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Supermarket woes deepen over price wars

first_img whatsapp Kasmira Jefford Tuesday 21 October 2014 9:09 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp THE UK food industry’s troubles were laid bare today after a report revealed the sector had suffered the sharpest rise in financial distress compared with other UK industries.According to Begbies Traynor’s latest Red Flag update, which monitors the health of UK companies, levels of “significant” financial distress among UK food retailers rose by 11 per cent over the past three months and by 53 per cent over the year to include 4,239 struggling businesses.More severe cases of “critical” financial distress rose by 23 per cent in the last quarter, including seven large food retailers, which were categorised as businesses with more than 500 employees.“With Tesco in trouble following revelations of its £250m profits guidance overstatement, and dampened sales expectations from Morrisons and Sainsbury’s, all have been forced to cut prices in a bid to encourage shoppers back through their doors and recapture market share,” Begbies Traynor partner Julie Palmer said.She added that supply chain disputes, inefficient legacy sites and, in some cases poor financial management, were among the biggest issues facing the grocers. Share Show Comments ▼ Supermarket woes deepen over price wars Tags: NULLlast_img read more

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ATP World Tour Finals 2014: Andy Murray’s head-to-head record vs Roger Federer, Kei Nishikori, Milos Raonic

first_img whatsapp Share Show Comments ▼ Monday 3 November 2014 12:31 pm Andy Murray has avoided world number one and tournament favourite Novak Djokovic in the round robin stage of the forthcoming ATP World Tour Finals. He will instead come up against Roger Federer, Kei Nishikori and Milos Raonic in Group A. Djokovic, who begins his quest for a third-consecutive title in the competition in Group B alongside Stan Wawrinka, Tomas Berdych and reigning Wimbledon champion Marin Cilic. Rafael Nadal, who has never won the competition, withdrew to undergo appendix surgery today.Murray sealed his place at the season-ending event with victory over Grigor Dimitrov in the third round of the Paris Masters last week. His qualification was left to the last minute after the Scot dropped out of the top 10 ranked players in the world in September. However, since losing to Novak Djokovic in the US Open quarter-finals, Murray has won three titles (his first since victory at Wimbledon) at the Shenzhen, Vienna and Valencia masters. The remarkable run of form since has seen the 27-year-old climb up to sixth in the ATP World Rankings in just under two months.  Murray now faces three opponents in Group A against whom he has mixed records. He has taken on the legendary Federer, the world number two, a total of 22 times, winning half. However, he has not beaten the Swiss maestro in 22 months, losing his last two attempts.  Andy Murray vs Roger Federer | Create Infographics  Japan’s Kei Nishikori, who is the first Asian man to qualify for the tournament, is ranked one place above Murray, but has lost to the Scot in all three of their meetings. Andy Murray vs Kei Nishikori | Create Infographics  If history is anything to go by, Canadian Milos Raonic could present Murray with his toughest challenge in the group. Raonic has four wins to Murray’s two in their head-to-head record.  Andy Murray vs Milos Raonic | Create Infographics  The tournament begins next Sunday at the O2 Arena in Greenwich. After the round-robin stage, the first placed player in one group plays the second placed player from the other in the semi-final.  The semi-finals take place on Saturday 15 November, with final a day later. Games will be broadcast on the BBC. ATP World Tour Finals 2014: Andy Murray’s head-to-head record vs Roger Federer, Kei Nishikori, Milos Raonic Joe Hall whatsapp More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black playerthegrio.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

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EU migrants contribute £20bn to UK economy and are more likely to work than Brits

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap EU migrants contribute £20bn to UK economy and are more likely to work than Brits Tags: UK immigration whatsapp Tuesday 4 November 2014 8:49 pm Tim Wallace Show Comments ▼ whatsapp Immigrants from the rest of the EU are more likely to be employed than the average worker born in Britain, official figures showed yesterday.The numbers come at a sensitive time for the political debate on immigration, which has seen the prospect of Britain ending free movement from Europe.The Office for National Statistics (ONS) found 69 per cent of UK-born workers are employed – compared with 69.3 per cent of those from the EU. By country, Polish workers are far and away the most likely to work, with 81.2 per cent in employment. Almost three-quarters (73.8 per cent) of UK-born residents are economically active, just pipped by those from the EU at 73.9 per cent. The lowest employment rate is among non-EU migrants – just 38.1 per cent of Chinese migrants are in work, and 44.1 per cent of those from Bangladesh are employed. Chinese migrants are most likely to be students, with 47.4 per cent in the UK for education.The figures come as University College London releases new research this morning, showing EU migrants contribute £20bn to the UK economy, down £5bn from the same calculations last year. Sharelast_img read more

