Business News

The Bank of England has held interest rates at 3.75% but signalled that further cuts are now "likely" later in the year as inflation falls back to the Bank's 2% target faster than expected.

Andrew Bailey, Governor of the Bank of England, is not given to emotional outbursts or shooting from the hip.

The Bank of England's decision to hold interest rates was short on action but strong on signals that a rate cut this spring is now more likely than not.

Northern towns could be in line for a funding boost after complaints from MPs that a new system for allocating cash to councils favours London.

John Healey, the defence secretary, has held urgent talks with the boss of Leonardo, the Italian defence contractor, amid fears for thousands of jobs at a military helicopter factory in Somerset.

The housebuilder Barratt Redrow, Heathrow Airport and the outsourcing giant Mitie are among a group of businesses backing the launch of a coalition aimed at tackling barriers to investment in local areas across Britain.

US newspaper The Washington Post is making a third of its staff redundant, bosses at the title have said.

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The FTSE-100 oil giant Shell is close to unveiling a revamped boardroom pay policy which would see its boss handed a multimillion-pound annual pay incentive.

A wealth platform which targets professionals whose finances are becoming increasingly complex is raising nearly £8m from a syndicate of investors.