ChatGPT firm OpenAI could be valued at $500bn in share sale; Honda Motor profits halve as tariffs bite – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsLondon’s main share index is inching closer to the record high struck at the end of last month.The FTSE 100 share index traded as high as 9184 points this morning, just 6 points away from the intraday high of 9190 hit on 31 July.“The FTSE 100 is trading slightly higher, although earnings reports are stemming an even greater gain for the index. Glencore is down around 3.5% after the miner reported a drop in first half profits and Legal & General is down a similar percentage, disappointing investors despite an earnings beat.”“London’s listing authorities will breathe a sigh of relief over Glencore’s plans to stay on the LSE, mainly since it seems unlikely it can make the S&P 500.It’s been a gloomy update overall from Glencore, which has suffered from the dire performance of coal prices, though recent improvement there and in cobalt provides hope that they can turn the ship around in the second half.” Continue reading...

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