Speculation on a possible deal for Savvis cropped up following other signs of consolidation in the Web hosting and data center sector.

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In the data center sector, growth is derived from both consumers and corporations who are accepting and integrating more and more new devices and applications into their personal lives and business operations, resulting in ever greater computing needs.

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Negative manufacturing and service sector data released this week had led some to speculate that the Bank might decide to cut rates this month.

BBC: UK interest rates unchanged at 5%