DAILY BRIEFING: the Bank of England shows interest rates at 0.75% because it upgrades the growth forecasts for the third quarter
City & Finance Reporter for the Daily Mail
The Bank of England has left interest rates unchanged at 0.75 percent
NO CHANGE The Bank of England has left interest rates unchanged at 0.75 percent. The Monetary Policy Committee has unanimously decided not to change the rate.
But the bank has upgraded the economic growth prospects for the third quarter of 2018 from 0.4 percent to a more robust 0.5 percent.
TALKING EXIT Engineering firm Smiths Group has run away from discussions to join its medical department with US ICU Medical to create a £ 7 billion company.
Smiths said the two companies could not agree with an appreciation. Andy Reynolds Smith, chief executive of Smiths, said the decision was taken in the interests of shareholders.
ONLINE BOOST Profits at the Safecharge online payment company declined to £ 9.1 million in the first half of 2017, down 2 percent from a year earlier. But the AIM-listed company dealt with 117.8 million transactions, an increase of 56 percent.
TO FORM A TEAM Financial app Yolt, together with life insurance consultancy firm Anorak, has expanded the services it offers to enable customers to manage their coverage, bank accounts, energy bills and investments in one place.
TURKEY OF TURKEY The interest rates in Turkey have risen to 24 per cent of 17.75 per cent if the country fights to control a financial crisis.
The lira and the stock exchange of Istanbul have crashed due to concerns about the dictatorial leader Recep Tayyip Erdogan and the enormous dependence of the foreign debt.
Due to the increase, the lire rose by 5 percent against the dollar.
LOAN FAULT The Chinese conglomerate HNA has failed to repay a £ 34 million loan amid jitters over the country's financial system.
HNA, which has aviation companies to finance, has previously borrowed heavily from ordinary people using peer-to-peer loan platforms on the internet.
BUILDING SWOOP Office for office sharing Workspace Group has purchased a block of 150,000 square meters in Shepherd's Bush, London, for £ 125.3 million.
GAS WRITEDOWN The London-based oil and gas producer Ophir Energy has written off the value of its liquefied natural gas project in Equatorial Guinea with £ 238 million, and the head office is moving to Asia.
HARVEST PAIN Palm oil producer Dekeloil blamed a drop of 28.1 percent in the half-yearly sales to £ 12.5 million on a poor crop in Ivory Coast and weaker global palm oil prices.
MAKE SURE Waste management company Biffa said that trade in the first half of the year is in line with expectations, although the cutbacks by local governments put pressure on it.
BLADES BREAKTHROUGH Energy company Simec has designed a new wind turbine that can keep rotor blades of almost 80ft long.