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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Pound below $1.20, Ericsson layoffs, US inflation

Economy United Kingdom

A closely-watched consumer confidence benchmark today posted its highest reading since April as hopes build over the outlook for the UK economy.

GfK posted a better-than-expected score of minus 38, representing the biggest monthly improvement in nearly two years but still much weaker than before the pandemic.

In today’s corporate results, British Airways owner International Airlines Group reported a profit of 1.2 billion euros (£1bn) for 2022 and said it expected a surplus of between 1.8 billion and 2.3 billion euros (£1.6bn-£2bn) in the current year.

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