BUSINESS LIVE: Ashtead Group posts file income

Among the companies with reports and trading updates today are Ashtead Group, Whitbread, SThree, AstraZeneca, Woodside Energy and Melrose Group. Read the Tuesday 18 June Business Live blog below.

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City’s hopeful horizon: UK regains listing appeal

The obituary for share trading in London has been written many times.

However, the latest data shows that London’s equity markets have regained leadership over Paris, in spite of France hosting LVMH, Europe’s most valuable enterprise.

Labour’s plans to boost workers’ pay risk higher mortgage bills

Experts have warned that Labour’s ambition to boost workers’ pay risks stoking inflation – meaning interest rates and mortgage bills could stay higher for longer.

Economists at HSBC said that forcing firms to spend more on wages could drive up prices.

Become an influencer with Brewdog founder: App promises cash rewards

BrewDog’s founder is launching an influencer app with the help of his TV personality girlfriend.

James Watt quit as chief executive of the craft beer giant a month ago.

London wins back crown from Paris: UK stock market biggest once again

London has regained its crown as Europe’s biggest stock market after political turmoil in France sent shares in Paris tumbling.

In a major boost for the City, data compiled by Bloomberg showed UK stocks are valued at £2.51 trillion.

UBS to take £700m hit after pledge to pay back 90% of Greensill losses

UBS will take a £700million hit after offering to pay back investors caught up in the collapse of finance firm Greensill Capital.

The Swiss banking giant has offered to pay the former Credit Suisse customers 90 per cent of the value of the Greensill-linked funds.

Labour promises 350 bank hubs for towns where branches have shuttered

More towns in Britain are set to receive a banking hub under a Labour government.

It has pledged to roll out 350 banking hubs in towns and villages across Britain over the next five years.

The FTSE 100 index opened at 8142.15

The pound at 8am was 1.2698 dollars compared to 1.2685 dollars at the previous close.