US Foods (USFD) says Inflation remains modest; Q1 inflation plus mix was only ~1.5%, below the industry “sweet spot” of 2–3%
IAEA says the Iranian nuclear risk is seen higher than before the Trump attacks began
Barclays (BARC LN) affirms 2026 RoTE >12% and 2028 RoTE >14%; Q1 RoTE of 13% was achieved despite 170bps drag from motor finance and a single name item
US Foods (USFD) says Inflation remains modest; Q1 inflation plus mix was only ~1.5%, below the industry “sweet spot” of 2–3%
Newsquawk Daily US Equity Opening News: MRVL surge continues; PANW turns lower despite beat-and-raise
US ADP Employment Change (May) 122K vs. Exp. 110K (Prev. 109K, Low. 65K, High. 137K)
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- Most inflation is still in proteins, while fertiliser-related vendor pass-through has been modest so far.
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