Business bites: Eurozone service sector grows slightly


There has been growth in the eurozone's service sector for the first time in four months according to the Markit eurozone services purchasing managers' index.

The index stood at 50.4 in January, up from 48.8 in December. Any score under 50 represents a contraction.

The survey also found an increasing gap between the stronger eurozone economies, such as Germany, and weaker countries such as Spain.

Meanwhile, Spanish Prime Minister Mariano Rajoy has announced plans to overhaul Spain's banking sector so it can raise an extra 50bn euros ($65.8bn; £41.6bn) of capital.

The BBC's Jamie Robertson discusses the key financial stories of the day.

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