MPC

UK inflation is likely to have risen to around 3.5%, exceeding the Bank of England's (BoE) target for the third time.

The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.

Todd Stitzer, the chief executive of Cadbury, is to leave the company within weeks with £20m in cash and shares after Irene Rosenfeld, Kraft's chairman and chief executive, swung the axe at the British chocolate company's top three executives.

Today's decision by the Bank of England (BoE) heralds a period of low interest rates stretching into the medium to long-term, say experts.

Interest rates could start to rise in two months' time, says Henderson New Star's Simon Ward.