Headline News
BoE's Huw Pill says rate cuts still some way off
The Bank of England’s chief economist, Huw Pill, said on Tuesday that rate cuts were still "some way off".
First rate cut still some way off, BoE's Pill says
The Bank of England's first interest rate cut of the current cycle remains some way off, its chief economist said.
US economic activity slows in April, PMIs show
Economic activity in the U. S. slowed last month, the results of two closely followed surveys revealed.
PepsiCo Q1 profit boosted by international performance
US soft drinks and snack firm PepsiCo reported a rise in first-quarter earnings and sales on Tuesday, underpinned by a strong international performance.
AB Foods lifts FY outlook as interim profits jump
Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
UK private sector output expands, cost pressures loom
Britain’s private sector saw robust expansion in April, according to fresh data on Tuesday, marking the sixth consecutive month of growth.
Eurozone business activity grows at fastest rate for a nearly a year
Business activity in the eurozone grew at the fastest pace for nearly a year in April, according to preliminary data released on Tuesday.
Shoppers clamber for deals as grocery inflation slows further
UK households collectively saved £1. 3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
UK govt's tax cut plans hit as March borrowing comes in higher-than-expected
UK government borrowing overshot forecasts in March, producing a budget deficit that was £6. 6bn higher than expected, official data revealed on Tuesday, damaging plans for a pre-election tax cut by Finance Minister Jeremy Hunt.
Copper production rises but diamond output falls at Anglo American
Anglo American reported relatively flat group production in the first quarter on Tuesday as rising copper production was offset by sliding diamond output.
THG hails ‘standout’ Beauty performance as Q1 revenues rise
THG posted a jump in first-quarter revenue on Tuesday as it hailed a "standout" performance in the beauty business.
JD Sports buys US-based Hibbett for $1.08bn
JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1. 08bn (£878m).