Irn Bru maker AG Barr results fizz from British summer weather boost Company predicted high level of inflation would ‘continue across the balance of the year’ Evening Standard · Aug 2, 2022
Greggs sales jump as cash-strapped customers turn to cheaper meals The bakery chain reported a 27.1% increase in sales in the 26 weeks to July 2 to a total of £694.5 million The Independent UK · Aug 2, 2022
Group behind Revolution and Revolución de Cuba hails 'relentless focus' to keep costs down amid inflation and energy surges The group plans to refurbish a further 18 of its locations during the coming year as well as open six new sites Birmingham Post · Aug 2, 2022
Greggs customers could face price rises as it warns of cost inflation Bakery chain reports 27% rise in sales after shoppers returned to high streets as Covid restrictions eased The Guardian - UK · Aug 2, 2022
AG Barr takes 'mitigating action' against cost inflation Drinks producer reports strong first half trading, with full year results looking in line with expectations Insider UK · Aug 2, 2022
Why does the RBA keep hiking interest rates? It's scared it can't contain inflation There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. They’ve been falling consistently for a month. The Conversation · Aug 2, 2022
Families to feel ‘sting’ of RBA rate hike: Chalmers Treasurer Jim Chalmers says today is “another difficult day for Australian home owners” after the RBA lifted official interest rates to a six-year high. The New Daily · Aug 2, 2022
Tuesday briefing: Why hunger is as big a threat as Covid In today’s newsletter: The war in Ukraine, spiralling inflation and the climate emergency are affecting food security. John Vidal explains the links between inflation, war, the climate emergency and food security The Guardian - UK · Aug 2, 2022
RBA interest rates: Reserve Bank lifts official cash rate by 50 basis points to 1.85% Decision is fourth monthly rise in a row, as Australia’s inflation rate soars beyond target range of 2% to 3% The Guardian - AU · Aug 2, 2022
Reserve Bank hikes official interest rates to six-year high The Reserve Bank has lifted the cash rate by another half a percentage point as it seeks to rein in rising inflation. It's the fourth rate hike since May. The New Daily · Aug 2, 2022
Interest rate updates: RBA increases cash rate for fourth consecutive month to curb rising inflation — as it happened The Reserve Bank has raised the cash rate for the fourth time in as many months to curb inflation. Look back at how our experts unpacked what this means for you in our blog. ABC News · Aug 2, 2022
School spending power to stay below 2010 levels as inflation drives up costs New prime minister faces decision on new cash injection to avoid ‘stagnation’ The Independent UK · Aug 1, 2022
TNSC recommends exporters refocus on regional markets Thai exporters have been warned to brace for the impact of China's economic uncertainties in the second half of the year on top of the looming global recession, runaway inflation and energy crisis. Bangkok Post · Aug 1, 2022
Amid inflation woes, off-price retailers like Dick's Going Going Gone fare well At the Monroeville (Pa.) outpost of discount sporting goods store Going Going Gone, customers in search of sneakers are in luck. Footwear spans a long line of shelves — and then stretches along the warehouse's backside like a Great Wall of shoes. Tribune News Service · Aug 1, 2022
Reason · Aug 1, 2022 Does the Democrats' New Inflation Bill Have Anything To Do With Inflation? Plus: The editors each analyze their biggest “I was wrong” moment from past work.
The Independent UK · Aug 1, 2022 Treasury says borrowing needs increased by $262 billion The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio
Tribune News Service · Aug 1, 2022 Chaos in bond market is dangerous side effect of inflation fight In their crusade to get rampant inflation under control, the world’s major central banks risk fueling further chaos in bond markets that play crucial roles for the economies they’re trying to protect.
Reuters · Aug 1, 2022 Argentina's economy superminister appoints top advisers Argentina's new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the deterioration of the South American country's economy.
StockNews.com · Aug 1, 2022 1 Stock to Avoid as Inflation Bites Into Its Business Shares of outdoor cooking products manufacturer Weber (WEBR) have plummeted nearly 49% in price year-to-date. The company reported disappointing second-quarter 2022 results and hinted at declining growth as the management withdrew its fiscal year 2022 net sales and earnings guidance amid mounting inflationary and supply chain pressures. So, the stock…
The Canberra Times · Aug 1, 2022 Barr has eyes on inflation ahead of 11th ACT budget Mr Barr said he was optimistic about the ACT's labour market and the territory's overall capacity to weather tough global economic conditions.
StockNews.com · Aug 1, 2022 2 ETFs to Focus on Following Big Tech Earnings Amid increasing concerns over multi-decade high inflation and aggressive interest rate hikes, better-than-expected earnings of many tech giants have aided the stock market rally. Therefore, we think it could be wise to invest in tech-focused ETFs ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Innovator Nasdaq-100 Power Buffer ETF –…
StockNews.com · Aug 1, 2022 3 Dividend-Paying Stocks to Consider During a Recession Rising inflation, the Fed’s hawkish stance to tame it, and an economic contraction for two consecutive quarters have stoked fears of a recession in the U.S. economy. Amid the likely economic downturn, investors could consider investing in stocks that provide a steady income in the form of dividends. Therefore, we…
The Guardian - AU · Aug 1, 2022 Australia’s official interest rates expected to rise by half-percentage point, economists say Experts predict RBA interest rate decision today will lift cash rate to 1.85%, marking a 175-basis point increase since May
The Guardian - AU · Aug 1, 2022 Warren Entsch may support Labor’s climate target if he can be shown it’s not a ‘brain fart’ Liberal MP says he is open-minded on bill but doesn’t want it to become an ‘impost on the community’ amid high inflation
The Guardian - UK · Aug 1, 2022 Food prices soaring in developing world amid Ukraine crisis, World Bank finds Lebanon is worst-hit by food inflation after food grain store explosion in Beirut in 2020