Deal-Seeking Britons Boost Upmarket Grocers Ocado, Waitrose:
bloomberg.com/news/articles/2024-03-26/deal-seeking-britons-boost-upmarket-grocers-as-inflation-falls
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| Last Updated | Mar 29 |
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Waterlooville regeneration: What should happen to empty Waitrose supermarket building according to our readers
portsmouth.co.uk/business/waterlooville-regeneration-what-should-happen-to-empty-waitrose-supermarket-building-according-to-our-readers-4603680
Waitrose and FSA recall warning over 'unsafe to eat' butter: The Waitrose Salted Dairy Butter is being recalled as the product may be unsafe to eat ...
countypress.co.uk/news/national/uk-today/24277135.waitrose-fsa-recall-warning-unsafe-eat-butter/
Quick Glance: Supermarket recalls own brand butter due to safety concerns
- Waitrose is urgently recalling its own brand butter due to potential contamination concerns.
- The impacted products are 500g blocks with the best before date of June 19, 2024.
- The potential contamination of the product poses a safety risk if consumed.
- Customers are advised to package the product and return it in-store for a refund.
Meghan Markle: Royal prankster hijacks Duchess of Sussex lifestyle brand and redirects to site for rival King Charles jam
independent.co.uk/life-style/royal-family/meghan-markle-american-riviera-orchard-waitrose-charles-b2531337.html
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
'Do not eat' warning issued over snack that 'may contain glass': The product can be returned for a refund
walesonline.co.uk/whats-on/shopping/supermarket-issues-do-not-eat-28996034
Woman killed in Waitrose car park by driver with steamed up windows: May Mustey, 45, hit Gwendoline Owen, 75, in the Waitrose car park in Monmouth, South Wales ...
metro.co.uk/2024/04/12/woman-killed-waitrose-car-park-driver-steamed-windows-20638363/
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
John Lewis and Waitrose applicants can see questions beforehand: The retail group hopes giving candidates sight of questions will make process fairer.
bbc.com/news/articles/c6pyqjm1219o
Brent hovers above $86 as traders unfazed by MidEast conflict: Global benchmark Brent slipped on Monday though it remained above $86 a barrel as traders turned ...
reuters.com/markets/commodities/oil-prices-retreat-us-crude-build-rate-cut-concerns-come-fore-2024-04-22/
Zimbabwe's new ZiG currency starts trading, credibility doubts linger: Zimbabwe's new gold-backed currency started trading on Monday amid doubts that the ...
timeslive.co.za/news/africa/2024-04-09-zimbabwes-new-zig-currency-starts-trading-credibility-doubts-linger/
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
State pension increase: How much will payments go up in April with the triple lock?
independent.co.uk/news/uk/home-news/state-pension-age-2024-how-much-increase-b2524958.html
The scenic Surrey road that locals use to avoid the M3 and M25: This road offers a scenic alternative for those weary of motorway delays.
getsurrey.co.uk/news/surrey-news/scenic-surrey-road-locals-use-28946098
Inflation came in hot at 3.5% in March, CPI report shows. What it means for Fed rate cuts
usatoday.com/story/money/2024/04/10/cpi-report-march-inflation-data/73259923007/
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Asda, Tesco, Morrisons and Sainsbury's recall juice and ice cream: When a product is recalled, for any reason, the FSA shares details on what you should do if ...
liverpoolecho.co.uk/news/uk-world-news/asda-tesco-morrisons-sainsburys-recall-29021410
Inside new-look Willerby McDonald's after major revamp: Outlet near Waitrose is fifth in Hull area to undergo 'Convenience of the Future' redesign
hulldailymail.co.uk/whats-on/food-drink/gallery/inside-new-look-willerby-mcdonalds-9219035
Staff at Kent school face redundancies due to rising 'costs and inflation': The Duke of York's Royal Military School said it was consulting on a ...
kentlive.news/news/kent-news/staff-dover-school-face-redundancies-9248991
Quick Glance: Arrest and Three Injured in Wales School Attack
- Police urge removal of social media footage to prevent contempt of court and distressing those affected.
- A parent expresses concern over the injured and highlights the rarity of such incidents in Ammanford.
- Three injured and one arrested after an incident at Ysgol Dyffryn Aman in Ammanford, South-west Wales.
- Recap of the ongoing investigation at the school as parents anxiously wait for updates on their children's safety.
