The FTSE 100 has risen slightly in early trading, following Asia higher.
City forecasters EY are saying they expect the UK economy to return to growth in mid-2023, after what it predicts will be a 0.7% GDP drop in the meantime.
The Times has been reporting that the Asda’s private equity owners are looking at merging of the supermarket with its UK petrol forecourts business in a blockbuster deal that would create a retail giant worth more than £10bn.
National Express has announced a €1bn agreement to operate the RE1 and RE11 Rhein-Ruhr-Express (RXX) lines in Germany for the next 10 years. The transport provider now operates all three RXX lines.
Pub operator Fuller Smith & Turner has issued a profit warning for the current financial year. Its blaming wave of train strikes for a £4mln hit to its revenue.
That’s all for now, this morning’s report was written by Jai Singh and presented by me, Thomas Warner.