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BUSINESS LIVE: Sainsbury’s sales fall; BT boosts cost savings target

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BUSINESS LIVE: Markets brace for BoE rate hike; Sainsbury’s revenue down 8%; BT raises cost savings target by £500m; Rolls-Royce withstands rising costs

By live commentary

Published: | Updated:

Markets expect the Bank of England’s Monetary Policy Committee to vote at noon today to raise the key rate by 75 basis points to 3 percent. Investors will also keep a close eye on the bank’s revised inflation and GDP growth forecasts.

The FTSE 100 opens at 8 a.m. Among the UK companies with reports and updates are Sainsbury’s, BT Group, Rolls-Royce, RS Group, Smith & Nephew and Trainline. Read the Business Live blog from Thursday 3 November below.

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