FTSE 100 Falls Despite European Rally as SSE and National Grid Drop Amid Ofgem Approval

The FTSE 100 slipped 0.1% despite a European rally, with SSE and National Grid falling after Ofgem approved a £28 billion investment. The UK new car market fell 1.6% YoY in November, while the BEV uptake rose 3.6% to 26.4% of the market share. British Land rejoined the FTSE 100, while WPP was relegated. Ofgem approved £28 billion of investment in UK energy infrastructure, which will increase network charges on household bills by £108.