FTSE 100 Live: London shares seen lower after Wall Street stocks fall, Rentokil warns on US business

Hipgnosis Songs Fund’s board is considering kicking out Merck Mercuriadis to put somebody else in charge of managing its collection of hits by artists from Barry Manilow to 50 Cent. The board said it had considered severing its agreement with Mercuriadis’ Hipgnosis Songs Management, which runs the fund, but that doing so without a new team in place would trigger a default. Rentokil Initial has warned that its US business will not reach its expectations this year, due to "near-term market uncertainty".