mn to settle opioid investigation - Financial Times

Quick Summary:

The monthly change in GDP published on Friday by the Office for National Statistics was lower than the 0.1 per cent expansion forecast by economists polled by Reuters.It followed a 0.1 per cent contraction in the previous month.

London’s FTSE 100 was flat after official data showed that the UK economy shrank by 0.1 per cent in October, undershooting expectations of a 0.1 per cent expansion and helping to fuel fears of an economic slowdown.

Shares in Impax Asset Management fell 24 per cent on Friday after the sustainability-focused UK fund manager announced it had lost a significant mandate from St James’s Place.