UK central bank will deliver its latest verdict on interest rates and the economy today * Introduction: Bank of England to set rates and release new forecasts * Economists expect BoE to raise near-term growth forecasts * Latest: UK construction slowed in January * Pound hits seven-week high 11.38am GMT OVER IN GREECE THE GOVERNMENT SPOKESMAN HAS BEEN FORCED TO REJECT MOUNTING SPECULATION THAT FINANCE MINISTER EUCLID TSAKALOTOS IS ON THE POINT OF RESIGNING. “The IMF and its absurd demands bear the greatest responsibility for the delay [in the review]. The demand for prior legislation of €4.5bn euro worth of measures, beyond the bailout programme’s expiry date, is economically and politically absurd.” 11.32am GMT Hello.... MIKE ASHLEY’S SPORTS DIRECT chain has just taken an 11% stake in retailer French Connection, which was offloaded by Schroders yesterday. Here’s the announcement. Of course it is - Sports Direct is mystery buyer of 11% stake in French Connection. Mike Ashley not tired of deals yet Continue reading...
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