Stocks in London are expected to open lower as investors consider the latest remarks from the US Federal Reserve. The Fed is making progress in its fight against inflation, but opinions differ on the chances of another interest rate hike [626cdb32]. Former UK foreign secretary William Hague has expressed concern over the sale of the Daily Telegraph to a UAE-based investment fund [626cdb32]. Hargreaves Lansdown has named Alison Platt as its new chair, replacing Deanna Oppenheimer [626cdb32]. Pennon Group reported a drop in interim profit but raised its dividend [626cdb32]. Charlie Munger, longtime business partner of Warren Buffett, has died at the age of 99 [626cdb32]. Inkjet printing technology firm Xaar expects weaker demand and lower revenue due to challenging trading conditions [626cdb32]. The UK Competition & Markets Authority will review competition in the groceries sector and examine the dynamics in the baby formula market [626cdb32].