Good morning. The FTSE 100 is tipped to fall after a mixed day of trading in Asia. Chinese stock markets fell while other indices around Asia-Pacific rose.
5 things to start your day
1) Morrisons must not be taken over for the ‘wrong reasons’, warns L&G: Shares in supermarket soar after third possible bidder emerges and major investor calls for clarity about Fortress’ intentions.
2) High streets may never recover from Covid, ministers warn: If fewer people return to work permanently, there are fears that many retailers and other companies will take a heavy hit.
3) Britain’s biggest microchip factory sold to Chinese-owned tech firm: Newport Wafer Fab facility in South Wales was seized by China’s Nexperia for about £65m despite security concerns.
4) Jim Ratcliffe gets behind the hydrogen energy rush: Chemicals giant Ineos invests in the £250m HydrogenOne Capital Growth fund that will be listed in London.
5) California’s heat dome poses unprecedented challenge: Golden state, and world’s fifth largest economy, must figure out how to combat extreme weather before heatwaves…