How not to run a water utility: Let Thames Water collapse. But after that, water bills need to rise
economist.com/britain/2024/04/09/how-not-to-run-a-water-utility
US growth slows sharply, reflecting an economy pressured by high rates: WASHINGTON — The nation's economy slowed sharply last quarter to a 1 ...
postandcourier.com/us-growth-slows-sharply-reflecting-an-economy-pressured-by-high-rates/article_70256828-034a-11ef-a5e2-cf558c6bdea6.html
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline: Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s ...
dailymaverick.co.za/article/2024-04-26-copper-hits-10000-a-ton-as-bhp-bid-shows-tight-supply-pipeline/
UK consumers feeling more confident about finances, says NatWest boss: For first time since August 2021 people expect position to be better in a year ...
theguardian.com/business/2024/apr/26/uk-consumers-feeling-more-confident-about-finances-says-natwest-boss
Unilever beats sales forecast as customers return to brands: Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's ...
reuters.com/business/retail-consumer/unilever-beats-quarterly-sales-growth-expectations-2024-04-25/
Gradual volume recovery, valuations to support Hindustan Unilever's stock: Hindustan Unilever: The premium portfolio growth across categories was healthy ...
business-standard.com/markets/stock-market-news/gradual-volume-recovery-valuations-to-support-hindustan-unilever-s-stock-124042501184_1.html
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How 4% Could Be the New Inflation Target: Whether explicitly or implicitly, central banks look likely to take a more flexible approach in future.
bloomberg.com/news/newsletters/2024-04-24/how-4-could-be-the-new-inflation-target
Stock Markets Today: BOJ decision, ECB easing call, Big Tech, Trump: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-26/stock-markets-today-boj-decision-ecb-easing-call-big-tech-trump
UK Consumer Confidence Improves as Inflation Eases, Prospect of Tax Cuts: UK consumer confidence edged higher this month as easing inflation and the prospect of ...
bloomberg.com/news/articles/2024-04-25/uk-consumer-confidence-improves-as-inflation-and-taxes-fall
Paid articlePaid What’s behind the record FTSE 100 high?: Hopes of a UK interest rate cut and easing geopolitical tensions are not the only reasons for the intraday peak reached ...
theguardian.com/business/2024/apr/23/whats-behind-record-ftse-100-high-uk-explainer
Commodity prices could keep inflation high, warns World Bank: Sharp falls in commodities are unlikely to continue, says lender, making it harder for central ...
ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf
StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Supermarket deals generate £1.3 billion in savings for shoppers: Grocery price inflation has dropped to 3.2 percent and, with the help of supermarket promotions ...
newfoodmagazine.com/news/229550/supermarket-deals-generate-1-3-billion-in-savings-for-shoppers/
Navigating Major Transitions in an Uncertain Economy | by Mohamed A. El-Erian - Project Syndicate
project-syndicate.org/commentary/us-growth-slows-while-inflation-remains-fueling-deeper-global-uncertainty-by-mohamed-a-el-erian-2024-04
Paid articlePaid Investors price in growing chance of another Federal Reserve interest rate rise: While base case remains reduction in borrowing costs, options market shows a 20% ...
ft.com/content/8c5da64b-766e-4993-86f5-aac95342432a
Friday’s Morning Call: Market Watch on Inflation and Vale Dynamics: This week, the Brazilian and U.S. financial markets brace for pivotal updates that could sway ...
riotimesonline.com/fridays-morning-call-market-watch-on-inflation-and-vale-dynamics/
Recall Roundup: Foreign objects and packaging concerns: In the latest instalment of Recall Roundup we highlight the latest food and beverage recalls from the UK ...
newfoodmagazine.com/news/229819/recall-roundup-foreign-objects-and-packaging-concerns/
Dave Myers: Premier Inn explain Cumbria Dave Day price rise: The hotel chain have responded after the cost for a room on June 8 roughly doubled compared to the ...
nwemail.co.uk/news/24271837.dave-myers-premier-inn-explain-cumbria-dave-day-price-rise/
Waitrose and Ottolenghi is a middle-class match made in heaven: Collaborating with a supermarket is now an inevitable step in a chef’s trajectory
inews.co.uk/opinion/waitrose-ottolenghi-middle-class-match-heaven-3023606
UK lawmakers seek urgent clarity on new post-Brexit border controls: British lawmakers have called on the government to "urgently" clarify what will happen next ...
reuters.com/world/uk/uk-lawmakers-seek-urgent-clarity-new-post-brexit-border-controls-2024-04-25/
Unilever says Lifebuoy and Lux impacted by cost inflation in India: The global consumer major also saw negative price impacts on its fabric cleaning business
business-standard.com/companies/news/unilever-says-lifebuoy-and-lux-impacted-by-cost-inflation-in-india-124042501103_1.html
Why experts say you should lock in a savings rate now – before it’s too late: Saving providers are pulling some of the best deals from the market as they are ...
