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

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 is down 1.8 per cent in afternoon trading. 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.

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