The News Craving
Published by
Reuters UK
Reuters UK
By Lawrence White and Iain Withers LONDON (Reuters) -Nationwide Building Society reported its annual profit nearly doubled on Friday, but warned rocketing inflation in Britain could dent the economy and lower house prices. The customer-owned lender reported a pretax profit for the year ended April 4 of 1.6 billion pounds ($2.00 billion), up from 823 million pounds the previous year. But CEO Joe Garner warned price rises were starting to hurt customers, with inflation hitting levels not seen since the 1980s in Britain due to soaring fuel prices and supply chain disruptions worldwide. “The emerg…