By Andy Bruce LONDON (Reuters) – Britain’s unwanted status as the only large advanced economy still to have double-digit inflation represents just one symptom of the serious economic malaise faced by the country. Annual consumer price inflation (CPI) in Britain fell to 10.1% last month but defied forecasts for a bigger drop from February’s 10.4%,…
LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of data suggested price pressures remain elevated. Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected,…
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after struggling to find a buyer for the entire portfolio, a source close to the matter said. The British asset manager has been working…
By Andy Bruce and David Milliken LONDON (Reuters) – Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data showed on Wednesday, bolstering bets that the Bank of England will raise interest rates again in May. Consumer price inflation (CPI) dropped to an annual…
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even where that means extra cost. Leaders of Airbus and Boeing have both used the term in recent days – which can include expanding factory space…
A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed…
By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest rate hikes in Europe just as U.S. rates near a peak, a reversal of the trends that drove them to multi-decade lows last year. The two currencies have rallied 4-5% against the dollar since March…
By Joanna Plucinska LONDON (Reuters) – Strikes across Europe have led to a spike in flight cancellations, delays and driven down bookings to cities like Paris, data from travel firms show, despite efforts by airlines to avoid a repeat of last year’s disruptions. Flight cancellations and delays of over three hours in Europe were up…
A look at the day ahead in European and global markets from Tom Westbrook Traders are scaling back bets on U.S. rate cuts, but dialling up expectations for British hikes. On Tuesday, it was bigger-than-expected pay rises that strengthened expectations for the Bank of England to lift rates next month and to continue doing so…
By Andrea Shalal WASHINGTON (Reuters) -British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma in Washington on Tuesday, while hailing another accord aimed at easing rules for UK architects working in the United States, the British embassy said. The trade and economic memorandum of understanding with Oklahoma, signed by…