BUSINESS LIVE: CPI returns to 2%; Berkeley ups guidance; Vodafone raises £1.4bn

Consumer price inflation returned to the Bank of England’s target of 2 per cent last month for the first time in almost three years, fresh Office for National Statistics data shows. 

The reading, which was down from 2.3 per cent in April, was in-line with expectations and will put pressure on the BoE to cut interest rates at its upcoming Monetary Policy Committee meeting. 

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Berkeley Group, Young & Co’s Brewery, Vodafone and Speedy Hire. Read the Wednesday 19 June Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live