FTSE LIVE: BT to axe 13,000 jobs, rates held, Morrisons on the up

[ad_1]

  • BT revealed plans to cut around 13,000 jobs and move away from London HQ 
  • Morrisons has reported a better-than-expected 3.6% hike in sales
  • RBS has agreed a £3.6 billion settlement with US regulators over toxic bonds 
  • ITV says it expects World Cup-inspired advertising boost in June

BT has revealed plans to axe 13,000 jobs and quit its expensive London HQ in a major cost-cutting effort. 

Elsewhere in the markets, the Bank of England announced a crucial rates decision alongside its Inflation Report. Rates were kept on hold by a vote of 7 to 2, while growth has been downgraded. 

Supermarket Morrisons has also seen its revival continue apace 

The Bank of England's MPC has kept rates on hold at 0.5% today

The Bank of England's MPC has kept rates on hold at 0.5% today

The Bank of England’s MPC has kept rates on hold at 0.5% today

Advertisement

[ad_2]

Source link