The FTSE 100 closed up 13.14 points at 8428.13.
British wages excluding bonuses grew by slightly more than expected at 6 per cent year-on-year in the three months to the end of March, giving the Bank of England pause for thought as it weighs the timing of its first interest rate cut. Economists had forecast wage growth of 5.9 per cent for the period.
However, the employment rate inched lower as unemployment crept higher – suggesting tightness in Britain’s labour market is starting to ease.
Among the companies with reports and trading updates today are Anglo American, Currys, Greggs, Vodafone and Virgin Money. Read the Tuesday 14 May Business Live blog below.
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FTSE 100 closes up 13.14 points at 8428.13
The Footsie closes soon
Bank of England’s top economist warns ‘some way to go’ on inflation
Marston’s losses narrow amid hopes of summer sporting calendar boost
Britain’s police ‘aren’t interested’ in tackling shoplifting anymore
Greggs sales soar as baker’s expansion plans roll on
Tesco chief’s pay more than doubles to nearly £10m
A MILLION more take on mortgages they will be paying off after 66
Headlam does not expect market growth ‘until 2025’
Vodafone boss says ‘more needs to be done’ in simplification drive
Headlam does not expect market growth ‘until 2025’
Walmart cuts hundreds of corporate jobs after axing warehouse staff
Cheaper energy deals could be back by winter
Asda plans to create new ‘town centre’ by building 1,500 homes
Investors ramp up bets against BT as new boss prepares annual results
DCC shares top FTSE 350 fallers
Currys shares top FTSE 350 risers
Currys shares surge after profit guidance upgrade
Virgin Money UK warns of pressure on profits ahead of Nationwide takeover
London’s ‘Mr Super Prime’ to star in Netflix’s new property show
Four private equity trusts to profit from the stars of tomorrow
Anglo American to restructure operations as it rejects £34bn BHP offer
Taxpayer stake in NatWest falls below 27% ahead of public share sale
Property firms lobby Hunt to halt removal of stamp duty relief
Jeremy Hunt hails cost-of-living boost for Brits as wages rise 2.4% above falling inflation – the fastest pace in over two years – but signs jobs market is cooling with unemployment up and vacancies down
Market open FTSE 100 flat; FTSE 250 up 0.1%
Headlam Group warns market growth will not recover until next year
Anglo American rejects rival BHP’s £34bn second takeover bid
Marston’s pins hopes on ‘must-not-miss’ sport as losses narrow
Virgin Money UK warns of pressure on profits ahead
Gamestop shares double as ‘meme stock’ social media account resurfaces
US owner of Boots steps up efforts to find a buyer for the British pharmacy chain
FTSE falters despite UBS call to buy British stocks
Summer rate cut looms as unemployment rises but wage growth adds complexity
Wage growth higher than expected – but rising unemployment shows labour market is easing
Currys ups guidance
Anglo American eyes asset sales
UK wage growth higher than forecast
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