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BUSINESS LIVE: FTSE slips on stagflation fears; Lacklustre GDP growth

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BUSINESS LIVE: FTSE slips on stagflation fears; Britain records lacklustre GDP growth; Hilton Food Group raises £75m for takeover










Britain’s economy grew by just 0.1 per cent in October, well below the 0.4 per cent forecast by economists, Office for National Statistics figures show.

GDP remains 0.5 per cent smaller than it was before the first Covid-19 lockdown in February 2020, and the latest weak growth reading adds to expectations the Bank of England will next week keep interest rates on hold once again next week.

Hilton Food Group is planning to issue new shares in efforts to raise £75million in order to execute the proposed acquisition of Dutch seafood company Foppen.

The board of HFG said the deal offers diversification, an expanded customer base and scale.

Ministers must consider an online sales tax to ease the burden on the High Street, MPs have urged.

The Government should also push ahead with a sweeping review of neglected town and city centres post pandemic, according to a report from Parliament’s levelling up, housing and communities select committee.

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Weak October growth adds to expectations the Bank of England will keep interest rates on hold once again at its 16 December MPC meeting

Weak October growth adds to expectations the Bank of England will keep interest rates on hold once again at its 16 December MPC meeting 

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