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Tony Travers: Sub-national voices must be heard as we plan for recovery

Tony Travers: Sub-national voices must be heard as we plan for recovery
lgcplus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lgcplus.com Daily Mail and Mail on Sunday newspapers.

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UK investors turn bullish on 'big four' banks after bumper earnings


UK investors turn bullish on ‘big four’ banks after bumper earnings
Though tailwinds are strong for now there are worries ‘markets have moved well ahead of the economic reality’
UK investors have started to warm toward Britain’s largest banks after a bumper quarterly earnings period but some are concerned “the easy wins may be over” with much of the positive vaccine and economic recovery news fully priced in.
This year the ‘big four’ banks have seen a stunning reversal of fortunes, delivering Q1 earnings above and beyond analysts’ expectations.  
HSBC and Natwest, formerly RBS, saw profits rise 80% in the first three months of 2021, while Barclays’ nearly tripled to £2.4bn.  ....

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The prospect of food price inflation is a worrying new development


By Adam Leyland2021-04-30T15:19:00+01:00
Whether it’s soaring shipping costs, packaging supply issues, commodity price hikes, shortages of drivers and seasonal workers, increased labour and safety costs, or new Brexit-related red tape, inflationary pressures have been mounting.
Yet stagnant food prices on shelf make it difficult to see how these are being offset. Multiple indexes show grocery prices remain stable in the UK – ONS, Kantar and our own data, including this week’s Grocer 33, which shows prices falling overall (albeit flattered by the return of promos). But someone, somewhere, is being squeezed, and not just pig farmers.
To make matters worse, this week three of the most important food commodities to global diets – wheat, corn, and soy – hit prices not seen since the last global food price crisis of 2012. This is a worrying new development. ....

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