The IHS Markit/CIPS Purchasing Managers' Index for British services firms, released this morning, fell to 62.4 from 62.9 in May. It was slightly higher than a preliminary June reading of 61.7. IHS Markit said there was a slight dip in exports because of restrictions on travel and uncertainty about quarantine policies. Brexit is also cited as a drag on export orders to the EU.
Meanwhile, WM Morrison accepted an offer of £6.3 billion from a group of investors led by SoftBank Group's Fortress Investment Group, or GBp 254 per share, after rejecting CD&R's offer, which was considered too low.
Things to read this morning:
https://www.ft.com/content/771f6d40-ecd2-4855-8193-d0550f1d2e3d
https://www.ft.com/content/410100d0-9d8c-4563-a922-5ef11422abca