Train strikes halt most services in west of England, Midlands and routes to Scotland and Wales – business live

Aslef drivers have embarked on a three-day strike over pay and conditions; Sweden's Riksbank cuts rates for first time in eight years

France's Alstom has announced a 1bn capital raise to help cut debt as the world's second largest trainmaker struggles with delayed orders amid concerns about the future of its Derby factory.

The Paris-listed company plans to raise 1bn from investors which it hopes to complete by September as well as a 750m bond issue, as part of a 2bn deleveraging plan to cut debt.