News in brief: Bank of England keeps interest rates and QE steady, RBS’s South Bank offices sold for £315m, GKN poaches FD from Informa
Bank of England rate-setters decided against more help for a recovery economy today, keeping interest rates at 0.5% and quantitative easing on hold at £375 billion.
The decision was taken yesterday but announced today as the Monetary Policy Committee’s meeting was brought forward to allow Governor Mark Carney to meet G20 finance chiefs in Washington.
RBS’s South Bank offices sold for £315m
Royal Bank of Scotland’s base on London’s South Bank changed hands for £315 million today as developer Land Securities sold the Bankside 2 and 3 blocks occupied by the retail arm of the taxpayer backed bank to property fund M&G Real Estate.
Land Securities is selling the buildings to pump cash into in its other development projects.
GKN poaches FD from Informa
FTSE 100 engineering giant GKN has poached its new finance director from publisher and conferences group Informa.
GKN’s finance director Bill Seeger is stepping down in February after more than 20 years with the firm. He will be replaced by Informa’s current finance director Adam Walker, who has been there five years. Informa has called in headhunters to find his replacement.
