UK Supermarket Asda Returned to Profit in 2023

Made pretax profit of 180 mln pounds in 2023 Industry data shows Asda losing market share LONDON, June 28 Reuters Asda, the British supermarket group which is 10 owned by U.S. giant Walmart, said on Friday it returned to a pretax profit in its 2023 financial year, even though it lost market share to rivals […]
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Oil Up ahead of US Inflation Data, Set for Third Weekly Gain

Brent August contract expires Friday U.S. personal consumption inflation data due at 1230 GMT BENGALURU, June 28 Reuters Oil prices rose on Friday and were on course for a third straight weekly jump, buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and in anticipation of U.S. inflation data […]
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US Dollar Weakens vs Yen as Inflation Moderates

U.S. PCE index unchanged in May, up 2.6 yearonyear Fed funds futures slightly lift rate cut chances in September Dollaryen up nearly 6 on the month Euro on track for biggest monthly fall since January NEW YORK, June 28 Reuters The U.S. dollar fell against the yen on Friday after data showed inflation in the […]
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FTSE 100 Opens Higher, on Track for Fourth Quarterly Gain

FTSE 100 up 0.5, FTSE 250 adds 0.1 UK economy grows 0.7 in Q1 Energy stocks gain over 1 on higher oil prices June 28 Reuters Britain39;s bluechip stock index opened higher on Friday, on course to log its fourth consecutive quarterly gain, after strongerthanexpected local economic growth numbers offset jitters ahead of U.S. inflation […]
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