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Exclusive: Virgin Money to IPO on Friday, but prices shares at bottom of range

first_img The long-awaited flotation of Virgin Money will take place on Friday, although it is planning to price its shares right at the bottom of their range, City A.M. understands, .Earlier this month, we revealed the challenger bank will target a share price of 283p-333p when it launches its IPO, valuing it at £1.25bn-£1.45bn. But a source close to the deal said the bank had opted to price its shares at 283p, which will put its value at £1.25bn. It is likely to exercise its greenshoe option when it lists, which enables existing shareholders to sell more shares. The source added that half the demand for shares had come from outside the UK, suggesting British investors continue to be cautious following recent market turbulence.Virgin Money confirmed its plans to IPO last week, after it shelved them in October following market turbulence But as the markets settled, and following new guidance from the Financial Policy Committee which confirmed its financial buffer was “in excess of the recommended requirements”, it decided to go ahead with its flotation.Jayne-Anne Gadhia, the bank’s chief executive, said access to the public capital markets had been “a long-term strategic objective for Virgin Money”. Virgin Money did not comment. whatsapp Exclusive: Virgin Money to IPO on Friday, but prices shares at bottom of range Wednesday 12 November 2014 7:33 am Show Comments ▼ Tags: Company IPOs Virgin Money Holdings More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Share whatsapp Emma Haslett last_img read more

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Finsbury cheers two decades with client number one

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Share Finsbury cheers two decades with client number one whatsapp whatsapp Express KCS center_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndo Wednesday 19 November 2014 8:56 pm Roland Rudd (pictured, above right), the chairman of financial communications specialist Finsbury, was celebrating 20 years since he founded the firm last night in a glittering reception at Tate Britain.Joining him and his colleagues were many of those who have benefited from Finsbury’s knowledge of the art of public relations over the years – including Sir Roger Carr (pictured, top left), his first client. Carr is currently the chairman of BAE Systems. Other clients enjoying the celebrations included easyJet’s Carolyn McCall, RSA’s Stephen Hester and Richard Cousins of Compass.Today, Finsbury counts around a quarter of the FTSE 100 among its clients.Its merger with the US comms firm Robinson Lerer & Montgomery (RLM) in 2011 cemented its status as a global player. Tags: NULLlast_img read more

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United Utilities celebrates good first-half results

first_img whatsapp whatsapp Caitlin Morrison Tags: Company United Utilities Group Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Share United Utilities celebrates good first-half results Wednesday 26 November 2014 8:21 pm REVENUE improved at United Utilities in the six months to 30 Sept­em­ber, up to £859.4m from £845.7m in the same period of last year, while operating profit also improved, up to £340.5m from £338.3m.Steve Mogford, chief executive at United Utilities, said the firm was “pleased with the progress we have made over the last few years”.He stated that the strong performance during the first half of the 2014 financial year had allowed the company to reinvest around £280m “for the benefit of all our stakeholders”.He continued: “In addition, our customers are set to benefit from below inflation growth in average household bills for the decade to 2020. The next regulatory period will place more emphasis on operational performance. Our significant improvements and the foundations we have built provide a solid platform for the future.”Mogford added: “We are now a leading operational performer in our sector, having delivered or exceeded our outperformance targets, and are one of the most improved water companies for customer satisfaction.” Water regulator Ofwat is currently assessing the water companies’ business plans for the 2015-2020 cycle, which will determine the cost of customers’ bills.Angelos Anastasiou, utilities analyst at Whitman Howard, said that al­though United Utilities’ results were “all good, and much as expected”, the outcome of that price review remains “of greater interest”.Shares in United Utilities dropped by 0.66 per cent yesterday. Show Comments ▼last_img read more

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Sony share price tumble following hack into PlayStation store

first_img Joe Hall Monday 8 December 2014 5:58 pm whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator The continuing cyber attacks on Sony are beginning to make investors nervous, as shares in the tech company fell significantly for the first time since the hacks on the tech company began on 24 November. Sony’s share price had stayed steady since the breaches began, yet after the official PlayStation store was brought down by hackers on Monday, the price fell 4.56 per cent on Monday to $21.15 per share. Visitors to the PlayStation store are greeted with the message “Page Not Found! It’s not you. It’s the internet’s fault.” A group called Lizard Squad has taken responsibility on Twitter with the message “PSN Login #offline #LizardSquad”. The group has previously taken responsibility for hacks on the Xbox online network. The PlayStation stores outage follows an attack on Sony’s Hollywood studio, Sony Pictures Entertainment, last month. Confidential corporate files including employee salaries and social security numbers were posted online, before a series of unreleased movies were leaked. Events took an insidious turn when a group who claimed responsibility for the initial attack, the Guardians of Peace, sent an email to Sony Pictures Entertainment employees threatening them and their families. However, the source of attacks has not yet been identified by Sony. North Korea has denied any involvement in the hack but described it as a “righteous deed” that could have come from sympathisers of the nation. In a memo to staff Sony Pictures Entertainment chief executive Michael Lynton said: While we are not yet sure of the full scope of information that the attackers have or might release, we unfortunately have to ask you to assume that information about you in the possession of the company might be in their possession.  While we would hope that common decency might prevent disclosure, we of course cannot assume that.    Sony share price tumble following hack into PlayStation store Share whatsapp Tags: Cybercrime Sonylast_img read more

