Daily business briefing in under two minutes

Watch Daily business briefing in under two minutes - Insider Media on Dailymotion

Transcript

00:00Hello, and welcome to the latest Business Bulletin on Tuesday the 1st of April.

00:06British firms look set to be hit by Donald Trump's tariffs.

00:09Sakhir Sharma's government's been trying to negotiate an economic deal with the US,

00:13but Downing Street's now acknowledged the UK's unlikely to be spared.

00:17The US president's set to unveil import taxes on goods from countries around the world tomorrow,

00:23an event Trump has dubbed Liberation Day.

00:26The annual rate of house price growth remained stable in March at 3.9%.

00:30That means the rate is completely unchanged from February.

00:33The average UK house price in March was around £271,000.

00:39Food inflation continued to edge up in March, despite retailers doing all they can to avert

00:44pressures bearing down on the industry.

00:47Food prices overall are now 2.4% higher than last March, up from 2.1% in February.

00:53Alcoholic and non-alcoholic beverages saw hefty price increases thanks to duty changes

00:58and high global sugar prices.

01:01Travis Perkins has revealed a slump in sales and profits.

01:04Weaker pricing and waning demand has impacted its builders' merchants' business.

01:08The London-listed company said 2024 was a challenging year due to continued weakness

01:13in the UK construction market.

01:16And supermarket sandwich maker Greencore has said full-year earnings are set to be better

01:20than expected thanks to robust sales and efforts to keep costs under control.

01:25The food-to-go specialist said new customer wins help maintain strong revenue growth in

01:29its second quarter.

01:31It now expects underlying operating profits of £112 million to £115 million for the

01:37year to September 26th.

01:40That's all for today.

01:41More tomorrow.