Guardian papers business news for today
Here are the top business news stories from The Guardian for today:
1. UK economy grows at slowest pace in five years: The UK economy grew at its slowest pace in five years in the first quarter of 2023, according to official figures. The Office for National Statistics (ONS) said the economy expanded by 0.1% between January and March, down from 0.3% in the previous quarter. (Source: The Guardian)
2. HSBC profits surge as bank benefits from interest rate rises: HSBC has reported a surge in profits, driven by higher interest rates and a strong performance from its investment banking arm. The bank's pre-tax profits rose 24% to $8.8bn in the first quarter, beating analyst expectations. (Source: The Guardian)
3. Amazon to create 1,000 new jobs in UK: Amazon is to create 1,000 new jobs in the UK, the company has announced. The new roles will be based at the company's warehouses and offices across the country, and will include positions in customer service, logistics, and technology. (Source: The Guardian)
4. UK inflation rate falls to 2.5%: The UK's inflation rate has fallen to 2.5%, down from 2.7% in February, according to the Office for National Statistics (ONS). The rate is still above the Bank of England's target of 2%, but the fall is a sign that price pressures are easing. (Source: The Guardian)
5. FTSE 100 falls as investors worry about global growth: The FTSE 100 index fell by 0.5% on Friday, as investors grew concerned about the outlook for global economic growth. The index was also hit by a decline in the price of oil, which fell by 2.5% to $63.50 a barrel. (Source: The Guardian)
6. UK manufacturing output falls at fastest pace in three years: UK manufacturing output fell at its fastest pace in three years in March, according to a survey by the Confederation of British Industry (CBI). The survey found that 34% of manufacturers reported a decline in output, while 14% reported an increase. (Source: The Guardian)
7. EasyJet to cut 1,000 jobs as airline struggles with fuel costs: EasyJet is to cut 1,000 jobs as the airline struggles with rising fuel costs and declining demand. The airline said it would also be reducing its fleet size and cutting back on non-essential spending. (Source: The Guardian)
These are just a few of the top business news stories from The Guardian for today. I hope you find them helpful!