FTSE LIVE: Inflation edges up to 2.1%; Sports Direct auditor quits following results debacle; Drugs firm to pay NHS £8m; German economy shrinks
- Stock markets rallied on news US would hold-off on new tariffs until December
- Grant Thornton is quitting its role as Sports Direct auditor, the firm said today
- Aspen will pay the NHS £8m after the CMA suspected it broke competition rules
Stock markets in Europe and the US rallied yesterday on the news the Trump administration would hold-off on introducing new tariffs on some goods until December.
Grant Thornton is set to step down as Sports Direct’s auditors, ending a 12-year partnership. The break-up comes weeks after the release of Sports Direct’s annual results was delayed due to a £624million tax claim.
And the NHS will receive £8million on the back of an investigation by the competition watchdog, which found that drugs firm Aspen may have paid two of its rivals to stay out of the market.
At the open: UK stocks are in the green after the bell, up 0.2 per cent at 7,262.91