Morwenna Coniam

2 weeks ago | bloomberg.com | Morwenna Coniam |Sam Unsted

And closer to home, negotiators for the European Union and the UK have reached a deal to strengthen their bilateral relationship ahead of a summit meeting today, Alberto Nardelli reports. The agreement includes a defense and security partnership, a joint statement on working together on geopolitical challenges such as Russia’s war in Ukraine and a “common understanding” on a range of other issues.

4 weeks ago | bloomberg.com | Morwenna Coniam |Sam Unsted

While we were digesting everything that had happened for the UK, Trump has been turning his attentions to China. The Trump administration is weighing a dramatic tariff reduction during weekend talks with China, Shawn Donnan reports. The US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match, he says, citing people familiar with preparations for the talks.

1 month ago | bloomberg.com | Morwenna Coniam |Sam Unsted

Train ticketing portal Trainline has reported profit for the year which beat analyst estimates. Ticket sales rose 12% from a year earlier, the firm said. It plans to expand in Europe after success in Spain, where net ticket sales almost tripled in two years, with plans to deploy a similar strategy in Italy and France. CEO Jody Ford said: “Looking ahead, liberalised routes across Europe will be worth €12 billion by 2030, almost three times their size today.

1 month ago | bloomberg.com | Isabella Ward |Morwenna Coniam |Sam Unsted

AB Foods reported a 12% annual drop in operating profit for the 24 weeks to March and cut guidance for their sugar businesses. They cited persistent low European sugar prices and an operating loss in their UK bioethanol business, Vivergo, as offsetting growth in the Primark owner’s retail businesses.

1 month ago | bloomberg.com | Morwenna Coniam |Alex Morgan |Isabella Ward |Dave Goodman

Coming up at the top of the hour we have consumer price inflation data for March. The headline figure is expected to show inflation slowed slightly to 2.7% from a year earlier, while held at 0.4% on a monthly basis. And economists see the key services reading falling to 4.8% from 5% last year.