9 June 2021 | 12:01pm
StockMarketWire.com - Rising inflation in China and nervousness ahead of the latest US consumer price data out tomorrow helped put the FTSE 100 on the back foot on Wednesday, down 0.5% to 7,058.35.
Aerospace engineer Rolls-Royce added 0.2% to 111.6p on confirming that chairman Ian Davis would retire at the end of September after nearly nine years in the role.
Davis would be replaced by Anita Frew, who was currently chairman of chemicals company Croda and a non-executive director of miner BHP.
Convenience store group SSP dropped 2.8% to 299.54p, having posted a £300 million first-half loss after the pandemic reduced footfall at travel hubs.
Urban Logistics REIT has posted a rise in both net asset value (NAV) and profit in the year to 31 March as warehouse space continued to boom during the Covid-19 pandemic as consumers flocked to online retailers.