City morning headlines: Bank of England to predict deflation, Greece talks break down

The Bank of England's quarterly inflation report lands today and governor Mark Carney and his team are expected to predict falling prices this year for the first time ever.

However, they will also forecast higher growth this year and next.

Any comments from Carney on a potential "Grexit" will also be closely watched, as will any sign of worries about faster wages, as they could hint that a rate rise is coming sooner than mid-2016, as is currently expected.

Talks between eurozone leaders about the Greek situation broke down in the early hours, so many will be watching to see how financial markets will react this morning.

Credit Suisse said it returned to profit in the final quarter of 2014, making Swfr921 million.

It also announced pay cuts of 25% and 20% for the board and senior executives and 9% for the rest of its staff as it slashes costs to deal with the recent surge in the Swiss franc.

Meanwhile, French peer BNP Paribas' profit missed forecasts due to a drop off in revenues at is domestic banking division.

Rio Tinto's earnings drop 9% but it hikes the dividend by 12% and launches a $2 billion share buyback.

Whisky and champagne drive Pernod Ricard's 1% growth in sales.

Chinese search engine Baidu’s shares fall 10% after its profit missed expectations.

BT launches its £1 billion share placing to finance its £12.5bn EE takeover.

Imperial Tobacco says its latest quarter revenues are down 1% but growth in brands is up 11% as the impact of foreign exchange moves grows.

Zoopla's results show no sign of a property slowdown, with record 50.5 million visits to the site in January, but the number of agents advertising on its website has slipped 11%. Could it be linked to newly established rival OnTheMarket?

SuperGroup's COO Susanne Given leaves after less than three years at the company.

Informa reports flat full year revenues and profits.

SVG’s Permira holdings rose 5% in last three months.

John Laing has priced its float at 195p a share, valuing the firm at £715 million.

Royal London says its strong 2014 results were driven by its new pensions business.