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Five at Five: Old-time trusts to merge, AO World profits surge, Deliveroo bid talk, FTSE 100 slips,, Retail sales drop

1. Alliance and Witan investment trusts to merge

Merger "makes sense for shareholders" says broker Stifel,

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2. AO World profits rocket

White goods retailer reported annual profit above expectation

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3. Deliveroo shares jump on Doordash's takeover interest

US delivery company may be interested in a bid

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4. FTSE 100 lower as US markets wobble

Concerns about tech sector prove a drag

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5. Phoenix Group shares fall on plans to sell SunLife

SunLife, the over-50s financial services company, is “no longer core to the delivery of its vision”.

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Other news

AFC Energy reveals the success of ammonia fuel technology project

Creo Medical 'executing on all fronts'