UK house prices rise and economic growth revised up but Iran war clouds outlook – business live

Rolling coverage of the latest economic and financial news

European markets are subdued this morning: the UK’s FTSE 100 is pretty flat rising only slightly by 0.1%. France’s Cac 40 and Germany’s Dax are also both up by 0.1%. The Italian FTSE MIB is down 0.3%.

Oil prices are edging higher, with the international benchmark Brent crude rising by 0.6% to $113.43 a barrel.