Home dining helps Majestic

PEOPLE hosting more dinner parties rather than going out to restaurants have boosted sales at wine warehouse operator Majestic Wine.

Brit Land rally

BRITISH Land is to spend £3 billion on new property as it emerges from the “worst storm in real estate history”.

EASYJET yesterday trumpeted its success in being one of the few European airlines to make profits last year, even though they plummeted 65%.

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ABOVE: King believes recovery is on the way

6th November 2009

CITY experts predict yesterday’s £25bn cash injection into the economy by the Bank of England could be the last.

The move expands the size of the quantative easing scheme to £200bn.

Economists said the bank, headed by Mervyn King, had been less aggressive amid signs of economic recovery.

The cash injection was the smallest since the bank launched the scheme in March.

The FTSE recovered from early falls to close at 5125.64, while the pound rose slightly against the dollar.

News of the £25bn cash injection came as the bank’s monetary policy committee voted to keep interest rates on hold at 0.5%.

But economists expect them to start rising again in the third quarter of next year.

Jeremy Batstone-Carr, of Charles Stanley, said a hike could come as early as May next years on fears that inflation could bite in 2011.

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