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UK stocks mixed as inflation rose and growth slowed, with Kingfisher surging on strong profits.
UK stocks ended mixed on Tuesday, with the FTSE 100 fluctuating around 9,225 amid weak economic data, including a drop in the composite PMI to 51.0 and manufacturing output falling to a five-month low.
Despite broader concerns over inflation and growth, Kingfisher surged 15–18% on strong profits and upgraded guidance, while Smiths Group rose on solid earnings.
Other firms like Land Securities and Tap Global also gained, but Raspberry Pi fell after a profit drop.
The OECD raised the UK’s 2025 inflation forecast to 3.5%, the highest in the G7, while projecting modest growth.
The pound strengthened slightly, and European markets edged higher.
Las acciones del Reino Unido se mezclaron a medida que la inflación aumentó y el crecimiento se desaceleró, con Kingfisher en alza con fuertes ganancias.