European shares slipped in the last trading day of a rough year marked by geopolitical tensions and fears of a recession as central banks hike rates, while London stocks outperformed their counterparts on the continent due to heavy commodity exposure.
Sharp commodity-linked gains and a weak sterling have also helped Britain's export-heavy FTSE 100The United Kingdom saw the death of its longest-reigning monarch in 2022 and three prime ministers occupying Downing Street in the second half of the year amid a worsening cost of living crisis that sparked strikes and protests across Europe.clocked a yearly fall of 12.3%, its worst performance since 2018.
, their slowest annual pace this year, thanks to lower electricity prices compared to a year ago.fell 3.8% after Prime Minister Giorgia Meloni on Thursday reiterated that the government wanted to take control of the former phone monopoly's fixed network assets and safeguard employment levels.Reporting by Bansari Mayur Kamdar and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.
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