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Toyota chair Akio Toyoda suffered a drop in shareholder support at the Japanese carmaker’s annual general meeting, as investors took him to task over the group’s governance issues.on Tuesday on the back of record profits and a hybrid vehicle boom that has helped vindicate the group’s strategy of betting on multiple technologies at once.
London’s FTSE 100, which includes many international and overseas companies, fell 0.3 per cent. The mid-cap FTSE 250, which consists of companies whose fortunes are more tied to the UK economy, lost 0.1 per cent. The move comes as the UK inflation rate fell to 2 per cent in May, in line with economist expectations. However, services inflation — which is closely watched by the BoE — was higher than expected at 5.7 per cent.Share $Traders reduce bets on BoE rate cut by August on Facebook Sir George Iacobescu will step down as chair of Canary Wharf Group after 36 years of steering the growth of the docklands financial district, to be succeeded by former L&G chief Sir Nigel Wilson.
The inflation figures come ahead of the Bank of England’s interest rate decision on Thursday, when policymakers are widely expected to hold the bank rate at 5.25 per cent.Share $Sterling shrugs off 2% inflation on Facebook Inflation has hit the UK’s 2 per cent target for the first time in three years, delivering a fillip to Prime Minister Rishi Sunak as he seeks to turn around his struggling election campaign.
Stocks of the metal in Shanghai Futures Exchange warehouses have grown to their highest level since 2020 at about 330,000 tonnes this month, according to Bloomberg data. US stocks closed at a record high for the second straight day on Tuesday. Markets there will be closed on Wednesday for the Juneteenth holiday.Share $Markets update: Hong Kong stocks rise after Wall Street’s record close on X Share $Markets update: Hong Kong stocks rise after Wall Street’s record close on LinkedIn Chinese Premier Li Qiang arrives in Malaysia, where he is expected to sign a memorandum of understanding on Beijing’s Belt and Road Initiative and a.
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