Bank of England gives mixed signals on rate rise – business live

Mark Carney, the governor of the Bank of England, suggests expectations that UK interest rates will rise in May could be overblown. But his colleague Michael Saunders says the economy no longer needs as much stimulusUK interest rate rise is not a foregone conclusion, Carney saysBoE’s Saunders: rate hikes should be ‘gradual not glacial’Trump slams Opec over ‘artificially high’ oil priceBarclays boss Jes Staley to be fined over whistleblowing scandal FTSE 100 boosted by weaker pound, outperforms European peersRoyal Mail boss Moya Greene to retire after eight years in the job 3.02pm BST The bid saga surrounding pharmaceuticals group Shire continues, with Japanese predator Takeda announcing an increase in its offer.The terms are improved from £46.50 to £47 a share, comprising £21 in cash and £26 of new Takeda shares. The new offer values Shire at around £43bn. 2.58pm BST Nissan is planning to cut hundreds of jobs at its Sunderland factory in response to the sharp fall in demand for diesel cars.The Japanese car manufacturer makes its Qashqai and Juke models at the plant, and said it was talking to workers about the changes. We will be managing a planned short-term reduction in powertrain supply and plant volumes. Continue reading…
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