FTSE100

Germany triggers ‘alarm’ stage of emergency gas plan as Putin cuts supplies

Ggood morning. The Government borrowed more than forecast in May, highlighting risks to the public finances as the cost-of-living crisis threatens to tip Britain into a recession. Rishi Sunak borrowed another £14bn last month, which was £2bn higher than economists had forecasts. Debt interest payments hit £7.6bn – the highest for any May on record, …

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European markets open to close, earnings, data, central banks

LONDON — European stocks are expected to open in negative territory on Wednesday, giving up gains made in the previous session amid more positive global sentiment. The UK’s FTSE index is expected to open 45 points lower at 7,103, Germany’s DAX 112 points lower at 13,180, France’s CAC 40 down 56 points at 5,906, and …

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Grocery inflation surges to 13-year high

Ggood morning. Bosses have warned continued strikes will cause “incredible” damage to the UK in both the short and the long term. Businesses are braced for disruption as the biggest walkout on Britain’s railways kicks off today. The Center for Economics and Business Research have warned that the three strikes taking place today, on Thursday …

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Credit Suisse warns of ‘new world order’ in markets

Ggood morning. There are some early signs of how inflation is hitting retailers after Tesco warned the cost-of-living crisis was forcing customers to cut back. Ken Murphy, chief executive of Tesco, warned the company was seeing “some early indications of changing customer behavior as a result of the inflationary environment” amid “unprecedented” increases in the …

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Bank of England accused of ‘bottling’ interest rates after eighth new inflation forecast

The boss of Halfords has accused the Government of taking a “backwards step” with its decision to end the plug-in car grants scheme. The Government confirmed earlier this week that it was scrapping the £1,500 subsidy for purchases of new electric cars, saying it would “refocus” funding to encourage users of other vehicles to make …

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British tech giant Arm to list in London after sale blocked over national security

Ggood morning. Britain’s tech sector has been given a welcome boost this morning after it emerged SoftBank is planning to list some of its stake in chip designer Arm in London. The Japanese conglomerate had been preparing an initial public offering in New York after a $40bn (£30bn) sale to Nvidia was blocked on national …

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