Optimism in the Bank of England? LEON NEAL/GETTYThe Bank of England upgraded its forecast for UK growth this year from 1.4% to 2%. The Bank has also been forced to reverse its forecast that unemployment would rise after the Brexit vote, cutting its estimate for the number of jobless from 5.5% to 5%. • Danish pharmaceutical giant Novo Nordisk is to support a £115m diabetes research centre at Oxford’s biomed campus. • Vodafone said it was in talks with Idea Cellular for an all-share merger of India’s second and third largest networks, with 370m users combined.

Source: The Times February 05, 2017 00:03 UTC