1. UK inflation comes on soft, utilities and transport lead the way
January’s UK inflation print came in at a flat 4% year on year, 20 basis points lower than the 4.2% expected.
2. FTSE 100 climbs on January inflation figures
Analysts have eyed April’s anticipated reduction in Ofgem’s energy price cap as offering further scope for inflation to subside in the coming months.
3. Coca-Cola’s bottling group hits record profits
Organic volumes in the core sparkling category were hit by Coca-Cola’s withdrawal from the Russian market, coming in at 2.5%.
4. Air Astana takes flight on London Stock Exchange
Air Astana is expected to generate over £277 million from the offer, which will primarily fund the airline's growth strategy.
5. Bloomsbury profit to beat hiked expectations on Sarah J. Maas success
This comes after “exceptional growth” within the firm’s consumer division, driven partially by the release of contracted author Sarah J. Maas’s latest novel in January.