The FTSE 100 and European stock market have bounced back after early morning losses following the latest UK jobs data that showed wage growth is still lagging far behind inflation.
In London, the blue-chip index saw money transfer company Wise (WISE.L) jump 14.7% after providing its trading update.
Cybersecurity firm Darktrace (DARK.L) added 4.1% after it raised its full-year profit margin forecast on the back of steady customer growth.
Made.com (MADE.L) slumped 45% after it slashed its sales and earnings guidance for 2022.
Shares in Hotel Chocolat (HOTC.L), the high-end chocolatier, crashed 44% after it warned on profits and scaled back its plans for global expansion.
The UK's unemployment rate held at 3.8% in the three months to May and the number of people in work rose by the most since the middle of 2021.
But the big concern is that the higher wages paid by the private sector will serve to entrench inflation, while the small pay rises witnessed in the public sector in the face of soaring prices will continue to stoke industrial tensions," Laith Khalaf, head of investment analysis, AJ Bell, said.
Meanwhile, oil prices appear to have stabilised, with Brent crude (BZ=F) hovering around $105 a barrel after Monday’s rally.
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