The FTSE 100 is down 0.5 per cent in afternoon trading. Among the companies with reports and trading updates today are Marks & Spencer, SSE, Mitchells & Butlers, BT and Severn Trent. Read the Wednesday 22 May Business Live blog below.
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ITV makes investment in estate agent Purplebricks
UK households paying record levels of inheritance tax
Raspberry Pi set for June IPO in welcome boost for London market
House prices rise in March official figures show
These are the most popular places to start a business in the UK
Mitchells & Butlers boosted by easing inflationary costs
Latest inflation reading means interest rates won’t be cut next month
SSE profits drop as energy prices experience less volatility
Our guide to EVs and low emission vehicle road tax changes from 2025
TikTok to lay off ‘large proportion’ of its global workforce today
Severn Trent hikes dividend amid higher bills and sewage spats
BT slapped with £3m fine over contract failures for 1.1m EE and Plusnet customers
Banking giant Citi fined £62m by UK watchdogs
Market update: FTSE 100 down 0.5%; FTSE 250 off 0.4%
British Land: Commercial property values stabilising
M&S sales balloon to more than £13bn as food and clothing lines prove a hit with shoppers
Greetings card industry sounds alarm over £3.5bn Royal Mail takeover
Mitchells & Butlers outperforms pub rivals again
First base rate cut likely pushed to August
Lidl trumps Aldi in the battle for bargain hunters with sales up 9.4%
South West Water boss told to resign as she pays £127m dividend despite parasite outbreak
”A return to the stable dynamics that prevailed before the COVID-19 pandemic still seems unlikely’
Citigroup hit with £62m in UK fines
‘The turnaround of M&S has been remarkable’
M&S profits rocket to £716m
City cheers Greencore buyback as profits rise
Services inflation remains sticky
Inflation still ahead of forecasts – but slowing price trend ‘is intact’
Inflation tumbles to 2.3% as Rishi Sunak says Britain’s problems are ‘in the rear view mirror’… but doubts cast over Bank of England interest rate cuts with fall not as sharp as hoped
CPI plummets to 2.3%
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