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London pre-open: Stocks seen higher as BoE rate decision looms
London stocks are expected to open higher on Monday morning as the Asia session looks to close higher and following the strong non-farm payrolls report that topped off last week, though many minds will be focused on the Bank of England meeting this week.
Rolls-Royce snaps up Spanish component specialist ITP
Rolls-Royce has agreed to pay €720m to complete the full takeover of Spanish aero engine component manufacturer Industria de Turbo Propulsores (ITP).
CLS buys two German properties for €49.5m
CLS Holdings said it has exchanged contracts to buy two properties in Germany for a total of €49. 5m.
Monday newspaper round-up: BoE groupthink, corporate governanace, BT, Diageo, Tesla
A former Bank of England economist has called for an overhaul of the central bank’s approach to decision making and for the power of the governor to be curtailed, as the first interest rate cut since 2009 is considered in response to the economic turbulence that has followed the Brexit vote. Richard Barwell, now a senior economist at BNP Paribas, warned that too little challenge was being provided to Mark Carney and that there was evidence of “group think” at the Bank.