FTSE 100 Edges Lower as Stocks Remain Vulnerable to Inflation Fears0833 GMT - The FTSE 100 index falls 0.2% to 7587.64, trimming gains shortly after the open as traders remain nervous about rising inflation, prospects of higher interest rates and weak economic growth. Any gains in equities are "vulnerable to inflation fears, geopolitical tensions, and the positive pressure on energy prices," Swissquote Bank analyst Ipek Ozkardeskaya says in a note. ---Parsley Box Revises 2022 Guidance Amid Challenging Macroeconomic EnvironmentParsley Box Group PLC said Wednesday that it has revised its expectations for 2022 due to the challenging macroeconomic environment. ---Tullow Oil, Capricorn Energy Agree to MergeTullow Oil PLC said Wednesday that it has agreed to merge with Capricorn Energy PLC. ---Orchard Funding Group Upgrades 2022 Profit ViewsOrchard Funding Group PLC said Wednesday that performance in fiscal 2022 was stronger than expected and upgraded its profit expectations.

Source: Wall Street Journal June 01, 2022 09:31 UTC