Bank buys 3.5 billion pounds of gilts
The Bank of England said it got an offer-to-cover ratio of 1.4 when it bought 3.5 billion pounds worth of 5-10 year gilts on Wednesday as part of its 75 billion pound asset purchase scheme.
Online private sales company Gilt Groupe said Monday that it has raised US$138 million in new funding led by Japan's Softbank Group.