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Best of the Brokers for 19 December 2014

first_img More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com whatsapp Best of the Brokers for 19 December 2014 Share To appear in Best of the Brokers, email your research to [email protected] reiterated its “buy” rating, stating that XL Group’s bid for Catlin has highlighted the potential attraction of the London underwriters. The broker said Brit is “well positioned in the current underwriting environment” and increased the target price by 20p to 310p.GREEN DRAGONCantor Fitzgerald reiterated its “buy” rating. The broker noted that the gas company has received £27.1m and issued 13,756,000 shares to the Chandler Corporation following the exercise of warrants, and said this action had been taken account of in its valuation of Green Dragon.TESCOShore Capital reiterated its “hold” rating, following news that the supermarket business is “cranking up the customer service ahead of the big Christmas shopping week”. The broker said it sensed that Tesco is “striving to better set up stores… and build availability”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediafdd2021 Senior DiscountsfddBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewada5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®center_img whatsapp Thursday 18 December 2014 8:26 pm Show Comments ▼ Express KCS Tags: NULLlast_img read more

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Charles Li tells Santa all about big bad Alibaba

first_imgMonday 22 December 2014 8:56 pm Tags: NULL Writing a letter to Santa is pretty standard at this time of year, mostly for those between the age of four and nine. But penning a note to Little Saint Nick isn’t beyond some middle-aged finance chiefs, The Capitalist hears.  Charles Li, the chief executive of the Hong Kong Stock Exchange, has written a blog entry, addressing the red-suited one.  He starts off by telling him how much weight he’s lost – almost two pounds, thanks to soccer, no thanks to noodles and rice. He tells Santa how good everyone at HKEx has been – “working like diligent elves”. But then he moves on to a more serious topic, albeit thinly veiled – Alibaba’s decision to list in New York rather than Hong Kong, a big blow to the Chinese exchange.  “But Santa, I’m afraid not everything was perfect this year. A special guest was planning to come to stay with us, but he decided to have a party at someone else’s house instead,” writes Li.  It’s not the first time Li has written about AlibabaGate in a rather abstract way. Back in September, he wrote a blog that told the story of the listing fracas, using fictional characters called Mr Innovation, Ms Practical, Mr Righteous among others.  It’s eccentric to say the least. We can’t image Xavier Rolet writing to the Easter Bunny to tell him about LSE’s bumper year. But who are we to say? Express KCS Share whatsappcenter_img Charles Li tells Santa all about big bad Alibaba Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndo Show Comments ▼ More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapplast_img read more

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Policy hawks stand ground despite sinking inflation

first_img whatsapp Tags: UK inflation whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼ Tuesday 13 January 2015 9:22 pm Express KCS A drop in the inflation rate to 0.5 per cent has not been enough to reverse the positions of monetary policy hawks – economists favouring a hike in interest rates. “We think the economy is growing strongly enough to take a normalisation of monetary policy and we’re sticking by that,” James Sproule, chief economist at the Institute of Directors told City A.M. “We’re only talking about moving to 0.75 per cent over the course of the year. The longer that rates remain at these very low rates, the bigger danger there is that people and businesses build it into their expectations and forecasts.”Former policy maker Andrew Sentance agreed.“The Bank is supposed to look two-three years ahead and it’s not clear that the danger for the medium-term inflation outlook has gone away,” Sentance told City A.M.“There is still a strategic challenge to gradually raise rates over time.” Simon Ward, chief economist at Henderson Investors maintains his view that domestic inflationary pressure is strong but that prices are being kept down by falling oil prices and the lagged effect of a strong pound which may soon reverse. Core inflation – which excludes energy – rose to 1.3 per cent in December. Meanwhile, current prices are still being impacted by the pounds rising exchange rate in early 2014 which has since stabilised. Share Policy hawks stand ground despite sinking inflation last_img read more

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