The FTSE 100 opened sharply higher as soft jobs data prompted hopes that the Bank of England could be reassured that inflation was cooling. ONS data showed UK unemployment unexpectedly rose to 3.9% in the three months to January, which analysts said could help in encouraging base rate cuts in the coming months. Among companies, Persimmon shares slipped in early trading after the housebuilder reported that profits more than halved last year on the back of market weakness. Pets at Home also took a hit, falling on news the CMA was to investigate the veterinary sector over fears customers were often overcharged for the likes of medicines. And finally, things were little better at pizza chain Domino’s, which underwhelmed the market with upcoming first-quarter sales guidance. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #persimmon #petsathome #dominospizza #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews