Eurozone on brink of recession as economy shrinks by 0.1%; Odey Asset Management winding down – as it happened

The centre of Paris, France, where growth has slowed from 0.6% to just 0.1% Photograph: Sergey Borisov/Alamy

3.46pm GMT

Closing post

Time to wrap up….

Here’s our news story on today’s eurozone GDP growth report….

…and the latest on the situation at Odey Asset Management:

And here’s the other major news of the day:

3.33pm GMT

Russia "tightens capital controls on western companies"

Russia has reportedly imposed additional currency controls in an attempt to prop up the falling rouble, restricting western companies that sell their Russian assets from taking the proceeds in dollars and euros.

International companies that want to exit Russia after its invasion of Ukraine have to sell their assets in roubles under new government restrictions, according to the Financial Times, which cited people familiar with the matter.

If they insist on receiving foreign currency for their assets, they face delays or even losses on the sums that can be transferred abroad, the FT reported.