PL

Planet Labs PBC

5.55
USD
2.21%
5.55
USD
2.21%
3.70 11.65
52 weeks
52 weeks

Mkt Cap 1.53B

Shares Out 275.80M

Chat
Send me real-time posts from this site at my email

Banks support FTSE 100 as UK inflation hits double digits

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.1%, FTSE 250 adds 0.2% Aug 17 (Reuters) - UK's FTSE 100 edged higher on Wednesday with banking stocks in the lead after inflation hit double digits for the first time in four decades, spurring bets of aggressive moves by the Bank of England to tame surging prices. The blue-chip .FTSE added 0.1% by 0707 GMT, while the FTSE 250 midcap index .FTMC climbed 0.2%. Sterling GBP=D3 firmed slightly after official figures showed consumer price inflation jumped to a higher-than-expected 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households. Traders now see an over 85% chance of a half percentage point rate hike in September by the central bank. UK's banking index .FTNMX301010 rose 0.5%, with Barclays BARC.L up 1.4%. Carnival Plc CCL.L rose 5.3% after Carnival Cruise Line said booking activity nearly doubled pre-pandemic levels after it announced an ease in COVID-19 testing requirements for passengers. Among small cap stocks, Cineworld CINE.L dropped 39.1% after the world's second largest cinema chain warned that admission levels at its theatres are likely to stay lower than expected until November due to limited film releases. (Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Sriraj Kalluvila) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue