- 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