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...Tesco: Shares in the UK grocery chain retreated 3.5 per cent on Thursday, having risen 2.5 per cent in the previous session after it posted a 7.2 per cent increase in sales for the year to February and announced...
...The drop in wage growth expectations will support the view that the central bank will start reducing rates from a 16-year high of 5.25 per cent in the summer....
...The figure was slightly higher than the 3.1 per cent forecast by economists polled by Reuters and the Bank of England and above the BoE’s 2 per cent target....
...Services output grew 0.1 per cent in February, while production — including manufacturing, utilities and mining — increased 1.1 per cent. Construction output fell 1.9 per cent....
...Total assets in Taiwan-listed ETFs jumped 64 per cent to NT$3.85bn by end-2023 from NT$2.34bn the year before....
...Brent crude — the international benchmark — rose 2 per cent to $83.59 a barrel. The US equivalent West Texas Intermediate was up 2.1 per cent at $79.16 a barrel....
...policy and raise borrowing costs to a range of zero to 0.1 per cent from its previous benchmark rate of minus 0.1 per cent....
...of 3.2 per cent....
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...Meanwhile, international oil benchmark Brent crude rose 2.6 per cent to $84.16 a barrel, its highest settlement price since early November....
...The gains mean the FTSE 100 has risen 3.9 per cent since the start of the year, outperforming the Nasdaq Composite, which is up 2.1 per cent....
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