MILLIONS of households are in for a rollercoaster on their energy bills this year. We’ll explain what’s going on, whether you should consider a repair and how to fix it. Ofgem’s energy price cap changes every three months and bills could rise again this autumn WHAT IS GOING ON? In recent years, energy bills have … Read more
Overview Euro area Annual inflation is expected to reach 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, the services sector is expected to have the highest annual rate in May (4.1%, … Read more
Most read: EUR/USD Trade Setup – Bullish Continuation Depends on Breakout of Resistance The new week will start slowly as both the US and UK markets will be closed on Monday – the former for Memorial Day and the latter for a holiday. Holidays in these financial centers mean lower trading volume, potentially leading to … Read more
Item information Author, Ben Chu Role, BBC Verify May 22, 2024 Updated 6 hours ago On the day Rishi Sunak called an election for July and the latest figures showed inflation was falling, the government spoke about its record on the economy. Chancellor Jeremy Hunt made a number of claims on BBC Radio 4 on … Read more
In this photo illustration, the Nvidia logo appears on a smartphone screen and in the background. Rafael Henrique | SOPA images | Light rocket | Getty Images This report is from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open updates investors with everything they need to know, wherever they are. … Read more
British inflation slowed to the lowest level in around three years last month, further strengthening the case for the Bank of England to cut rates later this year. Consumer prices rose 2.3 percent in April from a year earlier, up from 3.2 percent in March, the Office for National Statistics said on Wednesday. Interest rates, … Read more
51 minutes ago Mining shares tumble after Anglo American rejects BHP’s takeover bid Mining shares tumbled on Wednesday afternoon after Anglo American rejected a third takeover proposal from rival BHP Group, as the companies agreed to extend the deadline for talks by a week. Anglo shares initially rose before paring gains to 0.65% at 4.10pm … Read more
Marks & Spencer shares are rising after the British retailer posted a 58% annual profit increase Marks & Spencer shares rose on Wednesday, reaching levels last seen in early 2018, according to LSEG data. The company’s shares were last up 7.3% at 10:59 a.m. London time. Stock Chart IconStock chart icon Marks and Spencer The … Read more
Hunt attacks Labor and says he is disproving the ‘myths’ that the economy is worse under the Tories Sign up for our breaking news emails for free real-time breaking news alerts sent straight to your inbox Sign up for our free breaking news emails Economists warn the Bank of England could delay a rate cut … Read more
Image © Adobe Stock The pound-to-euro exchange rate reached its highest level since March, at 1.1736, after UK inflation fell to an annual rate of 2.3% in April, a figure higher than the market and the Bank of England had expected (2.1%). The all-important and much-watched component of inflation in the services sector was noticeably … Read more