inews.co.uk/inews-lifestyle/money/saving-and-banking/experts-say-lock-savings-rate-before-too-late-3021995
UK facing food shortages and price rises after extreme weather: Heavy rain likely to cause low yields in Britain and other parts of Europe ...
theguardian.com/environment/2024/apr/16/uk-facing-food-shortages-and-price-rises-after-extreme-weather
In the dock: Shoplifter banned from Lymington Waitrose: A man who was banned from Waitrose in Lymington for shoplifting is among those who have been sentenced at ...
dailyecho.co.uk/news/24264493.dock-shoplifter-banned-lymington-waitrose/
Retail sales show zero growth despite 'fresh two-year high' for consumer confidence
news.sky.com/story/retail-sales-show-zero-growth-despite-fresh-two-year-high-for-consumer-confidence-13118307
Major Southend road shut after two-car crash with long delays - updates: Traffic is being held in both directions
essexlive.news/news/essex-news/live-southend-traffic-updates-two-9233800
Waitrose comments as Marks & Spencer to leave The Broadway: A major supermarket has commented amid speculation that it is planning on moving to the The Broadway ...
thetelegraphandargus.co.uk/news/24248437.waitrose-comments-marks-spencer-leave-broadway/
Bank of England’s inflation-taming efforts hindered by ‘significant shortcomings’
inews.co.uk/inews-lifestyle/money/inflation-taming-efforts-hindered-shortcomings-bank-of-england-3004623
Quick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Isle of Wight man stole £500 of goods from Waitrose and Sainsbury's: The 49-year-old Isle of Wight man admitted three counts of theft from a shop ...
countypress.co.uk/news/24254314.isle-wight-man-stole-500-goods-waitrose-sainsburys/
Asda, Co-op, Waitrose and Marks and Spencer's food recalls over 'unsafe' items: Some supermarkets have recalled popular food items, urging people not to eat them ...
dailyrecord.co.uk/lifestyle/asda-co-op-waitrose-marks-32604584
Fed likely to cut rates before ECB blinks, former BOE member says: The Federal Reserve is likely to cut rates before the European Central Bank does ...
cnbc.com/2024/04/11/the-fed-will-cut-rates-before-the-ecb-former-boe-deanne-julius-said.html
Waitrose urgently recalls these olives after glass is found, Bedford shoppers told
bedfordtoday.co.uk/lifestyle/shopping/waitrose-urgently-recalls-these-olives-after-glass-is-found-bedford-shoppers-told-4594398
Paid articlePaid FTSE 100 ticks up ahead of ECB meeting: UK's FTSE 100 inched upwards on Thursday as investors moved their focus from hotter-than-expected U.S ...
reuters.com/world/uk/ftse-100-ticks-up-ahead-ecb-meeting-2024-04-11/
Brightlingsea man, 89, fails to appear in court after Waitrose crash: Colin Kirby-Green had been due to appear at Colchester Magistrates' Court charged with ...
gazette-news.co.uk/news/24259404.brightlingsea-man-89-fails-appear-court-waitrose-crash/
Four arrested after man hospitalised with head injuries: Police believe the man challenged youths who were stealing alcohol from a shop
getsurrey.co.uk/news/surrey-news/four-youths-arrested-after-man-29008717
UK passport price to rise for second time in just 14 months: Following a steep 9% rise in February 2023, this new hike has been met with dismay by consumer ...
walesonline.co.uk/news/cost-of-living/uk-passport-price-rise-second-28970545
Isle of Wight Waitrose thefts in East Cowes prompt appeal: Police on the Island have been cracking down on business crime.
countypress.co.uk/news/24257404.isle-wight-waitrose-thefts-east-cowes-prompt-appeal/
Former Fed chair Bernanke calls for Bank of England forecasting revamp: His 86-page review makes 12 recommendations covering how the bank predicts inflation and ...
thenationalnews.com/business/uk/2024/04/12/former-fed-chair-bernanke-calls-for-bank-of-england-forecasting-revamp/
Businesses urged to help as UK unemployment jumps: The number of people out of work rose higher than some economists were expecting
business-live.co.uk/economic-development/businesses-urged-help-uk-unemployment-29003255
Tesco to create jobs in new stores after surge in profits: Tesco boss says inflationary pressures have eased as the company faces criticism for the scale of the ...
heraldscotland.com/news/24245088.tesco-create-jobs-new-stores-surge-profits/
Spotify's £24 annual price increase and ways to reduce the cost : The only listeners avoiding a price rise are those on the Student plan and those sitting ...
devonlive.com/news/cost-of-living/spotify-increasing-prices-24-per-9218915
Australia Plans IRA-Style Act to Drive Green Manufacturing Tilt: Australian Prime Minister Anthony Albanese plans an Inflation Reduction Act-style program to ...
bloomberg.com/news/articles/2024-04-10/australia-plans-ira-style-act-to-drive-green-manufacturing-tilt
Paid articlePaidQuick Glance: PM unveils ambitious plan to boost local manufacturing
- Prime Minister Anthony Albanese has unveiled an ambitious plan to boost local manufacturing and supercharge Australia's economic growth.
