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Asda confirms £10bn petrol station merger; shop price growth hits record high – business live

Asda will buy 350 petrol stations and over 1,000 food-to-go locations from EG Group, creating a £10bn entity; BRC data shows shop prices rose 9% in May

Shares in ITV have fallen as much as 1.3% this morning to their lowest level in five months, as the broadcaster deals with the fallout of a scandal involving one of its former stars.

The drop comes on the first day of trading since This Morning star Phillip Schofield quit, having admitted he lied to the broadcaster over a relationship with a younger worker.

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