FTSE 100 little changed as rate worries offset Avast surge

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Reuters UK

By Sruthi Shankar (Reuters) -UK’s main stock indexes were largely flat on Wednesday, as investors maintained a cautious stance over the pace of monetary policy tightening, while Avast surged after it won regulatory approval for NortonLifeLock’s $8.6 billion deal. Shares of Avast Plc soared 42.7% to an all-time high after Britain’s competition regulator said it has provisionally cleared cybersecurity firm NortonLifeLock’s $8.6 billion purchase of its rival. The blue-chip FTSE 100 index was down 0.05%, while the domestically focussed midcap index gained 0.04%, after a downbeat start to August. B…

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