Taking Stock on Wednesday 18th October 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
This is the first thing you should look at when researching a company
Companies discussed on “Taking Stock” today:
Card Factory #CARD 03:30
Marks & Spencer #MKS 03:40
Cirata #CRTA 06:17
Gama Aviation #GMAA 06:30
Bushveld Minerals #BMN 07:48
Union Jack Oil #UJO 09:50
Destiny Pharma #DEST 12:00
Oxford Biodynamics #OBD 12:20
Ondine Biomedical #OBI 16:13
Supreme #SUP 20:47
Avacta #AVCT 22:55
Cirata #CRTA 23:57
Sosandar #SOS 28:15 & 37:50
Metro Bank #MTRO 30:22
Hardide #HDD 31:20
Manolete Partners #MANO 34:35
TOP BUSINESS STORIES
Inflation: Milk, cheese and egg prices fall as petrol rises
Food prices saw their first monthly fall in two years in September, but fuel prices rose sharply, official figures show.
It came as the overall rate of inflation held steady at 6.7%, ending a run of three consecutive monthly falls.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
But petrol increased by 5.1p per litre, hitting drivers at the pumps.
ONS chief economist Grant Fitzner said, "If you look across Europe, many countries have seen either periods lately of no change or in some cases of actual increases in the headline rate, before they started to resume their falls."
UK Inflation data CPI Year on year to September
Actual: 6.7%
Forecast: 6.6%
Previous: 6.7%
CPI month on month to September
Actual: 0.5%
Forecast: 0.5%
Previous: 0.3%
UK employers see pay growth slowing to 5% in 2024
British employers expect to give staff average pay rises of 5% during the 12 months to the end of September 2024, down from 6% over the past year, a survey showed on Wednesday in a further sign that Britain's labour market is softening.
"After a year of strong pay growth driven by a tight labour market, signs of a cooling market are beginning to emerge, influenced by a sustained period of higher interest rates," said Sheila Attwood, senior content manager at XpertHR.