Vectura face takeover auction; oil hit by pandemic fears; US job openings hit record – business live
Rolling coverage of the latest economic and financial news, as cigarette maker Philip Morris and private equity group Carlyle battle to own UK health company
- Latest: Oil hit by China’s Covid-19 restrictions.
- Auction process looms for Vectura… after Philip Morris bids £1bn
- Friday: Carlyle ups bid for inhaler firm Vectura, trumping tobacco giant Philip Morris
- Anti-smoking campaigners and politicians have criticised sale to PMI
- Deliveroo shares jump 10% after Delivery Hero builds stake
- Morrisons takeover battle extended as CD&R given more time to bid
US consumers have lifted their medium-term inflation expectations to the highest in eight years.
A new survey from the New York Federal Reserve found that Americans expect inflation to be 3.7% in three years, up from 3.6% predicted in June. That’s the highest reading since August 2013.
U.S. consumers’ expectations for inflation over the medium term rose to an eight-year high, according to a New York Fed survey https://t.co/sl2GzEgSbm
Back in Europe, shares have hit a fresh record high.
The Stoxx 600 has gained 0.2% today to a new peak, at 470.91 points, before closing slightly lower.
Europe's Stoxx 600 hits fresh record high, up 0.2% pic.twitter.com/3vOTKGgBuJ
