1. Which country has the highest level of inflation?
If you’re after a ‘cheap’ holiday, given the rising cost of living, the surprising destination of South Sudan seems to be the best bet.
2. Double digit inflation by the end of the year
The Bank’s monetary policy committee raised rates by 25 basis points to 1%, based on votes from governor Andrew Bailey and five other MPC members, with the remaining voters pushing for a hike to 1.25%.
3. Windfall tax on UK Oil and Gas
Perhaps, it's easy to understand calls for a ‘windfall’ tax on their profits given the UK’s soaring energy utility bills and price of petrol at the pump. But, it is so straightforward?
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4. Modest gains for Footsie
At the close, the FTSE 100 index was up 9.82 points, or 0.1% at 7,503.27, just off the day’s low of 7,495.89 and well below the session’s hefty peak of 7,619.39.
5. Shell’s bumper profits
First-quarter earnings almost trebled year-on-year and were up 50% on the prior quarter. Cash flow from operations amounted to US$14.81bn and free cash flow was reported at US$10.5bn.
Let's take a look ahead at some of tomorrow’s news
Updates from IAG, Ted Baker, CMO Group and many more...