Business news live: FTSE 100 firms including Greggs and AstraZeneca’s latest profits

Temu is not doing enough to assess the risks of illegal products being sold online and could be in breach of a new digital services law, the European Commission said.

The commission said on Monday that there was a “high risk” of consumers in the EU encountering illegal products on the e-commerce giant’s platform.

Specifically, analysis of a mystery shopping exercise conducted by the commission found that consumers shopping on Temu were very likely to find non-compliant products, including baby toys and small electronics.

The popular high-street bakery now sells a million sausage rolls every day – but such wild success has caused alarm among key investors, who believe Greggs may be fast reaching saturation point.

Can it learn the lessons of the Seattle coffee chain before it also overreaches itself, asks James Moore.

Good morning and welcome to our live business coverage – coming up today we’ll look at the firms reporting their latest profits and plans, how the FTSE 100 moves after a sharp downturn yesterday afternoon and plenty more besides.