Bank of England’s Haldane sees ‘pretty punchy’ price pressure, as China inflation rises – business live
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On Wall Street, US indices have opened slightly higher in lacklustre trading, with investors waiting for US inflation data tomorrow.
Economists are forecasting a rise in the annual inflation rate to 4.7% in May from 4.2% in April, with the core rate (which strips out volatile food and fuel costs) seen climbing to 3.4% from 3%.
And here is our full story on the owner of Upper Crust and Caffè Ritazza, which slumped to a pre-tax loss of almost £300m in the six months to the end of March, as Covid restrictions kept customers away from its outlets in airports and railway stations.
SSP Group operates its food and beverage branches in 35 countries, and its sales of takeaway sandwiches and coffees plunged by 79% to just under £257m, down from £1.2bn a year earlier.
Related: Upper Crust owner hit by £300m loss on back of Covid travel slump
