Market Pulse
Interserve wins $230m defence contract
Interserve was celebrating a major contract win on Monday, having been awarded a five year, £230m contract with the Ministry of Defence’s Defence Infrastructure Organisation to provide facilities services to the United States Air Force’s UK estate.
Strong start to year for Reckitt Benckiser
Consumer products firm Reckitt Benckiser described its first quarter as “good” on Monday, despite a number of challenging trading conditions, with sales growing 5% on a like-for-like basis and 4% on an actual basis to £2. 3bn.
London pre-open: Stocks seen lower as oil skids on failed Doha meeting
London stocks were set to open lower on Monday as oil prices slid in the wake of the failed Doha meeting over the weekend.
Monday newspaper round-up: Brexit, tax avoidance, Boots, StanChart
Leaving the EU would cost households £4,300 a year making them “permanently poorer”, chancellor George Osborne will say on Monday when the government publishes its long-term assessment of the economic costs of Brexit. Saying that British people should be “builders, not wreckers”, the chancellor will say, “Britain is safer, stronger and better off inside a reformed EU. ” – Financial Times.