FTSE 100 sees flat start to 2024 as UK factory slump dampens New Year spirits

Business | Business News The FTSE 100 has seen a flat start to 2024 as news of Britain’s worsening factory downturn signalled the economy has more hurdles to overcome in the New Year. The blue-chip index lost ground on Tuesday afternoon, the first full day of trading, after seeing a slight rise over 2023. It moved 11.72 points lower, or 0.15%, to close at 7,721.52. A new PMI survey from S&P Global and CIPS found the UK manufacturing industry contracted for the 17th month in a row in December, with confidence among businesses hitting a 12-month low. Engineering and industrial stocks were among the biggest fallers on the FTSE 100 on…