Stocks, oil and bitcoin hit by recession worries – as it happened
by Graeme Wearden from Economics | The Guardian on (#5Z0VD)
Worries over global growth hit stocks and metals prices, and the pound falls again
- Experts: recession fears hit markets
- Bitcoin weakest since July 2021
- Morrisons could beat Asda owners in race to buy McColl's - report
- FTSE 100 drops to seven-week low amid growth worries
- Pound at two-year low vs the dollar
- China's export growth slowest since June 2020
Sky News are reporting that Morrisons has won the battle to seize control of convenience store chain McColl's, beating petrol forecourts operator EG Group.
Morrisons tabled a last-gasp counterbid for McColl's Retail Group over the weekend.
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