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UK inflation rockets in April, Reeves 'disappointed' by data
(Reuters) -Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to slow its already gradual pace of interest rate cuts. Inflation leapt to 3.5% in April from 2.6% in March, the Office for National Statistics said, the highest reading since January 2024 and the largest increase between two months since 2022 when inflation was rocketing above 10%. A Reuters poll of economists had pointed to a reading of 3.3% in consumer price inflation in April.
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finance.yahoo.com
UK inflation rockets in April, Reeves 'disappointed' by data
(Reuters) -Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to…
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Britain's M&S says cyberattack to cost $400 million
LONDON (Reuters) -British retailer Marks & Spencer said on Wednesday a "highly sophisticated cyber" attack would cost it about 300 million pounds ($403 million) in operating…
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dailymail.co.uk
Marks and Spencer say cyber attack will cut operating profits by £300m
Marks and Spencer has said disruption from a major cyber attack is expected to continue through to July and reduce operating profits by around £300million before action to offset…