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Europe midday: Shares lower as EZ inflation falls; Accelleron spikes on guidance
European shares opened lower on Wednesday as investors digested the latest UK inflation figures which came in slightly higher than forecast, dampening hopes of a rate cut from the Bank of England, while shares in Danish hearing aid company Demant tanked after a profit warning.
EZ June inflation confirmed at 2.5%
Inflation in the eurozone fell to 2. 5% in June from 2. 6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday.
Europe open: Shares fall as UK inflation unchanged; Demant tanks on warning
European shares opened lower on Wednesday as investors digested the latest UK inflation figures which came in slightly higher than forecast, dampening hopes of a rate cut from the Bank of England, while shares in Danish hearing aid company Demant tanked after a profit warning.
Rio Tinto appoints National Grid's Katie Jackson to head copper unit
Rio Tinto has appointed Katie Jackson from National Grid to lead its copper business, succeeding Bold Baatar who is moving up to become chief commercial officer at the mining giant later this year.
Reckitt Benckiser sees sales hit as US facility knocked out by tornado
Multinational consumer goods group Reckitt Benckiser on Wednesday forecast a short-term hit to sales in the US after a said a key warehouse for its Mead Johnson Nutrition business was put out of action by a tornado on July 9 which caused "significant" damage.