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Bank of England cuts interest rates to 3.75%


By Michael Griffiths

The Bank of England (BoE) has announced a 0.25% cut to its base rate, bringing interest rates down to 3.75%, the lowest level since February 2023.

The latest move marks the sixth time the central bank has cut interest rates since August last year, when it started its cutting cycle from a peak of 5.25%


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Currys’ shares jump as it reaffirms guidance

Shares in Currys increased by 9% in early trading after the electronics retailer maintained its guidance for the financial year

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Diageo sells Kenyan drinks business to Asahi for $2.3bn

Diageo has agreed to sell its 100% shareholding in Diageo Kenya to Japanese listed global beverage firm, Asahi, for $2.3bn

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Bunzl publishes ‘indifferent’ outlook in trading update

Bunzl has delivered what analysts have described as an "indifferent" outlook for 2026, after reiterating its profit guidance for the current financial year

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Next plans takeover of Russell & Bromley

Next is reportedly planning an acquisition or at least taking a stake in family-owned shoe retailer, Russell & Bromley

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LendInvest agrees £175m funding with HSBC and AB CarVal

LendInvest Mortgages has announced a new long-term development finance funding partnership with AB CarVal and HSBC

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Ofwat confirms Wessex Water's £11m enforcement package

Ofwat has issued Wessex Water with an £11m enforcement package after the utilities firm failed to operate its wastewater network adequately to ensure it could cope with sewage and wastewater flows

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Nationwide fined £44m for financial crime control failings

Nationwide has been fined £44m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems

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Serica Energy acquires North Sea assets for £57m

Serica Energy has acquired a portfolio of Southern North Sea assets from Spirit Energy for £57m

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Hollywood Bowl confirms record revenue for fourth year

Hollywood Bowl has reached its record revenue for the fourth consecutive year, increasing by 8.8% to £250.7m in the year to 30 September

DBAY not intending to acquire TT Electronics

DBAY has announced that it has no intention of making an offer to acquire TT Electronics
Skanska Pension Fund completes £525m full buy-in with Standard Life

Skanska Pension Fund has completed a £525m full buy-in with Standard Life, securing the benefits of around 5,500 members
Workspace Group appoints CFO designate

Tom Edwards-Moss has been appointed as the chief financial officer (CFO) designate at the operator of sustainable, flexible workspaces, Workspace Group


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