Latest news with #AnkitaYadav
Yahoo
5 days ago
- Business
- Yahoo
UK stocks muted as inflation data dims interest rate cut bets
By Ankita Yadav (Reuters) -London's main stock indexes were subdued on Wednesday, as a stronger-than-expected rise in domestic inflation slightly cooled bets of interest rate cuts from the Bank of England. The blue-chip FTSE 100 was up 0.2% as of 1035 GMT, while the midcap FTSE 250 index was flat. Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, as higher costs of motor fuel, transport and food pushed up prices. "There is a real threat of stagflation as the rate of inflation moves higher and the economy is stuck in the mud. It puts the Bank of England in a tricky situation with regards to monetary policy decisions," said Dan Coatsworth, investment analyst at AJ Bell. The central bank is largely expected to cut interest rates by a quarter-point in August after recent economic data fuelled concerns of weaker domestic growth and labour market, but the chances of such a move dimmed after Wednesday's inflation data. The BoE will closely watch the employment and wages figures due on Thursday. Meanwhile, UK finance minister Rachel Reeves on Tuesday announced measures to boost the finance sector, including reforming requirements for banks to separate retail and investment banking activities, easing regulations and a plan to get more savers investing in stocks. In corporate updates, AstraZeneca fell 1.1% after the drugmaker's experimental therapy, anselamimab, failed to meet the main goal of a late-stage study for the treatment of AL amyloidosis, a rare condition that causes a buildup of protein deposits in the body. Rio Tinto rose 1.3% after the mining giant reported its strongest second-quarter iron ore production since 2018, a day after promoting its iron ore chief Simon Trott to CEO. Antofagasta edged up 0.5% after the Chilean miner said its copper production rose 11% in the first half of 2025, on improved output from its two concentrators.
Time of India
04-07-2025
- Time of India
Prayagraj girl poses with firearms on social media, booked
Prayagraj: Prayagraj police have booked a 24-year-old girl local girl after photos and videos of her posing with firearms surfaced on social media. The girl, identified as Ankita Yadav of Tularambagh (Georgetown), had uploaded content on social media account under title "Yaduvanshi Sherni" asking her followers to call her during any crisis, as her group was available to help round-the-clock. DCP (City) Abhishek Bharti told TOI that police came to know about her when a netizen alerted the cops through his X handle. He said Yadav posed with guns to impress her peers. "An FIR under section 30 of the Arms Act was lodged at Georgetown police station and police was compiling evidence to grill Yadav. Further legal action will be initiated accordingly," he said. The DCP added a probe will be conducted about the validity of weapons and ascertain the identity of the licence holder. "If the arms are licenced, the cancellation process would be initiated as per norms," the DCP said.
