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The Independent UK
The Independent UK
Business
Karl Matchett

Business news live: FTSE 100 drops and Poundland is saved from going into administration

Inflation United States Karl Matchett Stock Market
UK food inflation continues to rise (PA) - (PA Wire)

Food inflation has continued to surge with prices rising at the fastest rate for 18 months, new figures show, with the cost of chocolate, butter and eggs in particular pushing prices higher. Food inflation lifted to 4.2 per cent this month from 4 per cent in July, according to the British Retail Consortium.

In stock markets news, the FTSE 100 fell after the London Stock Exchange was closed yesterday for the bank holiday, with investors facing two key matters: Nvidia’s earnings report on Wednesday and Donald Trump announcing he would remove Federal Reserve governor Lisa Cook from her role.

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