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EU emergency gas plan takes effect; UK retail sales grow in ‘lull before storm’ – business live

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European stock markets are flat to slightly lower.

The FTSE 100 index is up 3 points at 7,485 while Germany’s Dax has slipped 34 points, or 0.3%, to 13,643 and France’s CAC and Italy’s FTSE MiB are little changed.

The UK fund manager abrdn reported a lower-than-expected first-half operating profit of £115m because of turmoil in global markets.

The insurer and asset manager Legal &…


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