Business news live: FTSE 100 latest after Shell reject BP takeover bid reports

Let’s start with a quick roundup of all the biggest lines over the last 24 hours.

Good morning one and all – we’re back for another day’s live coverage of the business and finance world here on The Independent.

Coming up, the reaction to overnight stock markets across the US and Asia, plus what’s ahead for the new trading day starting after losses yesterday for the UK and Europe.