1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

(UKX)
Delayed Great Britain  -  11:35 2022-06-28 am EDT
7323.41 PTS   +0.90%
After hours
-0.61%
7278.43 PTS
03:27aLONDON STOCK EXCHANGE : FTSE 100 hits 2-1/2-week high as China eases COVID-19 curbs
RE
06/27European Bourses Close Higher for Second Straight Day
MT
06/27Wall Street Set for Positive Open, Extending Gains on Easing Inflation Expectations
MT
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 slips on inflation worries, Premier Foods tops midcaps

05/18/2022 | 12:13pm EDT
FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, in London

(Reuters) -UK's blue chip index fell on Wednesday as data showed inflation jumped 9% last month, fuelling fresh worries about the economic toll from surging prices, while Premier Foods topped midcap stocks after it announced plans to raise prices.

The FTSE 100 index closed 1.1% lower snapping a three-day winning streak, while the mid-cap FTSE 250 index fell 0.6%.

British inflation leapt in April to its highest annual rate since 1982. Soaring energy bills were the biggest driver, reflecting last month's increase in regulated energy tariffs.

"The risk is that should they (the Bank of England) raise interest rates too quickly at a time when consumers are already feeling the pinch, then this could crimp demand and push the economy into recession," Ambrose Crofton, global market strategist at J.P. Morgan Asset Management, said.

"Doing too little, however, risks entrenching inflation expectations and driving a more persistent wage-price feedback loop."

A report on Tuesday showed Britain's unemployment rate fell to its lowest since 1974 in the first three months of this year, reinforcing expectations that the central bank will need to continue raising rates to fight inflation.

Sterling slipped after a recent run-up against the dollar. [GBP/]

Premier Foods, the maker of Mr Kipling cakes and OXO cubes, added 10.1% to become the top midcap gainer, as it said it will raise prices of its products as part of plans to tackle rising input costs.

Pub operators Marston's and Mitchells & Butlers slid 7.2% and 1.4%, respectively, after they warned that the cost of living crisis and expenses stemming from the Ukraine conflict would crimp their businesses.

European travel company TUI's UK-listed shares fell 12.9% after it announced a share sale to pay back elements of a German state bailout that it had received during the peak of the pandemic.

(Reporting by Sruthi Shankar and Amal S in Bengaluru; Editing by Uttaresh.V and Shounak Dasgupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / US DOLLAR (GBP/USD) -0.65% 1.21858 Delayed Quote.-9.29%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.03% 0.77656 Delayed Quote.-2.00%
EURO / US DOLLAR (EUR/USD) -0.55% 1.05224 Delayed Quote.-7.18%
FTSE 100 0.90% 7323.41 Delayed Quote.-1.71%
FTSE MID 250 INDEX 0.17% 19351.27 Delayed Quote.-17.72%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.70% 0.012663 Delayed Quote.-4.81%
MARSTON'S PLC 2.46% 54.25 Delayed Quote.-32.21%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.76% 0.6242 Delayed Quote.-7.66%
PREMIER FOODS PLC -1.03% 115.4 Delayed Quote.2.86%
All news about FTSE 100
03:27aLONDON STOCK EXCHANGE : FTSE 100 hits 2-1/2-week high as China eases COVID-19 curbs
RE
06/27European Bourses Close Higher for Second Straight Day
MT
06/27Wall Street Set for Positive Open, Extending Gains on Easing Inflation Expectations
MT
06/27European Bourses Track Higher, Tech Sector Rallies
MT
06/27Commodity stocks drive FTSE 100 to more than one-week high
RE
06/27MICHAEL HUTCHINSON : FTSE 100 Lifted by Miners, Travel Stocks
DJ
06/27LONDON STOCK EXCHANGE : FTSE 100 rises as commodity-linked stocks rebound
RE
06/24European Stocks Join Global Rally, Closes Week in the Green
MT
06/24Wall Street Set for Gains Friday, Powell Testimony in Focus
MT
06/24European Bourses Track Higher Midday On Central Bank Outlook
MT
More news
News of the index components FTSE 100
04:38pBritain says Meggitt-Parker deal concerns addressed, launches consultations
RE
03:52pINTERCONTINENTAL HOTELS : Music to our ears! 4 festivals that will have you singing all su..
PU
02:59pBritain launches two new probes on Meggitt-Parker deal
RE
02:56pThomson Reuters names ex-Gannett CEO as Reuters News president
RE
02:02pHSBC : Transaction in own shares - Form 6-K
PU
01:56pBP P.L.C. : Release of a capital market information
EQ
01:52pLLOYDS BANKING : Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the..
PU
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Rankings FTSE 100
ROLLS-ROYCE HOLDINGS PLC 86.705 Real-time Estimate Quote.5.98%
PRUDENTIAL PLC 1050 Real-time Estimate Quote.4.06%
BT GROUP PLC 191.7 Real-time Estimate Quote.3.65%
SHELL PLC 2183.75 Real-time Estimate Quote.3.37%
BAE SYSTEMS PLC 823.8 Real-time Estimate Quote.3.16%
ENTAIN PLC 1304.25 Real-time Estimate Quote.-2.34%
HALMA PLC 1978.75 Real-time Estimate Quote.-2.81%
FLUTTER ENTERTAINMENT PLC 8477 Real-time Estimate Quote.-2.90%
AVEVA GROUP PLC 2377 Real-time Estimate Quote.-2.94%
SEVERN TRENT PLC 2747 Real-time Estimate Quote.-3.72%
Heatmap :