Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut.
Meanwhile, profits surged at M&S in the latest sign of its recovery, while British Land and Severn Trent also reported their results.
There was also a fresh twist in the bid saga over Anglo American, as it rejected a £38 billion offer from BHP but said it would continue to engage with the Australian giant.
