Rolling coverage of the latest economic and financial news
- Latest: UK FTSE 100 closes at 14-month high
- US services companies surge in April
- US private payrolls rose by 742k last month
Earlier:
- UK van sales hit April record last month
- Eurozone pulling out of recession as PMI rises
- UK car sales show ‘light at end of tunnel’ in April
- Markets have rebounded after Tuesday’s selloff
That’s all for today. A quick recap:
Stock markets have bounced back from yesterday’s losses, amid signs that the global economic recovery is continuing.
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The billionaire petrol station tycoons the Issa brothers are on the verge of finalising their £6.8bn debt-fuelled buyout of the supermarket chain Asda, after offering to address concerns raised by the competition regulator.
Related: Petrol station tycoons Issa brothers on verge of £6.8bn Asda buyout