UK stocks slip on mixed earnings, focus on U.S. inflation data

– The principle UK inventory indexes fell on Wednesday as traders digested combined earnings studies, whereas warning reigned in international markets forward of U.S. inflation knowledge that might hold the Federal Reserve on the right track for extra rate of interest hikes.

The blue-chip FTSE 100 slipped 0.2%, transferring additional away from a two-month peak hit earlier this week, whereas the midcap FTSE 250 index was down 0.3%.

Deliveroo slipped 1.3% after the meals supply firm mentioned it was consulting on leaving the Netherlands market after failing to achieve a powerful native place, as its first-half pre-tax loss widened.

Royal Mail fell 3.4% after it warned of a full-year loss within the UK if the Communications Staff Union (CWU) went forward with its plans of a four-day strike.

Asia-focused insurer Prudential Plc slipped 1.5%, because it warned of difficult circumstances for the remainder of the 12 months as COVID-19 curbs persist in some markets.

Insurer Aviva, nevertheless, rose 4.9% after saying it deliberate to offer extra money again to shareholders because it posted a better-than-expected 14% rise in first-half working revenue.

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