All bets off for 率 削減（する）s as US インフレーション 戦う／戦い 激怒（する）s, says?ALEX BRUMMER
Britain’s economy may have ‘turned the corner’ but hopes of 早期に 利益／興味 率 削減（する）s, 緩和 borrowing 条件s for 商売／仕事 and 圧力 on homeowners, are 退却／保養地ing.
America’s growth spurt and 強化するing 労働 market are keeping up 圧力 on prices across the 大西洋. 回復するing インフレーション to the 連邦の Reserve’s 2 per cent 的 is a struggle.
Headline 消費者 prices in the US climbed 3.5 per cent in March に引き続いて a 3.2?per cent rise in February.?
Closely-watched 核心 インフレーション, which 除外するs volatile 石油 and good prices, 増加するd over the last three months at an 年次の 率 of 4.5 per cent.
The door has slammed on a June 利益／興味 率 削減（する）. Instead of six or seven 削減s in US 率s this year markets are now 予測（する）ing just two, ending the year with a 連邦の 基金s 率 of 4.75 per cent-to-5 per cent.
Constrained: A 用心深い Bank of England is ありそうもない to 急ぐ to 削減（する） 率s even thou gh the economy 不正に needs a 上げる まっただ中に 不振の 生産（高）
The US has direct 衝撃 on Britain. The 続けざまに猛撃する fell, the FTSE 100’s glorious 進歩 toward 8,000 was stunted and gilt-辛勝する／優位d 産する／生じるs ticked 上向きs.
潜在的に, UK cost of living could 傾向 負かす／撃墜する more quickly than the US.
But a 用心深い Bank of England is ありそうもない to 急ぐ to 削減（する） 率s even though the economy 不正に needs a 上げる まっただ中に 不振の 生産（高）. The value of the 続けざまに猛撃する does not dictate 利益／興味 率 決定／判定勝ち（する）s.
Yet a 削減（する） in UK bank 率 from 5.25 per cent, at time when borrowing costs in the US are on 持つ／拘留する, would 危険 弱めるing the 続けざまに猛撃する and 社債 prices. Lower 英貨の／純銀の raises 輸入する costs.
The Bank has overdone the 通貨の squeeze and せねばならない 緩和する. But the US’s 耐えるing fight against インフレーション has put the kibosh on that.
Mu rphy’s 法律
Tesco continues to make ground at the expense of 競争相手s.
In spite of price 競争 from German upstarts Aldi and Lidl and the 質 challenge from Waitrose and M&S, the nation’s most powerful grocer 増加するd market 株 in the 2023-24 財政上の year, 地位，任命するd the highest pre-税金 収入s for a １０年間 and 事業／計画（する）s operating 利益（をあげる）s of £2.8billion in the 現在の year.
The 規模 of profitability, when cost of living 圧力s were 圧力（をかける）ing, 誘発するd dissonance ? the 部隊 union （刑事）被告 it of ‘raking in mountains of cash’.
Better though that Tesco’s buoyancy 利益s 投資家s in the UK through an uplift in （株主への）配当s and a £1billion 株 buyback.
In 事例／患者 部隊 didn’t notice, some 220,000 同僚s will 株 a £70million ‘thank-you’ 支払い（額）, 価値（がある） 1.5?per cent of 年次の income, which would mean a 十分な-time 従業員 taking home an extra £300.
That is dandy but will look mean when the board 支払う／賃金 報告（する）／憶測 surfaces in the coming days. 長，指導者 (n)役員／(a)執行力のある Ken Murphy pocketed £4.4million in the previous year.
By the 基準s of food 供給者s, Unilever’s 利益（をあげる） 利ざや is above 16 per cent, Tesco cannot be （刑事）被告 of ‘greedflation’, with a 利ざや of 4.1 per cent.
The group is 支えるd by the difficulties of some competitors. Asda and Morrisons have been squeezed by 私的な 公正，普通株主権 所有権 which has clobbered them with 財政／金融ing costs.?
On the 加える 味方する it has competed 井戸／弁護士席 by price matching with Aldi, through its Clubcard 忠義 card and a 二塁打-digit 増加する in sales from its upmarket ‘Finest’ 範囲.
This may have drawn sales from Waitrose. One 推定する／予想するs the new John 吊りくさび/Waitrose chairman, Tesco 追放する Jason Tarry, may have answers to that.
Murphy’s work on combatting 万引 and 強襲，強姦s on staff, 開始する，打ち上げるd in The Mail on Sunday, is 支払う／賃金ing off with Rishi Sunak’s 決定／判定勝ち（する） to make attacks on shop 労働者s a 明確な／細部 犯罪の offence.
Supermarket staff, in the 前線 line of a 戦う／戦い with bad behaviours, need support.
Mud Hut
As a growth online distributor, Matt Moulding’s The Hut Group, now called THG, is 裁判官d on 歳入s and 収入s before 利益／興味 and 価値低下.
So it is disappointing that sales in all three main 部類s ? Beauty, 栄養 and Ingenuity (the tech arm) ? dropped in 2023. All very コンビナート／複合体 ? but adjusted 収入s still reached £120.4million.
We are told Beauty perked up in the final ４半期/4分の1 and 投資 in AI and automation should 改善する 結果s. 強固にする／合併する／制圧するd accounts show 全体にわたる losses halved, at £248,372.?
Happy days 延期するd.
