Proactive - Interviews for investors

FTSE 100 retreats on mixed inflation data; AstraZeneca declines in early trade - Market Report

Episode Summary

London's FTSE 100 fell as mixed inflation data left analysts expecting the Bank of England to hold interest rates steady at tomorrow's meeting. In opening trade, the FTSE fell about a fifth of a percent to 8,172. While the consumer price index retreated to 2% in May from 2.3% in April, core inflation registered at 3.5% and services inflation came in at 5.7% for the month. In company news, one of the morning's big fallers is AstraZeneca, which declined 1.8%. Yesterday it revealed that a breast cancer drug combination failed in late-stage trials. Berkeley Group Holdings retreated by 1% even though its final results showed higher profits than expected. Meanwhile, Vodafone Group added 1% after it sold down its stake in Indian mobile towers group Indus Towers. Vodafone, which retains a 3.1% stake in Indus, says it will use the cash to repay outstanding debt secured against its Indian assets. And Warhammer tabletop games maker Games Workshop Group jumped 7% after it gave a year end-update, saying revenue grew 10% and profit before tax should be up 17% or more. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #cpi #boe #inflation #astrazeneca #berkeleygroupholdings #vodafone #gamesworkshop #warhammer #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews