Direct Business: Bank of England raises key rate; Lloyd’s of London is teetering towards loss

Direct Business: The Bank of England raised the base rate to 4.25%; Lloyd’s of London slumps to a loss. Investment banks Cenkos and finnCap to merge

The Bank of England’s Monetary Policy Committee voted by a margin of 7-2 to raise the benchmark interest rate by 25 basis points, to 4.25 per cent.

The FTSE 100 fell 0.7 percent in the afternoon. Among the companies with today’s trading reports and updates are Lloyd’s of London, Cenkos, finnCap, Wickes, Playtech, Crest Nicholson and C&C Group. Read the Thursday, March 23 Business Live blog below.

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