Government may sell its NatWest stake to UK public; Grangemouth oil refinery to shut – as it happened

It's time to get Sid investing again,' Hunt says; Scotland's sole oil refinery at Grangemouth is due to cease operations in 2025

• Autumn statement live: Jeremy Hunt cuts employee national insurance from 12% to 10%; OBR downgrades UK growth forecast
• Autumn statement 2023: key points at a glance
• Jeremy Hunt announces sweeping tax cuts for firms and workers
• Grangemouth oil refinery to shut down, raising concern for 500 jobs

B&Q owner Kingfisher has cut its profit outlook again, as demand in France continues to wane.

It's the second earnings downgrade from Kingfisher in under three months.

We continue to take decisive cost actions in France, more than offsetting the impact of inflation.

However, given continued market weakness, this is not sufficient to offset the impact of lower sales in this region.

The Open AI hokey cokey dance has taken another twist - with Sam Altman, in, out and then apparently back in again. The chaos at Open AI has shaken up the industry. It's even prompted Microsoft's CEO to declare that Microsoft was self-sufficient and would continue to excel even if Open AI disappeared tomorrow.

Given the call to arms by staff and threats of a mass exodus if Altman was not brought back, the company clearly realised it risked an existential moment. The root of the dispute is thought to be a conflict between the speed of growth and safety concerns surrounding intelligent bots.