UK PM Starmer is, according to a 'very senior minister', going to fight, ITV's Peston reports. The minister adds, “let’s see where we end up”

UK Cabinet Minister McFadden says no one directly challenged PM Starmer during the cabinet meeting; Kendall says Starmer has her "full support"; Kyle says Starmer provides "steadfast leadership"

UK PM Starmer "is reportedly looking for a dignified way of ending all this. But he doesn't want to be seen to be forced out", Mail on Sunday's Hodges reports

UK PM Starmer is, according to a 'very senior minister', going to fight, ITV's Peston reports. The minister adds, “let’s see where we end up”

Siemens (SIE GY) is reportedly looking to acquire Mer Mec, in a deal valued at over EUR 1bln, Bloomberg reports citing sources

AUSTRALIAN BUDGET: Australia sees 2025/26 budget deficit at AUD 28.3bln (vs AUD 36.8bln projected); sees 2026/27 budget deficit at AUD 31.5bln, 2027/28 deficit AUD 31.0bln; Treasurer says budget helps, rather than harms, the fight against inflation