Growth fears drag on FTSE 100; AVEVA soars as Schneider mulls buyout ...Middle East

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Growth fears drag on FTSE 100; AVEVA soars as Schneider mulls buyout
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Commodity and financial stocks dragged the UK's FTSE 100 lower on Wednesday on worries about a slowdown in global economic growth, although a jump in AVEVA Group on buyout news and a weaker pound helped limit losses on the exporter-heavy index. The blue-chip FTSE 100 edged down 0.2% for a third consecutive session of losses, while the midcap FTSE 250 index reversed an earlier drop to a new five-week low to close unchanged.

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