BUSINESS LIVE: Sainsbury's sales fall; BT boosts cost savings target

BUSINESS LIVE: Markets brace for BoE rate hike; Sainsbury’s sales fall 8%; BT boosts cost savings target by £500m; Rolls-Royce weathers soaring costs

Markets are anticipating the Bank of England’s Monetary Policy Commitee to vote for a base rate hike of 75 basis points to 3 per cent at midday today. Investors will also have a keen eye on the bank’s revised inflation and GDP growth forecasts.  

The FTSE 100 will open at 8am. Among UK companies with reports and updates are Sainsbury’s, BT Group, Rolls-Royce, RS Group, Smith & Nephew and Trainline. Read the Thursday 3 November Business Live blog below. 

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