The central bank’s Monetary Policy Committee is widely expected to hold interest rates at 5.25%.
Concord has said its offer is ‘final and will not be increased’ despite being outbid by rival Blackstone.
The outlook for a summer interest rate cut should become clearer today when the Bank of England publishes its latest economic forecasts. Interest rates are set to stay at a 16-year high of 5.25%, with the focus on whether inflation has been tamed to allow a rate cut as soon as next month. On the corporate front, Balfour Beatty, ITV and BAE Systems have posted updates while Watches of Switzerland has bought an American retailer.
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