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FTSE falls slightly after UK inflation figures | 17 February 2021


17 February 2021 | 12:02pm
StockMarketWire.com - The FTSE 100 dipped 0.14% to 6,739.27 on Wednesday as a higher-than-expected reading of UK inflation stoked some fears over rising prices.
In the US futures markets suggested a similarly tepid feel to trading on Wall Street, with retail sales data scheduled to be released.
British American Tobacco dropped 4% to £26.38, even as it reported a rise in annual profit, citing strength at its vaping business.
The tobacco giant upped its dividend 2.5% to 215.6, while guiding for 3-5% constant-currency revenue growth in 2021 and mid-single-digit percentage earnings growth reflecting continued Covid-19 impacts .
Fellow tobacco company Imperial Brands slipped 1.1% to £14.97 on announcing that chief financial officer Oliver Tant would stand down by no later than August. ....

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