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...The company is expected to receive a counterbid from Sony and Apollo as soon as this week, according to people familiar with the situation....
...An agreement is expected next week, according to three people familiar with the situation, which would lead to a formal withdrawal....
...The KitKat maker posted a drop in real internal growth — a proxy for sales volumes — of 2 per cent in the first three months of the year, lower than an expected 0.5 per cent drop....
...David McCann, analyst at Numis, said the flows were better than expected....
...Home prices in big US cities rose more than expected in February on a shortage of housing inventory, even as high borrowing costs reined in monthly gains....
...“Despite the softer than expected data, retail sales still added almost 0.1 percentage points to real GDP growth in Q1,” he added, helping the economy recover from last year’s technical recession....
...Australian inflation cooled in the first quarter but was slightly higher than expected, prompting a sell off in the country’s bond and currency markets on Wednesday....
...The war cabinet is expected to discuss the topic when it meets on Thursday....
...US stock futures extended their declines and government bonds came under pressure following a weaker than expected GDP figure....
...The need to meet demand was fuelling an increase in spending on infrastructure such as data centres, with capital expenditures expected to increase “materially”, Hood said....
...US retail sales were much stronger than expected in March, as consumers kept spending despite uncertainty about the future path of interest rates....
...China has warned the US that Washington and Beijing must choose between “confrontation or co-operation” as secretary of state Antony Blinken began an official visit during which he is expected to deliver...
...Millions of people are expected to watch the total solar eclipse that will sweep across North and Central America on Monday, including a big crowd at Niagara Falls....
...Microsoft and Alphabet are expected to deliver updates on their own AI efforts in earnings reports on Thursday....
...Analysts had expected annual growth to slow to 5.5 per cent....
...The US economy grew much less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent....
...Yum China, the operator of Pizza Hut and Kentucky Fried Chicken in mainland China, said on Tuesday it was expanding in the country faster than expected....
...Carmaker Stellantis reported a sharper than expected drop in revenues in the first quarter, saying it was adjusting shipments ahead of new model launches this year....
Cost of settling litigation in US over faulty machines is less than what market had expected
...Separate inflation data yesterday was also higher than expected, casting doubt on the potential for interest rate cuts and a blow to President Joe Biden’s re-election hopes....
...Economists had expected a core rate for March of 3.7 per cent. Read more here...
...The UK will issue £265.3bn of gilts in 2024-25, according to budget documents, higher than £258.4bn expected by banks ahead of the announcement. Gilts sold off following the release of the numbers....
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