Market Pulse
Fastjet shares plunge after stark profit warning
Fastjet's share price plunged early on Monday, after the Africa-focused airline issued a stark warning over its long-term viability as challenging market conditions in the continent continued.
Europe open: Stocks edge lower as investors book profits after recent gains
European stocks edged lower in early trade, with investors booking a few profits following recent gains as the focus shifts to this week’s European Central Bank meeting.
London open: Stocks decline as BIS warns of "gathering storm" in global economy
The FTSE 100 was on the back foot on Monday after the Bank of International Settlements (BIS) warned of a “gathering storm” in the global economy.
BCC chief steps down amid accusations of government pressure
The chief of the British Chambers of Commerce stepped down over the weekend after calling for the UK to exit the European Union, although one report indicated the business lobby had in fact come under pressure to ask for his resignation.
Avingtrans aerospace division signs contract with Rolls-Royce
The aerospace division of Avingtrans, Sigma Components, has signed a 10-year contract with Rolls-Royce valued at more than £75m.
China will move cautiously to increase government spending
China continued to have room to increase government spending to prop up the economy, but it was unclear just how much, the country's finance minister said on Monday.
Watchstone agrees sale of Quintica for £1.35m
Insurance technology company Watchstone Group, formerly known as Quindell, has agreed to dispose of Quintica Holdings Limited to Quintica International Holdings for around £1. 35m.
UBS downgrades Anglo American, says risk/reward not compelling
UBS downgraded Anglo American to ‘sell’ from ‘neutral’ saying the risk/reward was not attractive, but lifted the price target to 400p from 290p.
Glaxo's Advair Diskus study results published by NEJM
Results from GlaxoSmithKline’s long-term safety study of Advair Diskus for the treatment of adults and adolescents with asthma have been published by the New England Journal of Medicine.
Clarksons trading well despite strong headwinds
Shipping services group Clarkson reported on a year of solid growth on Monday, with revenue growing 26. 9% to £301. 8m in the 2015 calendar year, from £237. 9m in 2014.
London pre-open: Stocks seen lower on profit-taking
London stocks are expected to open a little weaker on Monday as investors look to book some profits following recent gains.
Old Mutual tells market to wait on split rumours
Old Mutual responded to weekend press speculation with anything but clarity on Monday, releasing a short statement to the market.
Monday newspaper round-up: BCC leader, EDF, FCA on banks
John Longworth resigned on Sunday night as director-general of the British Chambers of Commerce after being drawn into a political row over his support for the UK to leave the European Union. The surprise decision illustrates the increasingly febrile atmosphere around the impending referendum on EU membership on June 23. - Financial Times.