Bank of England Official: Markets Overestimate Rate Cuts; Co-op Bank Cuts Jobs; Grocery Inflation Slows but Households Struggle; Neumann Bids for WeWork; ASOS Sales Drop

Bank of England policymaker Catherine Mann says financial markets are pricing in too many interest rate cuts from the central bank
The Co-operative Bank is cutting 400 jobs, 12% of its workforce, as part of a major restructuring plan
Grocery inflation in the UK has slowed to 4.5%, but many households are still struggling financially
Former WeWork CEO Adam Neumann has bid over $500 million to buy back the co-working company after it went bankrupt
Online fashion retailer ASOS reported an 18% drop in sales amid efforts to reduce excess inventory