UK inflation the highest in three decades amid tightening cost of living

The Market Report with Katie Pilbeam.

Markets continue to creep higher as the threat of conflict in Ukraine appeared to subside.
Meanwhile UK inflation rises again after hitting a 30 year high with higher clothing and footwear prices continuing to push living costs up.

Consumer prices surged by 5.5% with costs of energy, fuel and food continue to rise and now outpacing wage growth according to the ONS.

AstraZeneca shares rose after the pharmaceutical giant reported positive results from a late-stage trial of its PROState cancer drug. Their treatment delayed the risk of disease progression by more than eight months and allowed patients to maintain their quality of life.

Cobra Resources PLC (LSE:COBR) advancing the Wudinna gold project in South Australia, said it raised gross proceeds of about £945,000 from a placing this week. 

Primary Health Properties PLC (LSE:PHP) chief executive Harry Hyman hailed 'another strong year’ as the company delivered progress across all financial metrics.

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) described a ‘transformational’ year as it released its final results statement for the twelve months ended June 30 2021. In the period it completed the project’s first drill programme, encountered proof of helium in the system and gathered key data points.

Shanta Gold Ltd announced “outstanding” results from further drilling on its Isulu and Bushiangala deposits and encouraging results from its new Ramula target all within its West Kenya project.

And finally, Britain's bankers will receive their biggest bonuses since before the 2008 global financial crisis. The big four banks – HSBC PLC (LSE:HSBA), Barclays PLC (LSE:BARC), Lloyds Banking Group PLC and NatWest Group PLC (LSE:NWG) – are expected to pay out bonuses of more than £4bn in total, according to the Guardian.