BUSINESS LIVE: Aviva buys Probitas; Hipgnosis portfolio value cut; Clarkson achieves record year

Among the companies with reports and trading updates today are Aviva, Clarkson, THG, Vertu Motors, Wizz Air, Hipgnosis Songs Fund, AstraZeneca, Halma and Intertek Group.

CBI calls for mileage allowance ‘stealth tax’ to be scrapped in Budget

The CBI has called for a mileage allowance ‘stealth tax’ to be scrapped in Wednesday’s Budget after figures suggested it was causing some employees to refuse to take their cars on business journeys.

Approved Mileage Allowance Payments (AMAP) allow firms to reimburse around two million workers for using their cars or vans for business trips without incurring any extra taxes.

Banks set to report 1m cases of fraud in a year

The number of reports about suspected fraud filed by banks is set to hit one million a year for the first time, the Mail can reveal.

Fraud is one reason individuals or companies may have their account forcibly shut down, otherwise known as being ‘debanked’.

The FTSE 100 Index opened at 7682.50

The pound at 8am was 1.2677 dollars compared to 1.2651 dollars at the previous close.