The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Bunzl, Hipgnosis and Begbies Traynor Group. Read the Monday 26 February Business Live blog below.
Heathrow denies it is shelving plans for a third runway as passenger numbers continue to swell
Heathrow has denied that it is shelving plans for a third runway as passenger numbers continue to swell.
Europe’s busiest airport has pushed back against reports that chief executive Thomas Woldbye wanted to scrap the expansion and was in the process of disbanding the team in charge of it.
In a statement last night, Heathrow said the claims, which were first reported by The Sunday Times, were ‘wrong’ and ‘not reflective’ of its strategy.
CMA probes eight housebuilders
Britain’s competition watchdog has started an investigation into eight homebuilders after it found evidence that indicated potential sharing of commercially-sensitive information among competitors.
The Competition and Markets Authority said the sharing of sensitive information could be influencing the development of sites and the prices of new homes.
‘While the CMA does not consider such sharing of information to be one of the main factors in the persistent under-delivery of homes, the CMA is concerned that it may weaken competition in the market,’ the regulator said in a statement.
The companies include Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow , Taylor Wimpey and Vistry.
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BUSINESS LIVE: CMA probes eight housebuilders; Bunzl buys Nisbets; Hipgnosis legal woes
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