The index was down 0.3% this morning after a lower close on Wall Street due to Powell’s comments.

Legal & General Group posted a higher-than-expected operating profit for 2022 and said it is on track to deliver its five-year strategic ambitions. However, this was not enough to convince investors, since the stock fell 2.0%.

Tullow Oil was down 0.8% after it unveiled a net profit for 2022 on the back of rising revenues, but missed expectations.

 

Things to read today:

Is the UK really becoming ‘Death Valley’ for global tech? (Financial Times)

Global Investors Contemplate Fallout From US Rates Reaching 6% (Bloomberg)

US has ‘long way to go’ to reduce inflation, Fed chair tells Congress (The Guardian)