UK's FTSE flat after inflation data; Deliveroo up on forecast raise

  • 10/20/2021
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 0.1%, FTSE 250 off 0.1% Oct 20 (Reuters) - London’s FTSE 100 was little changed on Wednesday as fears that the Bank of England would raise interest rates as early as next month persisted despite an unexpected slowdown in inflation, while food delivery company Deliveroo jumped after raising its forecast. The blue-chip FTSE 100 index was flat at 0714 GMT, with miners Rio Tinto, Glencore and Anglo American among the worst performers on lower metal prices. Inflation rose 3.1% in annual terms in September, slowing unexpectedly from 3.2% in August. The decline probably was a temporary respite for consumers and the BoE is still expected to address the rise in consumer prices by raising rates as early as November. The domestically focussed mid-cap index was also flat, with travel stocks weighing on the index. Deliveroo rose 2.3% after it raised its full-year growth forecast and reported a jump in gross value of its orders in the third quarter. (Reporting by Bansari Mayur Kamdar; Editing by Anil D’Silva)

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