Bank of England governor Andrew Bailey warned of the potential for a protracted downturn. Photograph: Yui Mok-WPA Pool/Getty ImagesUS stocks wavered on Thursday while European stocks held mostly steady as investors weighed the Bank of England’s decision to once again raise interest rates in a bid to cool soaring inflation.
gained over 13 per cent after affirming its profit guidance for the rest of the year. Shares in French video game company Ubisoft Among the biggest losers were Luxembourg-based satellite operator SES, down 8.9 per cent and French automaker Valeo, down 5.6 per cent. Shares in Europe’s largest Just Eat lost close to 5 per cent, almost eclipsing Wednesday’s gains.The UK’s blue chips FTSE 100 share price index initially dipped following the Bank of England’s latest rates hike but quickly recovered as the pound weakened. It was up 0.5 per cent, after touching its highest in around two months.