The Latest Breaking News from Citi

Soaring energy bills to help send the cost of living sky high

Forecasts updated after 25% and 7% rally in gas and electricity prices respectively last week

Experts warn that inflation may rise by even more than the Bank of England fears, with energy bill rises pushing up the overall cost of living for millions of households

Dire new forecast says energy bills will reach £5,816 in April

City experts’ fears over energy price surge and claim rates could hit 7%

INVESTMENT bank Citi has predicted that UK inflation is on course to rise to 18.6 per cent in January – the highest peak in almost half a century.

FCA finds the bank failed to reach requirements on surveillance to identify market abuse

Western Digital Corp (NASDAQ:WDC) clocked 8% year-on-year revenue growth to $4.53 billion in Q4, beating the consensus of $4.49 billion. Non-GAAP EPS of $1.78 beat the consensus of $1.68. Barclays analyst Tom O'Malley had an Equal Weight and $55 price target. The market expected a reset, but the depths of decline and the exclusion…

There’s no dispute that the cost of consumer goods is soaring. The U.S. inflation rate rose 9.1 percent for the 12 months ending June 2022. With rising prices across many sectors, the prospect of shopping for your child’s school items can be daunting. What was once economical may now be…

UK households are cancelling streaming service subscriptions, citing the need to cut comforts to afford increasingly expensive necessities such as food and fuel.

The stock market rally retreated as inflation surged to a fresh 40-year high, but pared losses late in the week as earnings season picked up.