BUSINESS LIVE: Mission Group suitor quits talks; Pennon replaces chair; Ashtead explores US switch

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are The Mission Group, Brave Bison, Pennon Group and Ashtead. Read the Monday 10 June Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live

Blow to City as £24bn Ashtead ‘explores switch to Wall Street’

FTSE 100 equipment hire giant Ashtead is reportedly considering a move to the New York stock exchange in a potential fresh blow to the City.

The £24billion group is in the early stages of exploring a switch of its listing from London to Wall Street, according to The Sunday Telegraph. It comes despite boss Brendan Horgan, an American, last year telling a newspaper ‘we remain happy where we are’.