FTSE 100 was down slightly, losing 4 points to 7,513, as UK consumer price inflation hit 9% in April, the highest level since 1982.
The government warned petrol retailers to pass the fuel duty cut onto consumers with the regulator monitoring the situation. This comes as diesel prices reached a record high on Monday.
Netflix laid off 150 workers just a month after it reported a first fall in subscriber numbers in a decade. This accounts for 2% of its North American workforce.
Elsewhere, Argo Blockchain reported a 14% increase in first-quarter earnings. The cryptocurrency miner also increased its mining hashrate and prepared to begin operations at the Helios facility in Texas, which opened this month.
Open Orphan said its hVIVO subsidiary landed an influenza challenge study. The study will be conducted with one cohort receiving the active treatment, while the other half will be administered a placebo.
Eurasia Mining named Artem Matyushok as an independent non-executive director. Matuyshok is experienced in M&A, and the company hopes his appointment will speed up the process of selling its Russian assets.
