An initial boost for the FTSE 100 has faded, losing gains seen earlier after positive comments on China’s economy by Premier Li Qiang.
Fintech unicorn Wise reported a tripling of profits before its top two executives step aside, while JD Sports reported strong performance on the UK high street but disappointing North American sales.
Short-dated gilt yields hit yet another 15-year high, with the two-year gilt yielding 5.18%.
