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...The annual change in consumer food prices across 38 industrialised countries eased to 5.3 per cent in February, down from 6.2 per cent in the previous month and well below a peak of 16.2 per cent in November...
...Its latest results show a 6 per cent fall in sales in the first quarter of 2024, which the company attributed to the strength of the Swiss franc and declining sales of its Covid-19 treatment Ronapreve....
...Consumer prices rose 3.6 per cent year on year in the March quarter, official data showed, down from 4.1 per cent in the previous quarter but higher than the 3.5 per cent forecast by Reuters....
...The gap this opens up leads directly to a third of learners receiving a grade 4 standard pass or below at GCSE, and to the consequential requirements for resits and remedial work at 16-19....
...Economists said continued changes in house prices would depend upon the future path of interest rates, which stand at a 16-year high of 5.25 per cent and influence how lenders set mortgage rates....
...Markets are pricing the BoE to start cutting interest rates from a 16-year high of 5.25 per cent from the summer, taking the benchmark rate to 4.5 per cent by the end of the year....
...The rupiah strengthened 0.4 per cent against the dollar to 16,155 on Wednesday....
...Food inflation slowed to 4 per cent in March from 5 per cent in February, well below the 45-year peak of 19.2 per cent in March 2023....
...The company’s health science and nutrition business, which accounted for 16.4 per cent of sales in 2023 and includes its baby formula business, had a 3.6 per cent drop in sales volumes following supply problems...
...In addition, 24 per cent of people in England aged 16 to 19 reported having vaped at least once a month in 2022 — below the legal age....
...This story has been corrected to specify that the deficit widened to 5.5 per cent, not 5.6 per cent....
...Property remained a deadweight during the first quarter, with sales falling 19.4 per cent year on year in terms of area and 27.6 per cent in terms of value....
...The Office for National Statistics said average earnings, including bonuses, were 5.6 per cent higher over the period than a year earlier, the same annual growth rate as in the three months to January....
...Total general merchandise sales fell 0.5 per cent, while clothing was down 6.4 per cent as some of its fashion ranges were not as popular with shoppers and it had some availability issues....
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
...The coin traded at lows of about $16,000 last year after a series of corporate collapses, including that of exchange FTX....
...Annual growth in average weekly earnings, including bonuses, was steady at 5.6 per cent, against analysts’ expectations of a slowdown to 5.5 per cent....
...Mortgage applications decreased 10.6 per cent from the previous week, the MBA said....
...Meanwhile, drivers who belong to the Aslef union will walk out on April 5, 6 or 8 depending on which operator employs them: Avanti West Coast, East Midlands Railway, West Midlands Trains and CrossCountry...
...owning another 19 per cent have said they intend to accept it....
...Drivers who belong to the union will walk out on April 5, 6 or 8 depending on which operator employs them. They will also refuse to work overtime on days in and around that period....
...Michal Stelmach, economist at the consultancy KPMG UK, noted that corporation tax receipts were up 19 per cent relative to the previous fiscal year, reflecting the increase in the tax rate from 19 per cent...
...Just 19 per cent of women aged 25 to 44 were investors in January 2024, up 1 percentage point from the previous year....
...But the bank warned that inflation remains “elevated” for service prices, which rose at an annual rate of 6.1 per cent last month....
...In February, supermarkets and small retailers posted annual falls in sales of 11.4 per cent and 25.5 per cent respectively, industry groups said....
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