Bank of England’s top economist Huw Pill ‘uncomfortable’ with persistence of inflation July 10, 2024 In a speech delivered at Asia House in London, Pill said that recent pieces of economic data pointed towards some "upside risks to my assessment of inflation persistence".
Krispy Kreme: Doughnut chain hikes UK prices as it eyes expansion July 10, 2024 The UK arm of Krispy Kreme is looking to open new locations after increasing its prices in a bid to combat the rise in costs, newly-filed documents have revealed.
Roman: Retailer behind viral dress that ‘broke the internet’ posts record sales July 10, 2024 Roman, the clothing retailer behind a viral dress that in 2015 ignited an international debate over its colour, has seen record sales as its post-pandemic comeback continues.
Moto raises prices to battle inflation as motorway service station giant’s owners mull £2bn sale July 10, 2024 Motorway service station giant Moto upped its prices to help battle the rise in costs during its latest financial year as its owners weigh up putting the company up for sale for £2bn.
Labour has secured a resounding win – now the real challenges start July 10, 2024 As the now-Prime Minister and his advisors will be painfully aware, if he wants to secure a successful first term, the time to act is now.
Business confidence rises to highest level in two years but concerns over costs remain July 10, 2024 "These figures suggest that businesses shrugged off any distraction caused by the general election, as lower inflation and stronger expected sales growth drove an encouraging uptick in confidence in the second quarter," Suren Thiru, ICAEW economics director, said.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
China’s CPI inflation at three-month low in June, spurring economic stimulus talks July 10, 2024 China's consumer price inflation slowed to a three-month low in June, while producer prices remained in deflationary territory.
Fed’s Powell: Commercial property stress may last years July 9, 2024 The weakness in the commercial property sector may last years, Federal Reserve chair Jerome Powell has warned.
Reeves will be more hands on with the economy than the last Chancellor July 9, 2024 Reeves's endorsement for adopting an industrial strategy is a radical break from the past, Chris Dorrell writes