The auction marks a record for offshore wind capacity as the Government looks to decarbonise the UK’s grid by 2030.

Restaurant chain TGI Fridays has shut 16 restaurants with the loss of 456 jobs after tumbling into administration. The brand said it will keep most of its sites open after securing a rescue deal.

The oil giant joined FTSE 100 rival Shell, after it also last week cautioned over a weaker performance from oil trading amid lower crude costs.