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Evening Standard

City Staff

FTSE 100 Live: Tech stocks hit by US rates talk, Next and B&M boost profits guidance, Greggs boss to retire

London's strong start to trading in 2022 was halted today as investors reacted to the prospect of US interest rates rising as soon as March.

Wall Street markets fell sharply and the FTSE 100 index is 1% lower after the release of meeting minutes from the Federal Reserve suggested rates could rise “relatively soon”.

The sell-off overshadowed another strong trading performance from Next, with the fashion chain upgrading its profits guidance on the back of a strong Christmas trading.

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