Antofagasta sinks (Il Sole 24 Ore Radiocor) - London, 17 Jul - Shares in London closed higher after data showed that inflation continued to ease, reaching the Bank of England's 2% target last month.

According to data released by the Office for National Statistics, UK inflation came in at 2% on an annual basis in June. The figure was however slightly higher than the forecast 1.9% and make an August rate cut by the BoE less likely.

UK-centric shares were the most penalised with JD Sports losing 1.73% at 116.65 pence and Next closing 1.26% lower at 8,956.00 pence.

Among individual stocks, Antofagasta lost 6.11% at 1,998.00 pence after the miner lowered its guidance for the year.

The London FTSE 100 closed up 0.28% at 8,187.46 points.

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(RADIOCOR) 17-07-24 19:08:04 (0653) 5 NNNN