The companies said they were unable to reach an agreement that worked for both parties.

Here, the Press Association examines what the decision means and what the Bank expects to happen to the economy.

It came as the central bank also warned that economic growth is now set to be weaker than previously expected.

The central bank said it was keeping rates unchanged to make sure that inflation stays around its target level of 2%.

Drax Group is consulting over restructuring in the UK and North America that could result in the reduction of its workforce.

Most economists think the Bank’s Monetary Policy Committee will opt to leave rates unchanged at its next decision on Thursday.

Chancellor Rachel Reeves said loans from the bank will help build thousands of affordable homes for ‘families priced out of homeownership’.

The S&P Global UK services PMI survey scored a reading of 54.0 in January.

Higher labour costs have raised the marginal cost of hiring by around 7%, in real terms, for an entry level position, Niesr found.

If net migration stayed positive, a larger working-age population would broaden the tax base and help stabilise the debt to GDP ratio, Niesr said.

Josh D’Amaro will step into the top job, replacing current boss Bob Iger from March 18.

The Dutch chocolatier said it had managed to grow its sales and profits during a ‘challenging’ year.

Surrey-based housebuilder Crest Nicholson said it had seen inquiries pick up since the end of 2025.

The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 51.8 in January, up from 50.6 in December.

The 120-year-old business laid out a three-year plan that involves the launch of new products and campaigns to market the brand.

Most economists are expecting rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision on Thursday.

Former Fed governor Kevin Warsh has been nominated by Mr Trump to replace current chair Jerome Powell when his term ends in May.

Speculation that former Federal Reserve governor Kevin Warsh is the president’s top choice was helping lift the US dollar on Friday morning.

It comes months after another US grocery chain decided to shut three Ocado-run warehouses and scrap plans for new sites.