The FTSE 100 slumped on Wednesday after UK inflation figures came in higher than expected and one of the index’s biggest firms said it could leave.
In company news, mining group Glencore revealed it is considering moving its main stock market listing away from London in what could mark yet another blow to the capital’s market.
The biggest risers on the FTSE 100 were Unilever, up 61p to 4401p, SSE, up 17p to 1480.5p, Pershing Square, up 52p to 4540p, Pearson, up 15p to 1363p, and National Grid, up 9.4p to 953p.
As a result, City traders reduced their bets on interest rate cuts later this year, as the Bank of England seeks to bring inflation back down to its 2% target rate.
The biggest fallers on the FTSE 100 were Glencore, down 25.75p to 327.8p, easyJet, down 20.3p to 497.3p, JD Sports, down 2.86p to 81.12p, Anglo American, down 83p to 2370p, and Ashtead, down 161p to 4947p.
