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UK rate rise less likely after surprise inflation fall

  Inflation in the United Kingdom unexpectedly cooled to a one-year low in March, according to figures that raise some doubts over bets the Bank of England will raise interest rates in May. Sterling tumbled below $1.42 and British government bond prices shot, easing up after official data yesterday showed …

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Costa Coffee vows ‘cup recycling revolution’

The UK’s biggest coffee chain Costa Coffee has said it will recycle as many disposable cups as it sells by 2020 in a “cup recycling revolution”. Under the scheme, 500 million coffee cups a year would be recycled, including some sold by rivals, it said. It will encourage waste collection …

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BlueBay backers row into DunPort fund

  ESB’s pension scheme is understood to have backed DunPort Capital Management’s new €283m fund as the alternative lender attempts to capitalise on an ongoing credit crunch afflicting SMEs. The Dublin-based firm yesterday announced a first close on its inaugural Elm Corporate Credit vehicle, which intends to target businesses with …

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National Broadband Plan gets €500m EU boost

The state’s National Broadband Plan, which promises to connect 542,000 rural homes and businesses to fibre-grade broadband over the next three years, is to get access to €500m in EU financing from the European Investment Bank (EIB). The move will give renewed impetus to the project, which has been beset …

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Oil holds gain as traders weigh trade against US stockpiles

Tokyo – Oil held gains above $65 a barrel as investors weigh easing trade tensions between the world’s two biggest economies against concerns over rising US crude stockpiles. Futures in New York were little changed after climbing the most in eight months on Tuesday. President Donald Trump praised conciliatory remarks …

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