His comments come a month after a report by the former central bank boss found ‘significant shortcomings’ in models used by the Bank of England.

Shares in the company fizzed on Wednesday after it also reported stronger profits than expected.

The firm’s chief executive said it reported the ‘strongest organic top-line growth in more than ten years’.

Chief executive Ken Murphy has been paid 431 times the wage of the average Tesco worker.

London’s top index finished 13.14 points, or 0.16%, higher to end the day at 8,428.13.

The pub firm, which runs 1,395 pubs across the UK, reported ‘encouraging’ trading over the past six weeks.

The project near Whitby, which was taken over by Anglo American in 2020, involves extracting a nutrient-rich fertiliser called polyhalite.

The company launched a formal sale process last month amid efforts to stay afloat.

London’s top index finished 18.77 points, or 0.22%, lower to end the day at 8,446.46.

The funding will be used to finance a number of new gym locations for the brand, which currently runs 13 sites.

It is the second time the proposed store, which was previously home to Topshop’s flagship London site, has seen its opening delayed.

The UK exited recession after the economy grew over the first three months of 2024, following a contraction over the second half of 2023.

BBVA has said it will take its offer directly to shareholders in its rival after a proposal on the same terms was rejected by Sabadell’s board.

The Italian brand, founded in 1996, is the sixth largest by sales in the US.

It came as the boss of the London-listed arms firm said it has seen a ‘strong’ operational performance and is on track to meet its targets.

The National Institute of Economic and Social Research added that there is ‘essentially no fiscal headroom for any further tax cuts’.

Sales growth continued to be driven by higher pricing, with the volume of drinks sold by the company down 0.6%.

Founder and chairman Tim Martin said the firm expects annual profits to be ‘towards the top of market expectations’.

Official data showed a slower rate of hospitality firm closures in the first quarter, but 368 sites still shut their doors for good.

The WeWork competitor said on Tuesday that adopting US accounting standards ‘remains under evaluation’.