UK Market News: The London markets traded in a red zone due to bond market selloff. FTSE 100 traded lower by around 1.60%, as rising bond yields increased the fears of higher interest rates.
Britain’s Pets at Home had raised the annual underlying pre-tax profit guidance for the third time in the last six months. Moreover, the business was boosted by increasing product demands during the Covid-19 pandemic. Meanwhile, the shares jumped by around 5.33%.