FTSE 100 Live: UK inflation falls to 6.8%; Aviva, Admiral post results

Inflation in the UK fell to 6.8%, the lowest level since February 2022. The drop of  more than 1 percentage point was expected by economists, and was in large part due to  the lower energy price cap coming into effect from July. Core inflation, which strips out food and energy price rises to get a better picture of domestic price pressures, was unchanged, at 6.9% and close to 30-year highs.