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The FTSE 100 was little changed in light trade

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The FTSE 100 was little changed in light trade

UK shares were little changed in dull trading on Monday ahead of a busy week that includes interest rate decisions by the US Federal Reserve and the Bank of England.

The benchmark FTSE 100 index was marginally lower at 7,042 after falling 0.4 percent on Friday.

International Distribution Services — formerly Royal Mail — jumped 6.2 percent after its biggest union, the Communications Workers Union (CWU), called off planned strike action in Britain in the next two weeks.

Engineering company IMI fell more than 1 percent after it agreed to buy New York-based microfluidics flow control business CorSolutions.

Heat treatment specialist Bodycote fell 2.8 per cent after appointing Ben Fiedler as its next chief financial officer, succeeding Dominic Yates, who announced his intention to retire earlier this year.

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