On Monday, UK equities declined as investors shied away from riskier wagers ahead of this week’s crucial central bank decisions, while shares of Unilever edged higher after the consumer goods major announced the appointment of a new CEO.
Midcap FTSE 250 (.FTMC) and the blue-chip FTSE 100 (.FTSE) both declined by 0.5% as of 08:07 GMT, with risk aversion also permeating the global markets ahead of this week’s rate announcements from the Bank of England, the European Central Bank, and the U.S. Federal Reserve.
After Hein Schumacher, now the CEO of the Dutch dairy giant Friesland Campina was named to succeed Alan Jope as its CEO on July 1, Unilever’s stock increased by 0.8%.
Following the bookmaker’s announcement that Chief Executive Officer Itai Pazner would resign immediately and that VIP activities would be suspended in various markets pending an internal review, 888 Holdings (888.L) saw a 7.5% decline.
After the insurer Legal & General (LGEN.L) said Chief Executive Nigel Wilson was stepping down after ten years in the top position but would stay in the position until a successor took the helm, the stock fell by 2.0%.