German factory orders rise faster than expected; Asian shares fall on tech pullback – business live

Germany’s biggest arms maker Rheinmetall slashes outlook after cancelled government contract; crude oil prices hold below $80 a barrel UK housebuilder Persimmon has lifted its outlook, saying it is “well-placed” to benefit from prime minister Andy Burnham’s policy agenda, despite growing costs linked to the Iran war. The FTSE 100 builder told investors this morning that pre-tax profits were up 15% for the first six months of the year to £168m, following a 13% rise in the number of homes built over the period. Persimmon remains well-placed to drive further growth through our unique set of capab