Stock news - rates in England, deficits in Europe and the USA, corporate reviews
• British inflation may have returned to its 2% target for the first time in almost three years, setting the stage for the Bank of England to cut interest rates. Wage growth and underlying price pressures remain a concern for the central bank, which said a return to target for inflation alone is not enough to start cutting interest rates. Data on Wednesday showed annual consumer price inflation was 2% in May, slowing from April's 2.3%, although service price inflation, which the Bank of England says provides a better picture of medium-term inflation risk, was 5.7%. exceeding estimates.
Bank...