FTSE 100 Falls as Traders React to Fed Minutes0848 GMT - The FTSE 100 drops 0.9% to 7443 points after the Federal Reserve's December meeting minutes signalled it could withdraw support at a faster pace. The minutes indicated the Fed could raise interest rates earlier than expected and reduce its balance sheet soon after it lifts rate to tame inflation. ---Made.com Group Sees 2021 Sales Growth of 38%Made.com Group PLC said Thursday that it booked on-year sales growth of 38% for 2021 as active customers increased. The company's forecasts for fiscal 2023 are sales growth of 7.0% and pretax profit growth of 4.6%, which is at the lower end of market expectations, RBC notes. "We maintain our positive stance as we think Next is showing it can deliver top line growth above the historical average, but is trading at an average multiple historically."

Source: Wall Street Journal January 06, 2022 09:36 UTC