BUSINESS LIVE: Inflation steady at 2.2%; L&G sells housebuilder CALA; M&C Saatchi profits rise

Consumer price inflation stood at 2.2 percent in August, unchanged from the previous month and in line with economists’ forecasts, according to recent data from the Office for National Statistics.

The Bank of England, which last month forecast CPI would rise to 2.4 percent and reach nearly 2.8 percent by the end of the year, will make its final decision on the direction of interest rates on Thursday.

The FTSE 100 opens at 8am. Among the companies with reports and trading updates today are Legal & General, M&C Saatchi, MJ Gleeson and PZ Cussons. Read the Business Live blog from Wednesday 18 September below.

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