Warburtons the baker increased its pre-tax profits by 4.9 per cent to £34.6m in the year to October 2016, despite a 4.6 per cent decrease in sales.
New products, like its "giant crumpets", helped.. City A.M.
Election-induced uncertainty means the Bank of England is highly unlikely to make any changes whatsoever to monetary policy at tomorrow’s midday announcement, with City A.M.’s shadow monetary.. City A.M.
The fall in the value of the pound since last year’s Brexit vote has contributed to a jump in UK inflation, reaching its highest annual rate for four years. It rose to 2.9 percent last month, up from.. Source: Euronews English -
Unemployment in the UK dropped to its lowest level in nearly 42 years between January and March but at the same time workers saw their real earnings fall for the first time in two and a half years. The.. Source: Euronews English -
British inflation rose to its highest level since September 2013 last month, according to official data that underlined a growing squeeze on households ahead of the June 8 national election. As Ivor.. Source: Rumble -
Inflation in Britain has hit its highest level in three and a half years. It was driven up by more expensive clothing and energy as well as pricier air fares over the Easter holiday. The consumer price.. Source: Euronews English -
May.16 -- U.K. Inflation topped expectations in April, as consumer prices rose 2.7 percent from a year earlier on air fares, clothing, and energy. Kamal Sharma, director of G10 FX strategy speaks with.. Source: Bloomberg Global Business -
With last Friday's "tech wreck" now a distant memory, this morning the "FOMC Drift" described yesterday, which "guarantees" higher stock prices and a lower dollar heading into the Fed announcement is.. Zero Hedge
As UK inflation reaches 2.9 per cent, should the MPC HIKE or HOLD interest rates?
*HIKE – Andrew Sentance, senior economic advisor at PwC.*
This is the third major surge in inflation since the.. City A.M.
The New Zealand dollar fell from a three-month high against the pound after stronger-than-expected UK inflation weakened the case for further Bank of England rate cuts and was little changed against.. New Zealand Herald
UK inflation accelerated unexpectedly to the highest level in four years as the weakness in the sterling since the 'Brexit' vote made imports expensive. Inflation rose to 2.9 percent in May from 2.7.. RTTNews
As the Fed begins its two-day meeting, global stocks have recovered their footing and European shares rise, led by a bounce in tech stocks as last Friday's global selloff that started in the sector.. Zero Hedge
Here is what you need to know.
*The tech sell-off looks as if it's abating. *The tech-heavy Nasdaq 100 is on track to open higher by 0.3% on Tuesday. It has lost about 3% over the past two.. Business Insider
BRUSSELS (dpa-AFX) - The British pound strengthened against the other major currencies in the early European session on Tuesday, after data showed that U.K. inflation accelerated unexpectedly in M... FinanzNachrichten.de Also reported by •RTTNews
LONDON (dpa-AFX) - UK inflation accelerated unexpectedly in May and factory gate prices continued to increase, figures from the Office for National Statistics showed Tuesday.Inflation rose to 2.9 ... FinanzNachrichten.de Also reported by •RTE.ie