FTSE down 1.2% as inflation fears bite | 19 May 2021 : vimar

FTSE down 1.2% as inflation fears bite | 19 May 2021


19 May 2021 | 16:36pm
StockMarketWire.com - Global inflation worries, with UK consumer prices rising faster than expected in April, kept markets on the back foot on Wednesday with the FTSE 100 closing down 1.2% to 6,950.20.
By 4.30pm UK time the US S&P 500 index was 1% lower at 4,084.86.
Premier Foods dipped 0.2% to 102.2p, having declared a dividend for the first time in 13 years after its annual profit more than doubled.
The maker of Mr Kipling cakes and Bisto gravy enjoyed high demand for groceries during lockdowns that helped it reduce a large debt pile. It recommended a final dividend of 1p per share.
Specialist media group Future rallied 11.5% to £26.70 as it forecast full-year results 'materially' ahead of market expectations, after its first-half profit more than doubled.

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