Yesterday evening, reports emerged from the Wall Street Journal that Shell was in early talks over a possible bid to take over FTSE oil rival BP.

Shell’s statement refuted that, saying they were focused on their own growth rather than acquisitions.

A British mega-oil merger has been speculated about this year due to BP’s underperformance.

Let’s start with a quick roundup of all the biggest lines over the last 24 hours.

Good morning one and all – we’re back for another day’s live coverage of the business and finance world here on The Independent.

Coming up, the reaction to overnight stock markets across the US and Asia, plus what’s ahead for the new trading day starting after losses yesterday for the UK and Europe.