Among the companies with reports and trading updates today are International Distribution Services, Frasers, AJ Bell, Dunelm, Evoke and Premier Foods. Wages excluding bonuses grew by 5.7 per cent in the three months to the end of May, in-line with forecasts and down from 6 per cent previously, data from the Office for National Statistics shows.
Investors scaled back bets on an August Bank of England base rate cut after fresh data showed signs of persistent inflation pressures in some areas of the economy. While the headline inflation measure remained at target, a core inflation reading of 3.5% and a services inflation rate of 5.4% demonstrated the danger of resurgent price pressures.
Shares in Apple dropped more than 2% while Microsoft fell 1% and Nvidia was down more than 6%. On Wall Street the Nasdaq fell 2.8%.
Official figures showed inflation held firm at 2% - the Bank of England target - in June. But economists had expected it to fall to 1.9%.
Mike Jatania (pictured with wife Sonal) has started due diligence checks, according to a statement from his company Auréa and administrators FRP Advisory.
In an update to the stock market, the Belfast group said no decision has been made by the Government about guaranteeing a loan to keep it afloat.
It's the second month in a row that the Bank of England's inflation target has been met and follows the downward trend of the last few months.
Portas (pictured with Rachel Reeves), who is known as 'Mary Queen of Shops' after her TV show, joined the launch of a 'Say No to Shein' campaign.
The drinks giant will offload parts of its wine portfolio to the owners of Australia's Accolade Wines. It did not disclose the value of the deal.
Nationwide, led by chief exec Debbie Crosbie (pictured), owned by 16m members, is buying stock-market-listed lender Virgin Money for £2.9bn.
Ofwat has given formal notices to Severn Trent, United Utilities, Dŵr Cymru Welsh Water, and Hafren Dyfrdwy to obtain evidence for its investigation. It said it launched the cases after analysis of the groups' environmental performance and data raised concerns that they 'may not be fulfilling their obligations to protect the environment and minimise pollution.'
Georges Elhedery, 50, will succeed Noel Quinn in the role after Quinn announced his retirement from the bank in April.
Reckitt confirmed that the Mount Vernon site had sustained 'significant damage', but confirmed that all employees present were safe.
Ocado boss Tim Steiner (pictured with partner Patrycja Pyka) said investors should have belief in the online supermarket and technology firm.
The FTSE 100 company revealed that its organic turnover from ongoing activities rose by 7 per cent at constant exchange rates in the three months ending June.
Analysts say markets are currently under-pricing the potential of Ocado's technology, as well as long-term online grocery growth.
Babcock said its underlying operating profits jumped by 34 per cent to £238million in the year ending March thanks to strong demand from the nuclear, land, and aviation industries.
Polar Capital Technology Trust has announced proposals for a 10-1 share split while posting its latest annual results.
Mitie said the acquisition will enhance its expertise in the growing high voltage power connections market.
Spare a thought for poor Rishi Sunak. How the ex-Prime Minister must be kicking himself for holding the election when he did. Less than two weeks after his government was slaughtered in the polls, along comes the International Monetary Fund with the sort of update that PM's would give their back teeth for.
Among the great British value creating corporate breakups of recent decades was that of Great Universal Stores. Out of the embers of the empire originally built by the late Sir Isaac Wolfson were born three enterprises: Burberry, credit data giant Experian and Argos, now part of Sainsbury. Burberry has had a great run as an independent entity capturing the Zeitgeist in the US, Japan and China as a quintessentially British upscale fashion group.
Who wants to be a millionaire? Quite a lot of us, according to the latest Global Wealth Report from the Swiss bank UBS. There are more than three million dollar millionaires in the UK, making us third in the world after the US and China. But UBS also predicts that the number will fall by 500,000 over the next five years, as rich people leave the country, or maybe simply lose their wealth.
Power Portfolio is FREE and it's the best way to monitor your real or virtual investments - with all the vital investor information in one handy place.
This is Money is part of the Daily Mail, Mail on Sunday & Metro media group
dmg media Contact us How to complain Advertise with us Contributors Terms Subscription Terms & Conditions Do not sell or share my personal information Cookie Settings Privacy policy & cookies
