UK stocks falls amid BoE rate hike worries; Cineworld rises

UK's FTSE 100 extended losses on Thursday as investors were anxious about further monetary tightening by the Bank of England, while Cineworld rose after the cinema operator said it expects to exit bankruptcy soon. Cineworld Group Plc added 1.0% after the world's second-largest theatre operator said it expects to emerge from bankruptcy protection in July after its restructuring proposal received the support of lenders.

UK's FTSE 100 extended losses on Thursday as investors were anxious about further monetary tightening by the Bank of England, while Cineworld rose after the cinema operator said it expects to exit bankruptcy soon.

Cineworld Group Plc added 1.0% after the world's second-largest theatre operator said it expects to emerge from bankruptcy protection in July after its restructuring proposal received the support of lenders. The blue-chip FTSE 100 slid 0.4% after hotter-than-expected inflation data on Wednesday stoked worries of the BoE staying hawkish.

Markets were also in a glum mood as the deadline on the U.S. debt default drew closer with no deal in sight. United Utilities Group Plc slipped 0.4% after the water company swung to an annual pre-tax loss due to high costs.

The FTSE 250 fell 0.1%, but Tate & Lyle Plc jumped 2.5% after the sweetener-maker reported a surge in annual profits, aided by higher prices. Qinetiq Group Plc climbed 0.5% after posting strong annual results and lifting its annual dividend.