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Kingfisher flies but FTSE 100 loses early gains
['Tue', 'Sept', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Worries over economic growth and inflation overshadowed strong results from Kingfisher (Philip Toscano/PA) (PA Archive)Blue chips in London faded into the close on Tuesday, ending little changed, as worries over economic growth and inflation overshadowed strong results from Kingfisher.
The FTSE 100 Index closed down just 3.36 points at 9,223.32.
The FTSE 250 ended 98.42 points higher, 0.5%, at 21,695.35, and the AIM All-Share closed up 3.72 points, 0.5%, at 781.25.
The Organisation for Economic Co-operation & Development (OECD) forecast UK inflation will reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast, and the highest in the G7.
Economists at Barclays said the report points to a broad-based weakening in private sector activity at the end of the third quarter.
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