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FTSE 100 falls as inflation rises to three-month high

Published 17/02/2021, 09:26
© Reuters.
UK100
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BATS
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HRGV
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FTMC
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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 0.5%, FTSE 250 down 0.3%

Feb 17 (Reuters) - London's FTSE 100 fell on Wednesday as
inflation picked up by a little more than expected in January,
while British American Tobacco slumped despite stronger annual
profit.
The commodity-heavy FTSE 100 .FTSE was down 0.5% by 0819
GMT, with British American Tobacco BATS.L the biggest drag.
British inflation rose a little more than expected last
month as the country went back into a coronavirus lockdown,
pushed up by higher food prices and less discounting of
household goods such as sofas, official data showed The mid-cap FTSE 250 index .FTMC fell 0.3%.
British fund supermarket Hargreaves Lansdown HRGV.L slid
7.6% to the bottom of the blue-chip index after Peter
Hargreaves, the largest shareholder and co-founder, sold $416
million worth of shares.

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