Home Business NewsEconomic FTSE 100 dips after inflation fall

FTSE 100 dips after inflation fall

by LLB Reporter
20th Oct 21 11:46 am

The FTSE 100 started a bit lower on Wednesday after UK inflation moderated to come in just short of expectations.

AJ Bell financial analyst Danni Hewson: “However, these figures are already firmly in the rear-view mirror and probably bear little comparison to current realities given the surge in energy prices and mounting supply chain issues seen in October.

“Online reviews outfit Trustpilot was getting a bad rating from investors after several major shareholders sold a chunk of their holdings at a discounted price.

“Cyber security firm Avast’s latest robust set of numbers may prompt increased regret over its impending exit from the UK market, following its merger with US rival NortonLifeLock.

“Burberry’s new chief executive Jonathan Akeroyd got the thumbs up from the market. An experienced operator in the fashion market – his tenure at Alexander McQueen was seen as a success as he revitalised the brand and primed it for international expansion.”

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