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SHOP price inflation accelerated in August at its fastest rate since February 1992, the CBI revealed yesterday, raising the ugly spectre of persistently rising prices and creating even more of a headache for the Bank of England. In its August distributive trades survey, the business lobby reported that a net 58 per cent of firms [...]
FALLING fuel prices helped annual inflation to ease in June for the second month in a row but core inflation, which excludes energy and food costs, worrying rose last month, official data showed yesterday. The Office for National Statistics (ONS) revealed the consumer prices index (CPI) eased to 3.2 per cent last month from 3.4 [...]
FALLING food and petrol prices dampened inflationary pressures last month and caused the consumer prices index (CPI) to retreat from its 17-month April high to an annual rate of 3.4 per cent in May. The Office for National Statistics (ONS) said that the largest downward contribution to the change in the CPI annual rate came [...]
THE consumer staples sector is usually considered fairly robust. The types of goods it produces – alcohol, food and household products –?tend to be immune to fluctuations in earnings and during periods of economic uncertainty should continue to perform relatively well. But that was not the case during the second quarter. While 71 per cent [...]
THE FTSE 100 closed 63 points up at 5,565.5 points yesterday, rallying to a four-month high. Good banking and mining figures drove it upwards and a clear momentum emerged. While the upturn is indisputable, the jury is out on how long it will last. The index is out on a limb and opinion is split [...]
FINANCIAL TIMES SOROS SET TO BUY STAKE IN BOMBAY EXCHANGE George Soros, the billionaire investor, is in final talks to buy Dubai Holding’s 4 per cent stake in the Bombay Stock Exchange, as foreign investor interest in India’s fast-growing financial markets rises, people close to the matter said. Soros Fund Management is planning to pay [...]
CARNIVAL Cruise operator Carnival’s full year results were ahead of market expectations and Charles Stanley expects yields to continue to recover with the US economy in 2010. It believes cruising remains a structural growth industry with good prospects for growth in Europe and Asia. Booking and occupancy levels remain strong, it said. J SAINSBURY Shore [...]
IT was a timely reminder that action is desperately required to tackle Britain’s out of control budget deficit. At 9:30 yesterday morning, a full three hours before George Osborne got up to deliver his spending review to the House of Commons, the latest monthly budget deficit figures popped up on traders’ screens across the City. [...]
THERE have been far too many cases of rewards for failure in corporate Britain in recent years. It must become easier and cheaper to sack bosses who fail to deliver. There are tentative signs, however, that shareholders and boards are becoming better at controlling CEOs. It is also vital that successful bosses should be rewarded [...]
NEW chancellor George Osborne yesterday called on the Bank of England to accelerate plans to reintroduce house prices into the benchmark rate of inflation, after the housing-linked index in April recorded its biggest monthly increase in two decades. The consumer price index (CPI) – the official inflation measure which does not currently take housing into [...]
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