BUSINESS LIVE: UK inflation falls to 3.2%; Being affected by new gambling rules; ASOS makes another big loss

Companies with reports and trading updates today include Entain, ASOS, Just Eat Takeaway, Antofagasta, Workspace Group and Liontrust Asset Management.

Louis Vuitton owner LVMH is hit as luxury goes out of fashion

He is known as ‘the wolf in cashmere’ after turning LVMH into a £333bn luxury goods powerhouse through a series of ruthless takeovers that boosted growth.

And now Bernard Arnault – who has made himself the richest man in the world with a fortune of £175 billion – is setting the stage for his five children to take over the empire.

The FTSE 100 index opened at 7820.36