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Stocks fall as Greece's Syriza sweeps to election victory

Markets reacted negatively to the assumed victory of Greece's anti-austerity Syriza party early this morning, with European stock index futures falling.

Minutes after opening, futures for Euro STOXX 50, Germany's DAX and France's CAC were down between 0.6% and 1%.

The euro sank to an 11-year low of $1.1098 on the outcome of the vote, but later recovered to $1.221.

After early indications suggested a win for Syriza, leader Alexis Tsipras promised to renegotiate Greece's debt and end "austerity and destruction" in the country.

SSE to slash gas prices by 4.1%

SSE to cut household gas prices at end of April Credit: PA Wire

SSE is to reduce household gas prices by 4.1% on April 30 before extending its energy price freeze until at least July 2016.

It is the latest energy firm to announce a cut in gas prices.

British Gas announced a five per cent cut in prices, npower is to cut its standard tariff by an average of 5.1%, E.ON reduced tariffs by 3.5 per cent, and Scottish Power announced a 4.8 per cent drop in prices starting February 20.

Sunny spells in the south and showers in the north

Cloud and outbreaks of rain will clear southern areas of Britain later this morning, with sunny spells following for the afternoon.

The sunshine will be milky at times as high cloud drifts by but it will mostly be pleasantly dry and bright.

Sunny spells in the south and showers in the north of the UK are expected. Credit: Met Office

Further north, frequent heavy showers will continue across North West England, Scotland and Northern Ireland along with gusty winds.

These showers will fall as sleet and snow for a time in the far north of Scotland where there's also a risk of thunder, lightning and hail.

Eastern Scotland and North East England, however, will escape with a largely fine, bright day.

Feeling cold in the blustery conditions across the north but temperatures will be close to the January average. After a mild start to the day across southern areas, we'll see highs of 7 or 8 Celsius this afternoon. In the north, temperatures will reach 4 or 5 degrees but it will be much cooler during any heavy downpours.


Church of England's first woman bishop to be consecrated

The Church of England's first female bishop will be consecrated in a ceremony later today.

Reverend Libby Lane was named as the Bishop of Stockport in December. Credit: PA Wire

The Reverend Libby Lane, 48, will be ordained as the new Bishop of Stockport in a service, conducted by the Archbishop of York Dr John Sentamu, at York Minister.

It comes months after the General Synod formally adopted legislation allowing women bishops.

Speaking at the time her appointment was announced, the mother-of-two hailed the moment as "significant", adding: "I'm the first, but I won't be the only."

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