The Bank of England is seen hiking rates to 4.75% from 4.5% at the noon rates decision, but some experts believe a rise to 5% may be on the cards.

The Office for National Statistics said net debt reached £2.6 trillion as of the end of May, estimated at 100.1% of gross domestic product.

The retailer posted a 55% tumble in pre-tax profits to £43.5 million in the year to March 31, while underlying profits were 43% down at £51.5 million.

The latest report from Zoopla revealed the proportion of tenants falling behind with rental payments has doubled to 8% in the last six months.

The troubled make-up firm said it sent a letter of claim to Adam Minto last month alleging that he breached his duties to the firm.

Boohoo, which is Revolution Beauty’s biggest shareholder, wants to oust and replace the firm’s three top bosses.

The group saw underlying earnings race 42% higher year-on-year to £2 million in its second quarter to May 31 thanks to stronger trading from February.

Dame Alison Rose said the bank was seeing resilience among customers despite wider economic uncertainty and ‘very rational behaviour’ from borrowers.

Antonio Simoes will take up the post on January 1, taking over from Sir Nigel Wilson, who is retiring after more than a decade leading the insurer.

The combined business will overtake Virgin Media O2 and BT-owned EE, with about 27 million customers and more than 11,500 staff.

The merged group will be majority owned by FTSE 100-listed Vodafone, with 51% of the combined business.

The recruitment firm said net fee income plunged 10% over April and May as the global jobs market remained under pressure.

Customers of E.ON Next were forced to wait on hold for 18 minutes on average, while half of all calls failed to contact the supplier, Ofgem said.

Odey Asset Management is facing mounting pressure in the wake of sexual assault and harassment allegations against its founder Crispin Odey.

A stronger-than-expected rise in wage growth saw yields on gilts – used to price mortgages – rise above levels seen in the mini-Budget market chaos.

The asset manager said all its funds are open ‘as per usual business’.

HSBC bought SVB UK on March 13 for a nominal £1 after SVB failed in the US, sparking fears of a global financial crisis.

Odey Asset Management announced on Saturday that Crispin Odey would be leaving after a series of allegations of misconduct.

The bus and rail group said it expects ‘broadly consistent’ earnings from its trains business in the year to next March.