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Evening Standard

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City Staff

FTSE 100 Live: BT shares fall on Ofcom ruling, wages update boosts interest rate outlook, US inflation at 3.1%

Ofcom BT Group Hargreaves Lansdown

Regulatory scrutiny heaped pressure on the share prices of BT Group and Hargreaves Lansdown in the FTSE 100 index today.

The selling came as Ofcom proposed a ban on inflation-linked mid-contract price rises and the FCA sent a warning to investment platforms about interest on cash balances.

The focus on interest rates also continued after jobs and wages numbers avoided any nasty surprises ahead of Thursday’s Bank of England policy decision.

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