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The FTSE 100 rose 0.3% on Wednesday after falling 0.4% in the previous session, as easing oil prices supported sentiment despite a fresh rise in UK inflation. Consumer prices increased 3.1% year-on-year in August, up from 2.9% in July and matching market expectations, although above the Bank of England’s 2.8% forecast.
The FTSE 100 closed higher for a third straight session, led by gains in mining and energy stocks, while JD Sports plunged more than 14% after cutting its profit outlook.
Oil prices decline as Europe heatwave intensifies and tech sector volatility continues