UK inflation steady in January; Uber to buy back $7bn in shares after first profit – as it happened

Live coverage of business, economics and financial markets as the UK consumer price index sticks at 4%, below economists' 4.2% forecast

• UK inflation remains unchanged at 4%

The FTSE 100 has opened up 0.5%, possibly helped by a weaker pound after the inflation data.

London's blue-chip index has also been helped by strong figures from Coca-Cola Hellenic Bottling Company, a distributor of the soft drink which is up 5% in the opening trades.

EUROPE'S STOXX 600 FLAT

FRANCE'S CAC 40 DOWN 0.2%, SPAIN'S IBEX UP 0.2%

EURO STOXX INDEX DOWN 0.1%

EURO ZONE BLUE CHIPS DOWN 0.2%

GERMANY'S DA FLAT