By Live Commentary

Updated: 17:15 BST, 9 May 2024

The FTSE 100 hit a new closing high, up 27.30 points at 8381.35. It reached a new intraday record of 8,396.25 earlier in the session.

The Bank of England’s Monetary Policy Committee has voted to hold base rate at its current level of 5.25 per cent by a margin of 7-2, with two members voting for a 25 basis point cut to 5 per cent. 

Among the companies with reports and trading updates today are ITV, Wood Group, BAE Systems and Hipgnosis. Read the Thursday 9 May Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live

:
BUSINESS LIVE: BoE base rate decision; ITV eyes ad market recovery; John Wood rejects takeover offer



***
Read more at DailyMail.co.uk