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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

Babcock chief executive Peter Rogers to retire in August

Reuters - UK Focus

LONDON, Jan 28 (Reuters) - British engineering and support services firm Babcock said chief executive Peter Rogers would retire in August and would be replaced by senior management executive Archie Bethel.

Babcock said Bethel, currently chief executive of its Marine & Technology division, would take on the role of chief operating officer from April (LSE: 0N69.L - news) to ensure a smooth handover of responsibilities.

Rogers, 68, has held the CEO role for nearly 13 years. (Reporting by Li-mei Hoang, Editing by Paul Sandle)