The FTSE 100 continued to reverse in a busy morning for company updates, despite grocery inflation falling to a two-year low.
The UK’s blue-chip index slipped 0.2%, or 14 points, to 7,902, retreating further from the record highs it neared last week.
There was good news for consumers as Kantar data showed the annual rise in supermarket prices slowed to 4.5% last month, down from 5.2% in January. However, a quarter of British households state they are still struggling financially, according to Kantar analysts.