FTSE 100 was little changed in early trading, down 1 point to 7,535. Despite stronger than expected UK CPI figures, economists described it as an “ugly print.” Persimmon said revenue fell in the first half of 2022. The housebuilder said several macro conditions disrupted supply chains and increased costs. Inflation in the UK grew to 10.1% last month reaching a 40-year high. Prices of food, drink, and energy all jumped. Entain could lose its licence to operate in the UK. It was told to pay a record £17m settlement over its inaction as individual customers spent hundreds of thousands of pounds. Shares in Cineworld nosedived 38%. The cinema group said a lack of big-budget releases was hitting admissions. Cambridge Cognition was selected by the University of Oxford as a cognitive assessment partner. It will test the use of a diabetes drug in reducing the risk of Alzheimer's dementia. Touchstone Exploration received environmental clearance from the authorities in Trinidad and Tobago. It can now develop production facilities within the Cascadura area of the Ortoire block.
FTSE 100 little changed as inflation reaches 40-year high
