The performance of U.K. stocks was slightly subdued on Tuesday due to the anticipation of upcoming inflation figures set to be released on Wednesday. Investors were also keeping an eye on global market indicators and Thursday's decision from the Bank of England, as well as Friday's retail sales report. The FTSE 100, the country's benchmark stock index, was marginally down at 7,717 after ending the previous session with a slight downturn.
Trustpilot Group, a popular online platform bridging businesses and consumers, exhibited strong performance with a jump of 5 percent. The company's rise is credited to its yearly losses being narrower than expected due to increased revenues.
Consumer goods giant Unilever saw a nearly 4 percent rise in its stock. This follows the company's announcement of plans to divest from its Ice Cream division, and the initiation of a robust productivity program. The initiative is targeted at accelerating growth and enhancing profit margins.
Meanwhile, the recruitment firm SThree reported a decrease of 1.3 percent. The company stated the job market had been "challenging" in the first few months of 2024. Close Brothers, on a more positive note, witnessed an 11 percent increase after announcing a £400 million plan to strengthen its capital position.
Alcoholic beverage provider, Diageo, experienced a 1.2 percent drop after statements that Sir John Manzoni, a non-executive director, would take over as Chair of the Board on February 5, 2025. This transition will follow the retirement of current Chair Javier Ferrán from the Board.