- He announced the upcoming introduction of a 'Future Made in Australia Act' to enhance investment, job creation, and economic opportunities.
- Albanese emphasized the importance of government support for the domestic industry and competing with other countries offering similar subsidies.
- Albanese's plan has been welcomed by various bodies, while Opposition Leader Peter Dutton deemed it unachievable.
Interest rates need to stay higher for longer, says Bank of England policymaker: Megan Greene dampens hopes of August cut while underlying causes of inflation ...
theguardian.com/business/2024/apr/11/interest-rates-bank-of-england-policymaker-inflation-uk
How US Inflation and Federal Reserve Can Affect UK House Prices: It is, of course, all about interest rate expectations.
bloomberg.com/news/newsletters/2024-04-11/how-us-inflation-and-federal-reserve-can-affect-uk-house-prices
DWP hands out £3,700 boost for millions on pension benefit: Millions have been given a £3,700 boost from the DWP
examinerlive.co.uk/news/uk-world-news/dwp-hands-out-3700-boost-28981121
I hope nothing gets between us - Klopp on fan protest: Liverpool manager Jurgen Klopp says he hopes "nothing gets between us and the supporters" amid a ...
bbc.com/sport/football/68782847
Thousands of council bosses earn more than £100,000: About 750 council workers were paid more than the prime minister last year and more than 3 ...
thetimes.co.uk/article/thousands-of-council-bosses-earn-more-than-100000-h2jnzdvt2
Paid articlePaid Fed Inflation Metric Stops Falling, Making ECB's Job Even Harder: The scramble to adjust to a reality where the US can’t cut and other central banks are ...
bloomberg.com/opinion/articles/2024-04-11/fed-inflation-metric-stops-falling-making-ecb-s-job-even-harder
Paid articlePaid
New health centre plan for town north of Bristol scaled back: Thornbury Hospital closed in 2019 and has been left empty since then
bristolpost.co.uk/news/bristol-news/new-health-centre-plan-town-9218878
US Federal Reserve could plunge US into recession, economist says: According to a BMO strategist, the Federal Reserve may have to create a recession itself if it ...
businessinsider.de/wirtschaft/international-business/us-notenbank-koennte-usa-laut-oekonom-in-rezession-stuerzen/
Tesco shoppers baffled after spotting 'mental' price of olive oil: Tesco shoppers were taken aback after spotting one bottle of olive oil on sale for £13 ...
walesonline.co.uk/news/cost-of-living/tesco-shoppers-baffled-olive-oil-28975660
Fed may have to self-induce the next recession amid inflation: economist: "The Fed is going to find itself backed into a corner where they need to cause a ...
businessinsider.com/next-us-recession-outlook-fed-cause-rate-cut-inflation-target-2024-4
Rishi Sunak responds after revelation that Sussex Police officers feel ‘worse off’ financially than they did five years ago
sussexexpress.co.uk/news/politics/rishi-sunak-responds-after-revelation-that-sussex-police-officers-feel-worse-off-financially-than-they-did-five-years-ago-4587923
Waitrose targeted by gang of shoplifters: Police would like to identify and speak to the four people pictured
bristolpost.co.uk/news/bristol-news/keynsham-waitrose-targeted-gang-shoplifters-9218977
Bonds Primed for Post-CPI Squeeze With Treasury Traders Turning Bearish: Treasury bond traders have turned so bearish ahead of a key inflation report that they ...
bloomberg.com/news/articles/2024-04-09/barrage-of-short-wagers-leaves-bonds-primed-for-post-cpi-squeeze
Paid articlePaid How has the Bank of England dealt with four years of shocks?: Its credibility is battered but intact. It can do better
economist.com/britain/2024/04/04/how-has-the-bank-of-england-dealt-with-four-years-of-shocks
BT and EE change contract for millions of customers 'starting this week': BT has announced that it, and Plusnet, which it also owns and operates ...
birminghammail.co.uk/news/midlands-news/bt-ee-change-contract-millions-28984522
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