IN THE CITY.

| BANK OF ENGLAND policymaker Martin Weale has questioned whether interest rates will need to be cut next month in a bid to bolster the UK economy following the Brexit vot.

Mr Weale, a member of the Bank's Monetary Policy Committee, said the Bank was "not a nurse to markets" and there were no signs that consumers or business were "panic-struck" following Britain's decision to leave the European Union.

| JAPAN'S SoftBank has promised to double the number of UK staff at smartphone chip designer ARM Holdings after reaching a deal to buy the Cambridge-based firm for more than PS24bn.

SoftBank also pledged to retain the existing management team and invest further in the business, increasing staff numbers outside the UK over the next five years.

The acquisition has seen shares in ARM valued at 1,700 pence, with the company being priced at PS24.3bn.

| AROUND 8,800 British Airways cabin crew will be balloted on whether to take industrial action over a new performance scheme amid fears it could lead to job losses, a trade union said.

Trade union, Unite, described the the Dashboard scheme as a "human resources fantasy".