Author: WTX Business Team

Business Live: US & UK markets monitoring. Market data: FTSE 100, NASDAQ, FTSE 250, Pound/Dollar, Pound/Euro, US markets, Oil price and so much more

The lead for the London business newspaper CITY AM reports consumer goods giant Unilever topped the FTSE 100 leaderboard on Tuesday as news of job cuts and a spin-off of its ice cream business appealed to investors. Online, the paper leads with the latest UK inflation rates.

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Ted Baker calls in administrators putting 86 stores at risk of closure Hundreds of jobs at high street store Ted Baker are at risk as it plans to appoint administrators. No Ordinary Designer Label, owned by Authentic Brands Group (ABG), filed a notice of intention to appoint administrators today. While the scale of closures is currently unclear, there are 86 Ted Baker stores across the UK. Ted Baker was bought by ABG for about £ 210 million 18 months ago and was delisted from the London stock market. Stores will continue trading while the insolvency period takes place, according to…

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The FT’s lead story claims the US Federal Reserve will have to keep rates high for longer than markets anticipate, according to economists polled by the newspaper. Fed will have to keep rates high for longer than markets anticipate, say economists FT-Chicago Booth poll suggests bank will make two or fewer cuts this year, with the first between July and September The Federal Reserve will be forced to hold interest rates at a high level for longer than markets and central bankers anticipate, according to academic economists polled by the Financial Times. More than two-thirds of those surveyed in the…

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City AM – House Price Boom Builds Momentum  The London business paper CITY AM reports London property prices have leapt in March. House prices reach highest level in 10 months in March Green shoots continue to emerge in the property market as March has welcomed the highest rise in house prices in 10 months. According to a report by Rightmove, the average price of newly marketed properties rose by £5,279 this month to £368k. The figure trumped the average March increase of 1.0 per cent and is the biggest leap in 10 months. The number of sales being agreed is…

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Vodafone goes down leaving customers without broadband across the country Hundreds of Vodafone broadband customers were left unable to get online this morning after the provider suffered an outage in various regions across the country. Customers in London, Birmingham, Manchester and Nottingham were among those lodging reports on Down Detector. The problems seemed to appear just before 9am, as many people were logging on to start work for the week. More than 80% of the reports referred to broadband, with 14% relating to mobile internet.

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