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Il y a 7 heures · The British Retail Consortium shop price index (measuring prices in selected stores in the UK) sank to a 0.2% y/y rate. Is this the end of profit-led inflation? Profit-led inflation occurs when retailers use a dominant narrative to disguise profit increases when raising prices. However, at some point, price increases become the dominant narrative and consumer rebellion defeats margin expansion.
Il y a 1 jour · Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday (Jul 1), adding that the head of the Credit Suisse business was leaving the bank. Andre Helfenstein, CEO of Credit Suisse Switzerland, has decided to leave the bank following the merger of UBS Switzerland ...
