Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live

The International Energy Agency calls for urgent reopening of the strait of Homuz amid ongoing pressure on global oil supplies

Billionaire Mike Ashley is reportedly putting the final touches on a rescue deal for struggling retailer Harvey Nichols, which could involve job protection plans.

Sky News is reporting that Ashley’s Fraser Group says a takeover via a pre-pack insolvency could be announced tomorrow.