1. Bank of England raises interest rates to 15-year high
The increase is the 14th in a row and was broadly expected, as authorities battle to bring inflation closer to the Bank’s 2% target.
2. Adidas and life after Kayne; the world of celebrity endorsements
Brand deals with celebrities can often be a chance for a company to access untapped markets, drive in new waves of customers, and therefore grow sales – especially if you incentivise them with shares.
3. FTSE 100 closes off the day’s lows
The FTSE 100 closed 41 points, 0.55%, lower pricing the blue-chip benchmark at 7,519 after an eventful day at the exchange and Bank of England.
4. Next weighs in with upgrade to year-end forecasts
So, once again we find the clothing retailer resetting expectations with a modest boost to earnings guidance - which goes from £835 million to £845 million.
5. Rolls-Royce now 'completely different beast' after strong results
Orders from airlines for 240 engines during the six months to June marked a three-fold increase on the 96 penned last year.