FTSE rises as GDP grows – live updates

FTSE rises as GDP grows – live updates

Good morning. The FTSE is tipped to open flat after the latest reading of GDP came in slightly below economists' estimates. The ONS reported the economy grew by 2.3pc in April as non-essential shops and outdoor hospitality reopened. 1) Openreach under threat after French swoop on BT: Altice is understood to believe that Openreach, which owns most of the UK’s broadband infrastructure, is being undervalued by City investors. 2) Camelot prepares for National Lottery bidding war as it reports record takings: The operator announced sales of £8.4bn, which meant that the lottery duties generated broke through the £1bn barrier for the first time. 3) Selfridges up for sale with £4bn price tag: Weston family brings in Credit Suisse to advise on a possible sale following an unsolicited takeover approach for the chain. 4) Morrisons hit by huge pay revolt: Supermarket says it will re-engage with shareholders but defends decision to "adjust" bonuses for its top managers. 5) How Brussels’ complacency turned EU into a corporate wasteland: The Continent once boasted dozens of global leaders but the tech upstarts from America …
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