FTSE 100 retreats on mixed inflation data; AstraZeneca declines in early trade - Market Report

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London's FTSE 100 fell as mixed inflation data left analysts expecting the Bank of England to hold interest rates steady at tomorrow's meeting. In opening trade, the FTSE fell about a fifth of a percent to 8,172. While the consumer price index retreated to 2% in May from 2.3% in April, core inflation registered at 3.5% and services inflation came in at 5.7% for the month. In company news, one of the morning's big fallers is AstraZeneca, which declined 1.8%. Yesterday it revealed that a breast cancer drug combination failed in late-stage trials. Berkeley Group Holdings retreated by 1% even though its final results showed higher profits than expected. Meanwhile, Vodafone Group added 1% after it sold down its stake in Indian mobile towers group Indus Towers. Vodafone, which retains a 3.1% stake in Indus, says it will use the cash to repay outstanding debt secured against its Indian assets. And Warhammer tabletop games maker Games Workshop Group jumped 7% after it gave a year end-update, saying revenue grew 10% and profit before tax should be up 17% or more. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #cpi #boe #inflation #astrazeneca #berkeleygroupholdings #vodafone #gamesworkshop #warhammer #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews