Fishy business: Salmon farmers accused of inflating prices in new £382m class action June 24, 2024 Six of the world’s top salmon producers have been hit legal action in the UK over alleged collusion and unlawful price-fixing of its Atlantic farmed product
Week ahead: US inflation data could bolster case for Fed rate cut in September June 23, 2024 The US Federal Reserve's preferred measure of inflation is expected to show its coolest monthly reading since late 2023, offering hope that policymakers could start lowering interest rates in September.
FTSE 100 today: British stocks poised for decline if UK May inflation surprises to the upside June 19, 2024 Asian markets surged with Wall Street hitting record highs. Focus on UK May inflation and the Bank of England policy decision.
Bank of England to hold rates even as inflation looks set to fall to two per cent June 16, 2024 The rate-setting Monetary Policy Committee (MPC) left the door open for a June cut at its last meeting in May, but since then a number of data releases have pointed to stubborn inflationary pressures.
Small business confidence slumps amid rising rates and stubborn inflation July 26, 2023 Confidence among small businesses slumped in the second quarter as the impact of rising rates and a stalling economy hit SMEs. The Federation of Small Business’s (FSB) Small Business Index fell to minus 14.2 points in the second quarter, down 11.4 points in the first quarter of the year. The fall in confidence reflects the [...]
Britain still on track to dodge a recession this year but inflation returns May 23, 2023 Britain is still on track to avoid a recession in 2023 driven by consumer spending holding up amid a tough cost of living crisis, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s composite purchasing managers’ index (PMI) for May hit 53.9 points. While the number was [...]
Should we be paying more attention to the money supply in fight against inflation? October 2, 2023 The surge in inflation over the past few years caught most central banks and many economists by surprise.
Week ahead: Vodafone, BT and Burberry earnings in focus as crucial US inflation reading looms May 12, 2024 Earnings from Vodafone, BT and Burberry take centre stage in the City's corporate diary this week, alongside a crucial inflation reading across the pond that could put the brakes on the FTSE 100’s record rally.
Mortgage lending growth set to double next year as inflation eases and rate cuts loom May 9, 2024 UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.
Why lower inflation should cause the Bank of England to tread carefully July 19, 2023 And breathe. The City and Bank of England have waited a long, long time for the Office for National Statistics to provide some good inflation news. Headline consumer price index inflation down to 7.9 per cent. Core inflation below seven per cent. Services inflation lower at 7.2 per cent. It is the first time that [...]