Why economists might be underestimating the UK economy April 3, 2024 French argues that "household balance sheets have never been healthier," a point which he argues the consensus is underestimating.
Waitrose slashes prices in bid to win over middle class shoppers from Marks and Spencer April 3, 2024 Waitrose is cutting prices for the fifth time in over a year as it battles Marks and Spencer as the favoured grocery spot of middle class shoppers.
Three reasons why the gold price is hitting new highs April 3, 2024 Investors and governments are all too wary of another fallout akin to when Vladimir Putin first invaded Ukraine two years ago
Taiwan earthquake: Strongest in 25 years causes buildings to collapse and a small tsunami April 3, 2024 The quake, which Taiwan’s earthquake monitoring agency measured at a magnitude 7.2 on the Richter scale, damaged buildings and caused a small tsunami.
Government debt sells off after Easter as higher-for-longer interest rate fears resurface April 3, 2024 "European bonds dropped, tracking the previous day’s selloff in Treasuries, as traders priced the possibility of fewer interest-rate cuts from the Fed," analysts at Liberum noted.
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.
Topps Tiles blames lower footfall and weak spending for sales slump April 3, 2024 Topps Tiles has blamed lower footfall in stores and a slowdown in spending on big ticket items for a slide in sales in the first half of the year.
FTSE 100 today: London markets to open red as Fed rate-cut odds dwindle, spurring global decline April 3, 2024 Asian shares mirrored Wall Street's decline, while gold reached a record high and oil prices rose. China's services sector experienced accelerated growth. Taiwan was hit by its strongest earthquake in almost 25 years. Investors awaited Fed Chair Jerome Powell's speech and the release of the US Services PMI data.
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.