BUSINESS LIVE: Inflation slows to 8.7%; M&S earnings dented by costs

Economy
By Liam

BUSINESS LIVE: Inflation slows to 8.7%; Marks & Spencer earnings dented by costs; SSE Group profits increase by 89% on renewables

By live commentary

Updated:

Consumer price inflation stood at 8.7 percent in April, down from 10.1 percent in March but higher than the Bank of England’s forecast of 8.4 percent, new data from the Office for National Statistics show. .

The FTSE 100 opens at 8am. Companies with reports and trade updates today include Marks & Spencer, SSE Group, C&C Group, BT, Kingfisher, Playtech and Severn Trent. Read the Business Live blog of Wednesday 24 May below.

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