BUSINESS LIVE: Crest Nicholson sees earnings slump; Wise trebles profits; Fuller’s buoyed by growing urban sales

Among the companies with reports and trading updates today are Crest Nicholson, Wise, Fuller, Smith & Turner, Virgin Money UK, Motorpoint Group, Halma, and St James’s Place. 

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Elon Musk braced for crunch vote on £44bn Tesla pay deal

Elon Musk’s future as Tesla chief executive hangs in the balance as the electric car firm’s shareholders vote on his £44billion pay deal.

Tensions have grown after a Delaware court voided his compensation package – finding it had been inappropriately set by the board.

Billionaires swoop on FTSE giants: Peltz digs his claws into Rentokil

Two of the richest men in the world have snapped up stakes in stalwarts of the London stock market.

In moves that will raise eyebrows in boardrooms across the City, Mexican billionaire Carlos Slim bought more than 3 per cent of BT while US activist Nelson Peltz took a major holding in Rentokil.

Another boost for City as Digital bank Starling plots UK flotation

Digital bank Starling said it is eyeing a London stock market listing as it revealed profits have jumped 55 per cent.

Interim boss John Mountain said the lender’s board is holding regular talks with investors about an initial public offering (IPO).

The FTSE 100 index opened at 8215.48

The pound at 8am was 1.2776 dollars compared to 1.2841 dollars at the previous close.