1. FTSE 100 bags another record high after BoE decision
Stocks closed at a fresh high as the Bank of England offered a more rosy interest rate outlook.
2. BoE holds interest rates at 16-year high
The BoE's Monetary Policy Committee voted seven to two in favour of keeping borrowing rates at 5.25%, marking the sixth consecutive meeting in which it has been maintained.
3. ITV advertising slump persists, but streaming hours surge
This decline was attributed to a 16% drop in ITV Studios’ advertising revenue, which stood at £382 million, reflecting the phasing of deliveries and the impact of the US film industry strikes.
4. British chipmaker Arm fails to impress with lukewarm forecast
Results topped previously set guidance, but investors may have been underwhelmed by forward guidance.
5. BAE eyes further momentum on US, UK defence spending
A recent US$61 billion supplemental aid package for Ukraine from the US, alongside UK plans to increase defence spending to 2.5% of gross domestic product, will boost revenues, BAE said on Wednesday.