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Markets rangebound as investors face sticky inflation and prospect of higher interest rates

Equities in London underwhelmed heading into Wednesday afternoon, with the mood tempered by another robust UK consumer price index reading, which may force the Bank of England to dig deeper to contain inflation.A hike on Thursday by Threadneedle Street is a foregone conclusion. Wednesday data means a half-point rate lift may be on the table. The BoE had been expected to enact another 25 basis poin

Why the food delivery story has stalled and what the big names can do to recover

Covid cast a pall on many businesses but there were winners and food delivery drivers were among the lockdown heroes. I remember the unholy glee felt by the entire family when that insulated bag stuffed with cardboard cartons walked through the garden gate after what seemed like months of home cooked meals.Everyone seemed to get in on the action and the number of options available to order through

FTSE 100 ends week 1.7% up as investors look to positives from Biden US infrastructure deal

The UK's FTSE 100 gained strength through the afternoon session on Friday to end up on the day and finish the week around 1.7% higher.At the close, the UK benchmark index was 26.10 points, or 0.4% higher at 7,136.07, just below the day's peak of 7,139.08 and well above the session low of 7,109.79.On Wall Street around London's close, the Dow Jones Industrials Average was 234 points, or 0.7% higher

FTSE 100's head just above water as investors eye US rally on Biden infrastructure deal

The UK's FTSE 100 managed to keep its head just above water in early afternoon trade on a typically dead Friday for corporate news. At 12.30pm, the benchmark index had clung on to single-digit gains - about 0.12% - to trade at 7,118.84, putting the blue-chips firmly on track to end the week around 1.5% ahead.Tantalising investors more is the expectation of an active session on Wall Street when the
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