Rolling coverage of the latest economic and financial news, as cigarette maker Philip Morris and private equity group Carlyle battle to own UK health company
- Latest: US job openings hit record
- Oil hit by China’s Covid-19 restrictions.
- Auction process looms for Vectura… after Philip Morris bids £1bn
- Anti-smoking campaigners and politicians have criticised sale to PMI
- Deliveroo shares jump 10% after Delivery Hero builds stake
- Morrisons takeover battle extended as CD&R given more time to bid
That’s all for today – here’s our main stories:
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Related: Morrisons suitor CD&R given more time to make rival offer
Related: Deliveroo shares rise after rival Delivery Hero takes 5% stake
Related: Rothermere agrees deadline extension to take Daily Mail owner private
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Related: Macquarie wades back into UK with majority stake in Southern Water
Related: UK recovery still unsteady despite July job surge, finds report
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US consumers have lifted their medium-term inflation expectations to the highest in eight years.
A new survey from the New York Federal Reserve found that Americans expect inflation to be 3.7% in three years, up from 3.6% predicted in June. That’s the highest reading since August 2013.
U.S. consumers’ expectations for inflation over the medium term rose to an eight-year high, according to a New York Fed survey https://t.co/sl2GzEgSbm