Refresh provides updates on the upcoming inflation figures, with market research company Kantar reporting an increase in grocery prices and expectations of higher inflation. Wages have also risen, potentially impacting future inflation rates, leading to predictions that the Bank of England will keep interest rates steady. Analysts forecast a rise in the Consumer Prices Index, citing factors like higher energy prices and increased costs.
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UniCredit raises stake in Commerzbank to 28% through derivatives
UniCredit has increased its potential stake in Commerzbank to 28% through derivatives, signaling a possible buyout of the German lender. The Italian bank's move is seen as a strategic investment to unlock value within Commerzbank, amid CEO Andrea Orcel's pursuit of a bid for Banco BPM in Italy. UniCredit's interest in Commerzbank comes as the German government faces political turmoil and uncertainty, with the potential merger offering synergies in various financial activities. Full Article
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