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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.

Britain awards $3.3 billion in submarine work to BAE Systems

Reuters
FILE PHOTO: A sign adorns a hangar at the BAE Systems facility in Salmesbury, Britain, March 10, 2016. REUTERS/Phil Noble/File Photo

LONDON (Reuters) - Britain on Monday awarded defense firm BAE Systems (BAES.L) 2.4 billion pounds ($3.26 billion) to work on two submarine programs, the company said in a statement.

The Ministry of Defense gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds for the next phase of the Dreadnought submarine program, the company said.

(Reporting by Alistair Smout; editing by Kate Holton)