$Meituan(03690)$ is growing into a one-stop local service provider, partner and platform ecosystem for consumers, merchants, and suppliers. Meituan’s 1Q21 results came in above expectations, with robust results across all 3 business segments. Non-IFRS net loss of RMB3.9b came in slightly better than consensus expectation of a loss of RMB4.0b. On the ongoing investigation by the SAMR, Meituan notes that exclusive partnerships have been prohibited, but there has not been any significant impact on its day-to-day operations. On rider benefits, Meituan plans to cover additional injury-related insurance for its 1P riders, which we believe adds up to ~RMB0.05 of extra rider costs per delivery, likely to be less than what the market had feared in our v
@kytphine:Why is UK inflation higher than other countries? The UK's inflation rate jumped unexpectedly last month with the cost of living rising faster here than in most of the world's advanced economies. Price rises rose by 10.4% in the year to February, in contrast to the US and the Eurozone where inflation has eased to 6% and 8.5% respectively. Inflation is volatile and reading too much into one month's figures would be a mistake, however, the UK's inflation rate has been persistently higher on average compared to the US and other large economies in Europe over the past year. With the cost of living continuing to eat away at household budgets - many are starting to ask: Does the UK have its own inflation problem? 1. Food price rises One of the main drivers of February's inflation rise was the pri