FTSE 100 boosted by Avast buyout talks – live updates – .

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FTSE 100 boosted by Avast buyout talks – live updates – .


gHello. The FTSE is expected to open slightly lower after new data showed unemployment fell to 4.8% in the quarter through May.

5 things to start your day

1) Bosses said to set up mental health hotlines when staff return to the office: Workers can suffer from mental health issues and will need “extra consideration” from their employers, the Department for Business said.

2) Norton antivirus owner in £ 5.8 billion swoop on FTSE 100 Avast: Avast, the FTSE 100 cybersecurity company, is in advanced talks on a merger with its US counterpart NortonLifeLock, which could value it at more than $ 8 billion.

3) Coventry Airport owner submits plans for gigantic gigafactory: City council and airport bosses hope that obtaining a building permit will make the site more attractive to battery makers seeking a base in the UK.

4) MEPs call for a ‘complete reset’ of streaming music: The culture select committee is calling for major changes in the way artists and songwriters are paid by streaming services to increase their income.

5) The dream of net zero transport requires an infrastructure revolution: The government has not provided a cohesive infrastructure plan to support its green transport ambitions, insiders say.

What happened during the night

China’s economic growth slowed in the second quarter, official data showed Thursday. The world’s second-largest economy grew 7.9% between April and June, the National Bureau of Statistics said, a sharp drop after the country’s rapid recovery from last year’s crisis.

Following the announcement, Asian markets were mixed: Hong Kong was up 1.3%, Shanghai, Seoul and Taipei also recording gains while Tokyo lost 0.9%, and Singapore and Sydney also fell.

Coming today

  • Business: Hays, Asos, Experian, Severn Trent, Helical, Galliford Try
  • Economy: Unemployment (UK), weekly unemployment claims, industrial production (WE), GDP growth in Q2, monthly industrial production and retail sales (China)

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