1. BT Group raises cost-savings target to fund fibre build
BT Group PLC (LSE:BT.A) reported broadly flat revenues as it signalled further cost-cutting measures were needed to deal with mounting inflationary pressures
2. Rolls-Royce holds full-year guidance despite supply chain pressures
Rolls-Royce Holdings PLC (LSE:RR.) maintained its guidance for 2022 despite supply chain issues, rising energy and raw material costs
3. FTSE 100 closes in positive territory
The UK blue-chip benchmark closed up around 44 points, or 0.62%, at 7,188 on the day the Bank of England followed in the footsteps of the US Fed by hiking interest rates 0.75 percentage points.
4. Bank of England increases interest rates by 75bp to 3%
The Bank of England (BoE) has increased interest rates by 75 basis points, as expected, taking the Bank Rate from 2.25% to 3%, the highest since autumn 2008.
5. Lloyds leads banks lower after rate rise while homeowners face mortgage misery
Banking shares were broadly lower after the Bank of England's rate rise on fears that a slowing economy would lead to a collapse in the housing market.
Friday: US jobs data release expecting reduced growth
The US jobs market has continued to hold up well despite concerns over slowing consumer spending