Among the companies with reports and trading updates today are Entain, ASOS, Just Eat Takeaway, Antofagasta, Workspace Group, and Liontrust Asset Management.
Bank of England governor hints UK will cut interest rates before US
Andrew Bailey last night hinted that the Bank of England could start cutting interest rates before the US Federal Reserve amid ‘strong evidence’ that inflation is falling.
The comments came as the governor’s Fed counterpart Jerome Powell warned that the US’s battle to tame price rises was ‘likely to take longer than expected’ – in comments that further riled already-volatile markets.
Craft breweries under threat as insolvency figures rise
Craft breweries are under increasing threat as rising costs and lower demand push even more into insolvency.
The total number of business failures in the sector increased from 35 in 2022 to 52 in 2023, according to data from accountancy firm Price Bailey.
Louis Vuitton-owner LVMH hit as luxury falls out of fashion
He is known as ‘the wolf in cashmere’ after turning LVMH into a £333billion luxury goods powerhouse through a string of ruthless acquisitions that helped turbocharge growth.
And now Bernard Arnault – who has made himself the world’s richest man in the process with a fortune of £175billion – is setting the scene for his five children to take over the empire.
The FTSE 100 Index opened at 7820.36
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BUSINESS LIVE: UK inflation rate falls to 3.2%; Entain hit by new gambling rules; ASOS posts another big loss
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