In July 27th, the salute and warm applause, the Russian Grand circus national tour began the first performance of the Xining Railway Station.
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Sunday 15 January 2017 4:22 pm Share Latest ONS data expected to show inflation at 1.5 per cent Ashley Coates Data released by the Office for National Statistics this week is likely to show an uptick in inflation, a sign that the fall in the value of the pound is having an impact on prices.An inflation rate of 1.5 per cent in the consumer prices index for December would be a significant increase on 1.4 per cent for November, and 0.9 per cent for October. This would bring the average rate of inflation to 0.7 per cent for 2016, after a flat 2015, and the highest rate seen since August 2014. Economists are expecting inflation to reach the Bank of England’s target of two per cent soon, and continue on to reach 2.5 per cent by June. whatsapp Higher fuel prices are also believed to have been a reason behind for the rise, with global oil prices now at an 18-month high. The RAC recently reported that prices for petrol and diesel had gone up by 3p/litre in December to reach their highest since July 2015.The British Retail Consortium remarked in their December survey that “the majority of the categories we monitor, particularly non-food, saw month-on-month increases in prices, with clothing and footwear seeing month-on-month inflation for the first time in nearly two years”. Despite having a good Q4, retail sales are expected to have softened in December, following strong performance in the proceeding two months.Alan Clarke, an economist at Scotiabank, had warnings for what the data might mean for the UK economy “with headline average earnings growth down to just 2 per cent, real earnings growth will turn negative…In turn, this is likely to be the main reason to expect economic growth to slow, as non-existent real earnings growth holds back household consumption.”Also released on Wednesday will be the monthly labour market data. Analysts at INS Global Insight say they are anticipating “cracks” to show in the UK employment rate.Howard Archer, chief UK and European economist at IHS Global Insight said “the upside for consumer price inflation should be constrained by markedly weaker UK economic activity over the coming months and softer labour markets limiting domestic price pressures. Slack in the economy is likely to widen anew, while companies will be keen to keep earnings growth down to contain cost”. whatsapp read more
whatsapp Patisserie Holdings currently has 180 stores in the UK, operating under five different brands: Patisserie Valerie, Druckers – Vienna Patisserie, Philpotts, Baker & Spice and Flour Power City. The first Patisserie Valerie was opened on Frith Street in London’s Soho in 1926.Read more: Patisserie Holdings unveils sweet resultsPatisserie Holdings has been listed on the Alternative Investment Market (Aim) since 2014 and is currently seeking opportunities to expand.Risk Capital Partners has owned Patisserie Holdings since 2006, when the company had eight sites in Central London.Patisserie Holdings and Kout Food Group have been asked for comment. Tuesday 17 January 2017 4:51 pm Patisserie Valerie owner nears takeover of upmarket chain founded by Raymond Blanc The owner of Patisserie Valerie is nearing a deal to take over an upmarket bakery chain founded by celebrity chef Raymond Blanc.City A.M. understands Patisserie Holdings came out on top in a competitive bidding process for 13 Maison Blanc sites and has agreed terms for a deal, with the final details being ironed out. Share William Turvill Kout Food Group, which also owns Little Chef, instructed property agent Davis Coffer Lyons to sell Maison Blanc’s stores in September.There has been uncertainty around the future of the group and its 300 employees in recent months and it is believed the sites would be used for existing Patisserie Holdings brands.Read more: Low-cost cakes beat Brexit blues as Patisserie Valerie owner’s profits riseThe patisserie group, which has stores in Hampstead, Muswell Hill and St John’s Wood, was founded by Blanc in 1981, though he is no longer involved in the business.In 2015, Maison Blanc reported revenues of £8.5m, down from £10.4m in 2014, and a pre-tax loss on ordinary activities of £3.5m, down from a loss of £3m. whatsapp read more