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

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

Updated: 07:30 BST, 24 May 2023

Consumer price inflation was 8.7 per cent in April, down from from 10.1 per cent in March but higher than the Bank of England’s forecast of 8.4 per cent, fresh data from the Office for National Statistics reveals.

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Marks & Spencer, SSE Group, C&C Group, BT, Kingfisher, Playtech and Severn Trent. Read the Wednesday 24 May Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Readers Also Like: BUSINESS LIVE: Inflation slows to 6.8% in July

POPULAR MONEY SECTIONS

READ SOURCE