ECB holds interest rates steady again but signals a cut is on the way April 11, 2024 Inflation in the eurozone is fast approaching the two per cent target. 'Flash' figures out earlier this month showed that inflation fell to 2.4 per cent in March, below market expectations.
Square Mile and Me: Dan Moczulski on Etoro, interview faux pas and meeting his hero April 11, 2024 Dan Moczulski managing director at Etoro UK, takes us through his career, from faux pas to meeting his hero.
Has Tesco benefited from people trading down? April 10, 2024 Britain’s largest supermarket Tesco made a profit of £2.8bn - up £300m on the prior years figure - as the grocer said a slew of price cuts helped attract customers.
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut April 10, 2024 The figures come amid a growing debate about the timing of the Fed's first interest rate cuts. Markets have steadily pushed back the timing of the first cut, reflecting stubborn inflation.
Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.
Euro inflation falls faster than expected as markets look for clues on interest rate cuts April 3, 2024 The ECB left interest rates on hold at its March meeting, warning that price pressures remain high "owing to strong growth in wages".
Hilton Foods returns to the black as seafood wing recovers and inflation moderates April 3, 2024 Meat packer Hilton Foods said recovery of its seafood wing and a new deal with Walmart in Canada has helped drive growth for the year.
Services inflation to ‘cool significantly’ paving the way for June interest rate cut April 2, 2024 Falling energy prices will help services inflation to "cool significantly" in the months ahead, paving the way for the Bank of England to start cutting interest rates in June, analysts at Goldman Sachs said.