StockMarketWire.com - UK stocks pared some gains as data showed UK inflation in May rose to 2.1%, above the Bank of England's 2% target, but focus quickly shifted to the upcoming the Federal Reserve decision due later in the day.

At 09:10, the FTSE 100 was up 0.15% to 7,182.95, just below its high of the session so far this morning of 7,217.54.

Alpha Global Alpha said it had signed a definitive agreement to acquire a majority ownership stake in corporate social responsibility company software company CyberGrants, with an investment of up to $13.9 million. Alpha Global Alpha is flat at 195.17 pence.

Iron casting and machining group Castings reported a sharp decline in annual profit as revenue was hurt by the pandemic impact and supply chain issues. Casting was down 1.02% to 392.96 pence.

Commercial kitchen services business Filta said the recovery of its business in the UK wouldn't be impacted by the government's decision to delay the full reopening by four weeks to July. Filta was up nearly 4% to 186.00 pence.

Consultancy firm Elixirr International upgraded its outlook on performance after revenue jumped in the first five of 2021, by more than 75% compared with the same period in 2020. Elixirr was up 6.1% to 578.20 pence.

Recruitment software and services company Dillistone said it expected to report 'significantly reduced' losses in 2021 amid signs of return to normal in several of its markets. Dillistone was flat at 22 pence.

Leading owner and operator of business parks, offices and industrial complexes in Germany, Sirius Real Estate, has issued its first corporate bonds, rising a total of €350 million. Sirius Real Estate was down 0.80% to 103.8 pence.

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