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Bank of England eyes wage puzzle as it mulls when to raise rates

LONDON - Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.

Recent Business News

Outsourcer Capita to hit 8 percent revenue growth, says CEO

LONDON - Britain's Capita expects a buoyant outsourcing market to keep the company on track to hit its full-year revenue target, it said after announcing a 16 percent rise in first-half profit.

12:22pm BST

ABB still dogged by problems in power systems

ZURICH - Charges linked to costly delays to offshore wind and solar power projects pushed ABB's second-quarter earnings below forecasts, sending its shares down 2 percent on Wednesday.

11:55am BST

Vodafone curtails Orange Spanish fibre network after Ono buy

LONDON - Vodafone Group Plc is scaling back the fibre network it is building in Spain with France's Orange , after the completion of its deal to buy cable company Ono.

12:45pm BST

Analysis- Puerto Rico debt crisis headed for US-style bankruptcy resolution

- Momentum is building towards a deal that would make painful losses inevitable for investors holding about $20 billion (11.7 billion pounds) in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

12:13pm BST

UK's Metro Bank ramps up lending to challenge bigger rivals

LONDON - Britain's Metro Bank said on Wednesday its lending had more than trebled at the end of the second quarter compared with a year earlier, and more than half of its lending was to businesses.

11:31am BST
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