Shell and Esso sell North Sea assetspublished at 16:57 British Summer Time 6 August 2015
BBC Scotland business and economy editor writes...
Summary
Bank of England holds interest rates and says near term outlook for inflation is muted
CMA alleges Pfizer broker competition rules
Annual house price growth slows
RSA Insurance half year earnings just 317%
Shell and Esso sell North Sea assetspublished at 16:57 British Summer Time 6 August 2015
Rate rise 'drawing nearer'published at 15:15 British Summer Time 6 August 2015
BBC Business writes...
Government concerns kicked off Pfizer probepublished at 15:00 British Summer Time 6 August 2015
BBC News health editor writes...
Rate rise timingpublished at 13:58 British Summer Time 6 August 2015
Quote MessageThe chances of an interest rate hike before the end of 2015 have seemingly receded markedly; indeed, it looks more questionable as to whether the Bank of England will act early on in 2016, Certainly, the markets have taken a largely bearish view of the Bank of England’s latest comments and projections. Sterling has weakened and gilts have fallen.
Howard Archer, Chief UK & European economist, IHS Global Insight
This is not a debt fueled recoverypublished at 13:42 British Summer Time 6 August 2015
BBC economics editor tweets
How large might a rate rise be?published at 13:40 British Summer Time 6 August 2015
Carney stands by Lincoln speechpublished at 13:25 British Summer Time 6 August 2015
BBC economics editor tweets
Carney the hawk?published at 13:15 British Summer Time 6 August 2015
Financial Times employment correspondent tweets
Rise in unemployment may be a good thingpublished at 13:15 British Summer Time 6 August 2015
BBC economics editor tweets
The 'real suprise' in the MPC minutespublished at 13:04 British Summer Time 6 August 2015
Martin Beck, senior economic adviser to the EY Item Club, writes:
“The real surprise in today’s MPC minutes is that there was only one dissenter. In fact, the MPC now appears to be split in three distinct camps with one member voting for a rate hike; ‘some’ other members not far off joining in; and then the majority content to sit tight.
There is no suggestion that the majority of members will vote for rate hikes any time soon. They appeared to play down the pickup in wage growth, pointing to the influence of bonuses, and there is clearly a concern that the appreciation of the pound is causing a tightening of monetary conditions on its own.
The Inflation Report confirmed the impression of a Committee that is still some way off from the first rate hike. The inflation profile is lower than May’s throughout the forecast horizon and the Committee has not seen any further reduction in slack, despite economic growth remaining firm."
Do interest rates need to rise in 2016?published at 12:41 British Summer Time 6 August 2015
Robert Peston
Economics editorThere is what to many will look like a contradiction at the heart of the Bank of England's voluminous pronouncements on inflation and interest rates. Read Robert Peston's latest blog here.
Rates could rise next year faster than expectedpublished at 12:21 British Summer Time 6 August 2015
BBC economics editor Robert Peston tweets:
MPC vote splitpublished at 12:11 British Summer Time 6 August 2015
The BBC's Ben Thompson says:
'Super Thursday' data dumppublished at 10:39 British Summer Time 6 August 2015
Quote MessageConcerns around data overload every Super Thursday seem somewhat overstated. The reality is, we now live in a world of instant information. Whilst the intrigue of the MPC minutes will doubtlessly draw its usual attention, one would hope that the market is sophisticated enough to extract the relevant data and sentiment from each of the information sources.
Keith Froud, Partner and markets analyst, Eversheds
UK car salespublished at 10:25 British Summer Time 6 August 2015
Latest SMMT figures show sales rising but, BBC industry correspondent John Moylan tweets:
Interest rate rise this year?published at 07:06 British Summer Time 6 August 2015
BBC business reporter tweets