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Glencore considers ditching UK stock market listing; air fares, food and private school fees push UK inflation to 3% – business live
Glencore considering move to New York or elsewhere where it can ‘get the right valuation;’ UK inflation rises more than expected as meat, bread and cereals become dearerWhile UK inflation has hit 3%, interest rate cuts are still on track, says Philip Shaw, chief economist at Investec.Today’s headline figures are above the 2.8% which the Bank of England had pencilled into its forecasts in its Monetary Policy Report earlier this month. We gain some comfort though that neither core nor services inflation exceeded our expectations, as this points towards inflation strengthening due to ‘volatile’ or one-off items.Indeed what matters is not so much the precise peak in inflation, but the length of time it subsequently takes to subside towards the 2.0% target.the many demands placed on consumer discretionary incomes, which combined with the later booking profile and cost headwinds details, may mean profit margins in the year ahead come under some pressure. Continue reading...
Glencore considering move to New York or elsewhere where it can ‘get the right valuation;’ UK inflation rises more than expected as meat, bread and cereals become dearer
While UK inflation has hit 3%, interest rate cuts are still on track, says Philip Shaw, chief economist at Investec.
Today’s headline figures are above the 2.8% which the Bank of England had pencilled into its forecasts in its Monetary Policy Report earlier this month. We gain some comfort though that neither core nor services inflation exceeded our expectations, as this points towards inflation strengthening due to ‘volatile’ or one-off items.
Indeed what matters is not so much the precise peak in inflation, but the length of time it subsequently takes to subside towards the 2.0% target.
the many demands placed on consumer discretionary incomes, which combined with the later booking profile and cost headwinds details, may mean profit margins in the year ahead come under some pressure. Continue reading...
