Flutter Entertainment dropped 2 per cent to €145.25, while food group Kerry nudged down 0.2 per cent to €88.00.The UK’s FTSE 100 closed lower, as upbeat US economic data last week sparked fears of further monetary tightening and as a top Bank of England official voiced concerns that rates need to stay higher for longer.
Hargreaves Lansdown fell 3.3 per cent after Credit Suisse downgraded the wealth manager’s shares to “underperform” from “neutral”.The pan-European STOXX 600 closed down 0.8 per cent, pulling back from a nine-month high it hit on Friday on optimism about the euro zone economy. Germany’s DAX index fell 0.8 per cent. Industrial orders in Europe’s largest economy beat forecasts in December. In France, the Cac 40 slid 1.3 per cent.