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US GDP grew at a 3.4% annualized rate in the third quarter, exceeding expectations, while inflation rose to 3.7% in September, creating mixed economic signals ahead of midterm elections.
DoorDash will acquire grocery delivery service Instacart in a $17 billion deal expected to close within approximately one year, creating a combined platform serving meals, groceries, and retail items.
Poundland’s owner Gordon Brothers filed notice to place the budget retailer into administration, threatening up to 12,000 jobs as the union calls for reconsideration of the move.
Yorkshire Water’s chief executive Nicola Shaw has resigned following the company’s downgrade to the lowest environmental rating by the Environment Agency on Thursday.
BP’s third-quarter profits surged to $8.46 billion, significantly exceeding analyst expectations, driven by elevated refining margins and increased energy trading resulting from Middle East regional conflict.
UK house prices grew at their slowest pace in over two years at 0.5% annually in October, as elevated mortgage rates deter buyers and push the average property price to £273,566.
