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London Markets: FTSE 100 pulls back from run of 2016 highs

Stocks in the U.K. fell Wednesday, taking a breather after hitting their best level this year, with investors waiting for cues in lackluster trading.

The FTSE 100 UKX, -0.11% shed 0.3% at 6,830.52, with all sectors moving lower. The index on Tuesday rose 0.6% at 6,851.30, its best close since June 2015, to mark a fourth straight win, according to FactSet data.

Smith & Nephew PLC shares SN., -1.49% were at the bottom of the benchmark, losing 1.8% after the medical equipment maker’s rating was downgraded to equal weight from overweight at Barclays.

But shares of broadcaster ITV PLC ITV, +0.60% were higher by 0.3% after Entertainment One Ltd.

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