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The FTSE 100 saw a slight decline on Tuesday as investors eagerly awaited economic data and remarks from Bank of England Governor Andrew Bailey. Despite the overall dip, precious metal miners helped moderate the losses. Mid-cap FTSE 250 experienced a 0.3% increase. Market focus is on possible interest rate cuts hinted at by the BoE.
Persimmon saw its share price dip on Tuesday, after it was flagged as a potential buyer of rival housebuilder Cala.
London stocks were still a little weaker by midday on Tuesday, as investors mulled the latest shop price inflation data.
London close: Stocks slip after hawkish Fedspeak | Financial News
British housebuilder Persimmon PLC is considering a GBP1 billion takeover of Cala Group, Sky News reported on Saturday. Persimmon is mulling an offer for Cala, which builds homes across Scotland, the...