BUSINESS LIVE: UK inflation rate falls to 3.2%; Entain hit by new gambling rules; ASOS posts another big loss

Among the companies with reports and trading updates today are Entain, ASOS, Just Eat Takeaway, Antofagasta, Workspace Group, and Liontrust Asset Management.  

Louis Vuitton-owner LVMH hit as luxury falls out of fashion

He is known as ‘the wolf in cashmere’ after turning LVMH into a £333billion luxury goods powerhouse through a string of ruthless acquisitions that helped turbocharge growth.

And now Bernard Arnault – who has made himself the world’s richest man in the process with a fortune of £175billion – is setting the scene for his five children to take over the empire.

The FTSE 100 Index opened at 7820.36