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BoE raises interest rates to 4%


By Goran Nastic

The Bank of England (BoE) has raised interest rates by 0.25% to 4%, as it attempts to contain rising inflation driven by higher energy prices and disruption to global supplies.

The Monetary Policy Committee (MPC) voted eight to one in favour of increasing the base rate to 4%


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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Vistry cuts jobs and reshapes business amid tough conditions

FTSE 250 housebuilder Vistry Group, which recently appointed a new CFO, is pushing ahead with a sweeping restructuring programme aimed at reducing debt, simplifying operations and restoring profitability

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Next increases guidance in Q3 update

Next has increased its total group sales and full price sales guidance for the full-year in its Q3 update

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Diageo trades in line with expectations in Q1

Diageo has performed in line with expectations in Q1, as its reported sales increased by 1.2% to $4.9bn in the three months to 30 September

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National Grid ups earnings guidance after first-half profits growth

National Grid has upgraded its full-year earnings guidance after reporting a 13% increase in underlying operating profit and accelerating investment across its UK and US energy networks

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M&S profits more than double despite cost pressures

Marks & Spencer more than doubled its adjusted pre-tax profits in the first half "despite the onslaught of cost headwinds", as the retailer continued its recovery from last year's cyber attack

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UK venture capital funding rises 77% despite fewer deals

The UK venture capital market attracted significantly more investment during the first nine months of 2026, despite investors completing slightly fewer deals, new figures have revealed

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Barratt Redrow share price jumps despite completions reduction

Shares in Barratt Redrow increased by over 2% in early trading after the housebuilder announced that its total completions fell by 12% year-on-year to 3,223 in the 17 weeks to 25 October

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Trainline reiterates guidance in HY update

Trainline has maintained its guidance for the full-year, as its group net ticket sales remained broadly flat year-on-year at £3.3bn

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Govt triggers media plurality probe into Sky-ITV deal

The government has launched a public interest investigation into Sky’s proposed acquisition of ITV’s media and entertainment business, citing concerns over media plurality, freedom of expression and the future provision of UK broadcasting services

VMO2 targets £800m savings as it scales back fibre investment

Virgin Media O2 is launching a major restructuring programme targeting £800m in annual cost savings by 2029, alongside plans to halt further investment in its fibre upgrade programme and make greater use of AI.

The telecoms operator expects to deliver £400m of annualised savings in 2027, rising to £600m in 2028
Drax and Brookfield in partnership for AI data centre development

Drax has agreed a partnership with Brookfield and its AI infrastructure platform Radiant to develop a potential gigawatt-scale data centre at Drax Power Station in North Yorkshire, in a project that could attract more than £20bn of investment
ABF struggles in ‘challenging operating environment’

Associated British Foods (ABF) has reported that it has traded in a "challenging operating environment" and against macroeconomic headwinds in the year to 12 September, as its profit before tax dropped 14% year-on-year to just over £1.45bn


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