UK interest rate cut ‘remains some way off’ says Bank of England chief economist – as it happened

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

• Full story: M&S wins legal challenge over Gove's block on Oxford Street store revamp

The takeover battle over UK haulage firm Wincanton has taken another twist this morning.

Wincanton's board have thrown their support behind a 762m takeover offer from the American logistics company GXO and dropped their backing for a rival bid.

The sale of 50% of BritBox International means ITV is focused on its core strategic goals of continuing to build on ITVX's success and growing ITV Studios.

I would like to thank the BritBox International team for making the company such a success and particularly CEO Reemah Sakaan for her leadership, drive and vision."