The UK government imposed a lockdown on Monday, banning gatherings of more than two people and closing non-essential shops in its latest bid to fight the spread of the coronavirus pandemic.
Shares fell at the start of the week with traders' focus firmly om the still rapidly rising number of cases in both Europe and the US - although there were some glimmers of hope in Italy.
The UK government advised all Britons travelling abroad to return home immediately, an hour before Prime Minister was due to address the nation on the coronavirus crisis.
Investors' focus on Tuesday will be firmly on Capitol Hill amid expectations that lawmakers are close to thrashing out a stimulus bill to help deal with the fallout of the coronavirus pandemic.
Precious metals miners Hochschild Mining and Petropavlovsk were both wanted at the start of the week, as the US central bank in effect shifted to a policy of unlimited asset purchases, as some analysts had correctly anticipated.
S&P again lowered its ratings for beleaguered money exchange firm Travelex, citing the inability of parent company Finablr to offer any financial and liquidity support.
London stocks tumbled lower on Monday afternoon after a lunchtime spike, amid growing concerns about the impact of the Covid-19 coronavirus pandemic, as investors waded through another deluge of related updates, with a deadlock in the US Senate over stimulus souring the mood further.
CPPGroup reported “rapid growth” in its international revenue and customer numbers in a trading update on Monday, leading to a financial performance for 2019 that was in line with its board's expectations.
Greggs issued a profit warning on Monday due to the coronavirus, scrapped its dividend and said it could not provide forward guidance.
Morgan Stanley upgraded its recommendation for shares of InterContinental Hotels Group from 'underweight to 'equalweight', pointing out to clients its "high" liquidity and "low" cash burn, and arguing that the company's headroom on its debt covenants seemed "reasonable".
The decline in retail footfall as a result of the Covid-19 coronavirus pandemic so far is three times larger than the previous worst record, according to fresh analysis from Springboard on Monday.
Shares on Wall Street were trading sharply lower even after the US central bank announced its plans for open-ended asset purchases.
London’s FTSE 100 was down 4. 3% at 4,970. 42 in afternoon trade on Monday as the Federal Reserve’s coronavirus stimulus package failed to assuage investors.
The UK government was under increasing pressure to extend its wage guarantee to cover the self-employed hit by the Covid-19 crisis as a former central bank governor called for intervention and a union representing gig economy workers said it was taking legal action.
Berenberg upgraded Burford Capital to 'buy', arguing the litigation finance company's shares had fallen too far.
Shell said it was cutting capital expenditure, underlying operating costs and postponing the next phase of its share buyback to save $10bn in the face of the Covid-19 pandemic.
Okyo Pharma updated the market on its recently-announced placing on Monday, saying it had agreed to stagger it into two tranches.
Advanced materials engineering company Versarien has entered into a £6m subscription agreement with Lanstead Capital Investors, a US managed institutional investor, together with a related sharing agreement, it announced on Monday.
Analysts at Barclays cut their target prices for a wide swathe of European beverage stocks in order to factor-in the impact from the coronavirus epidemic on trading in Europe and the US, as opposed to just China and Asia Travel Retail.
UK Oil & Gas has filed a planning application with the Isle of Wight Council for the appraisal drilling and flow testing of the Arreton oil discovery, it announced on Monday.