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00:00Hello, and welcome to the latest Business Bulletin on Tuesday the 1st of April.
00:06British firms look set to be hit by Donald Trump's tariffs.
00:09Sakhir Sharma's government's been trying to negotiate an economic deal with the US,
00:13but Downing Street's now acknowledged the UK's unlikely to be spared.
00:17The US president's set to unveil import taxes on goods from countries around the world tomorrow,
00:23an event Trump has dubbed Liberation Day.
00:26The annual rate of house price growth remained stable in March at 3.9%.
00:30That means the rate is completely unchanged from February.
00:33The average UK house price in March was around £271,000.
00:39Food inflation continued to edge up in March, despite retailers doing all they can to avert
00:44pressures bearing down on the industry.
00:47Food prices overall are now 2.4% higher than last March, up from 2.1% in February.
00:53Alcoholic and non-alcoholic beverages saw hefty price increases thanks to duty changes
00:58and high global sugar prices.
01:01Travis Perkins has revealed a slump in sales and profits.
01:04Weaker pricing and waning demand has impacted its builders' merchants' business.
01:08The London-listed company said 2024 was a challenging year due to continued weakness
01:13in the UK construction market.
01:16And supermarket sandwich maker Greencore has said full-year earnings are set to be better
01:20than expected thanks to robust sales and efforts to keep costs under control.
01:25The food-to-go specialist said new customer wins help maintain strong revenue growth in
01:29its second quarter.
01:31It now expects underlying operating profits of £112 million to £115 million for the
01:37year to September 26th.
01:40That's all for today.
01:41More tomorrow.