Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Keir Starmer: Major UK business chiefs back Labour leader May 16, 2024 Keir Starmer has secured the backing of top business leaders, with the Boots boss and chief executive of housing developer Thakeham endorsing his party today. Their support was unveiled at a rally-style campaign event which saw the Labour leader and his shadow cabinet announce his six pledges which they call their “first steps for change”. [...]
United Utilities: Water firm found to be the most polluting in England hikes dividend May 16, 2024 United Utilities, the water company for the North West of England, has pointed to its robust finances as being behind an uptick in revenue and operating profit in its final results that also included substantial falls in profit after tax and earnings per share.
‘Blatantly unfair’: Supermarkets still jacking up petrol prices, minister warned May 16, 2024 Supermarket retailers in the UK are still jacking up prices at the pumps despite months passing since the government pledged to intervene.
Warnings rental reform could disincentivise landlords as bill returns to House of Lords May 16, 2024 Peers have been warned government moves to bring in rental reform risk making it “less attractive” to be a landlord.
FTSE 100 today: London markets set to surge, riding global rally fuelled by US inflation relief May 16, 2024 Asian stocks echoed Wall Street's optimism on Fed rate cuts. Oil and gold surged, eyes on US Philly Fed Index, BT Group, Walmart earnings.
Memo to Sunak and Reeves: you can’t have security without prosperity May 16, 2024 Both Rachel Reeves and Rishi Sunak want to frame the next election around the question of who will make you safer, but both are missing the point
Keir Starmer to launch Labour ‘down payment for change’ pre-election offer May 16, 2024 Keir Starmer will today launch Labour’s “down payment for change” in a pre-election doorstep offer to voters.
Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change May 15, 2024 The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.
Relief as US inflation finally comes in below expectations May 15, 2024 Stubborn inflation at the start of the year has forced markets to reconsider when the Fed is likely to start cutting interest rates.