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Sky News
The government is taking credit for the inflation rate fall – should it?
From its 40-year high of 11.1% in October 2022, the headline rate of inflation – the consumer prices index (CPI) – is back within touching distance of the Bank of England’s 2% target rate.The government, naturally, will seek to take credit for it. Rishi Sunak, after all, promised to halve inflation last year and was …
Business
Euro News
Previewing Nvidia’s First-Quarter Earnings: What to expect?
Business
Euro News
Von der Leyen spars with rivals on EU budget and Chinese trade war
Business
Sky News
‘Come clean’: Post Office victim’s plea to ex-boss Vennells at inquiry
A victim of the Post Office Horizon scandal has told Sky News that ex-boss Paula Vennells must “come clean” in her evidence to the statutory inquiry.Chirag Sidhpura, a former sub-postmaster who became one of the public champions for justice based on his own treatment at the hands of the Post Office, said he was expecting …
Business
Evening Standard
AstraZeneca targets doubling revenue to 80 billion dollars by end of decade
The biggest company on London’s stock market, AstraZeneca, set out bold plans today for what it’s boss called “a new era of growth,” powered by 20 new drugs. The Cambridge-based pharma giant has set a target of $80 billion revenue by 2030, and operating profits around $30 billion.The rise, from $45.8 billion in revenue last year …
Business
Evening Standard
Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
The UK economy is set for a “soft landing” as it grows faster than previously expected following recession last year, according to the International Monetary Fund (IMF).However, the global financial agency stressed that ambitious structural reforms to improve living standards “are urgently needed” ahead of a general election later this year.The IMF said in a …
Business
Evening Standard
Upper Crust owner SSP sees earnings disappoint but forecasts summer boost
Upper Crust owner SSP Group has said it is set for a “summer of strong demand” as it expects the Paris Olympics and Euro 2024 football championships to boost travel across Europe.SSP – which runs food outlets at transport sites including airports and railway stations – saw revenues jump by nearly a fifth, up 19% …
Business
Business Live
Key West Midlands commuter route to close for repairs
A key rail commuter route between Birmingham and Staffordshire will be closed next week. The Cross City line between New Street and Lichfield will have no trains running on it from Monday May 27 to Saturday June 1. The route calls at several stations including Aston, Erdington, Sutton Coldfield and two stations in Lichfield. The …
Business
Euro News
Paris train drivers put the brakes on over Olympic Games bonus dispute
Business
Sky News
US embassy refuses to pay £14.6m London congestion charge bill
The US embassy in London owes £14.6m in unpaid congestion charge fees, figures have revealed.Unpaid fees and fines amassed by all embassies in the capital have been published by Transport for London (TfL). The statistics show the Japanese embassy has the second highest debt at £10.1m, followed by India’s high commission at £8.6m.The embassy of …
Business
Sky News
Superdry plots emergency sale process if creditors block rescue plan
Superdry is preparing to run an emergency four-week sale process if creditors block its founder’s plans to inject up to £10m of his own money into the fashion chain in a bid to stave off insolvency.Sky News has learnt that the accelerated M&A process would be launched if a restructuring plan is not approved by …
Business
Sky News
IMF says national insurance cuts were a bad idea but upgrades UK growth forecast
The International Monetary Fund (IMF) has said the UK economy is heading for a “soft landing” but reiterated its message to Jeremy Hunt that he should not have cut national insurance at the last two fiscal events.In its annual check-up on the state of Britain’s economy, the Washington-based Fund also warned of a black hole …

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