Retail prices are rising as cost pressures feed into consumers' shopping baskets with more to come, industry figures showed.
Wall Street stocks closed lower across the board on Tuesday as rising bond yields, negative data points, and testimony from Federal Reserve chairman Jerome Powell all weighed on the market.
Wall Street stocks were in the red at the open on Tuesday as rising bond yields, negative data points, and testimony from Federal Reserve chairman Jerome Powell all weighed on the market.
Financial markets' focus in the middle of the week will shift to the UK, where consumer lending figures for August are due out.
London stocks closed in negative territory on Tuesday, amid worries about inflation and Chinese power shortages, with investors looking to a testimony from Federal Reserve chair Jerome Powell across the pond.
European shares slumped on Tuesday as worries over rising government bond yields and an economic slowdown in China hit investor sentiment.
Everyman Media revealed on Tuesday that chief executive Alex Scrimgeour had acquired 44,191 ordinary shares in the AIM-listed cinema operator.
Analysts at Berenberg raised their target price on clothing retailer Superdry from 235. 0p to 280. 0p on Tuesday but stated a "leap of faith" was required as the group's risk/reward balance was weighted very evenly.
Yields on longer-term UK government debt hit their highest level since March 2020 on Tuesday, amid signals from some central banks that they were ready to begin weaning their economies off emergency stimulus programmes.
Digital chemistry technology company DeepMatter has signed a contract with generic pharmaceuticals giant Dr. Reddy's Laboratories, based in Hyderabad, India, for its ‘DigitalGlassware’ platform.
Alternative proteins technology investor Agronomics announced on Tuesday that its portfolio company Simply Foods, trading as New Age Meats, had closed a $25m series A funding round led by South Korean conglomerate Hanwha Solutions Corporation.
London’s FTSE 250 was down 1. 5% at 23,246. 24 in afternoon trade on Tuesday.
Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) has successfully completed a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation to the west of the established Redmoor resource.
Gold and base metals exploration company Rockfire Resources updated the market on its exploration programme underway at its wholly-owned Copperhead porphyry project in Australia’s north Queensland on Tuesday, reporting that the drilling of the first two exploration holes was complete, with a third hole currently in progress.
Ergomed reported total revenue growth of 38. 8% over its first half on Tuesday, to £56m, or an improvement of 48. 1% in constant currency.
London’s FTSE 100 was down 0. 3% at 7,040. 80 in afternoon trade on Tuesday.
Serica Energy reported a first-half gross profit of £46m on Tuesday, swinging from a loss of £19. 8m year-on-year, with cash flow from operations improving to £63. 8m from £19. 3m.
Online fashion retailer Asos is planning to invest £14m in a new tech hub in Belfast in a move that will create more than 180 jobs over three years.
Point-of-care company EKF Diagnostics has agreed to acquire the entire issued capital of Advanced Diagnostic Laboratory (ADL Health), it announced on Tuesday.
House prices rose across the US in July, up 1. 4% month-on-month, according to the Federal Housing Finance Agency's house price index. On an annual basis, house prices were up 19. 2%.
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