1. Bank of England hikes interest rates
The widely expected move is the 12th consecutive rise by the UK central bank and leaves interest rates at their highest level since 2008 as the battle to tame double digit inflation continues.
2. Rolls-Royce’s update does little to excite
No financial numbers were released and the statement included no unexpected commentary, said UBS, with end market demand as measured by flying hours in line with expectations and guidance.
3. FTSE 100 closes lower
FTSE saw a slight recovery in the final leg of Thursday trades, but closed around 0.1% lower from yesterday’s closing price.
RollsRoyce remained the poorest performer for the day, having dipped 6.5% after a lukewarm trading update.
4. Adidas plans to donate revenue from Yeezy
Gulden said the stock would not be destroyed but the company will “try to sell parts of the product” and donate the profit to charities supporting individuals "who were hurt" by West’s words.
5. Binance may be eyeing a London IPO
Hillman stated that Binance would do “everything we possibly can” to gain regulatory recognition in Britain, where prime minister Rishi Sunak has taken strides in promoting the country’s crypto credentials.