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Morning in the City: Live updates as inflation drops, results from Aviva and M&S

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Alfa Financial Software said it continues to expect mid to high single digit revenue growth for the full year.
Alfa Financial Software said it continues to expect mid to high single digit revenue growth for the full year.

Welcome to City PM’s live blog on Wednesday 24 May as the latest inflation figures are released, and there are results from Aviva and M&S.

What you need to know this morning:

  • Bank of England likely to raise rates again after inflation figures.
  • Inflation has dropped to 8.7 per cent
  • Marks and Spencers report nearly 10 per cent revenue increase
  • Aviva’s strong start: Sales rise eleven per cent
  • Bank bombshell: CMA finds traders at five banks shared intel on UK bond sales