Market Report
Coca-Cola ditches plans to refranchise Africa bottling business
Shares in bottling company Coca-Cola HBC slumped on Monday after Coca-Cola Co. said it will keep its majority stake in Coca-Cola Beverages Africa "for the foreseeable future".
FTSE 100 movers: Tui tumbles and Coca-Cola loses its fizz
London's FTSE 100 was down 0. 7% at 7,299. 01 in afternoon trade on Monday, with housebuilders proving a drag.
Small caps round-up
City Pub Group reported a jump in sales on Monday for the 19 weeks to 12 May, as it said it's on track to meet expectations for the year.
UK unions urge investors to press Amazon on staff working conditions
UK trade unions are lobbying investors to pressure Amazon into improving the working conditions for its warehouse staff who must endure targets that can even lead to physical injury.
Europe close: Stocks finish lower as trade war concerns extend to technology space
Stock markets across the Continent sustained heavy losses following a rout in the technology sector after the US blacklisted Chinese telecommunications equipment manufacturer Huawei last Friday, banning US companies, including chipmakers, from supplying it with much needed components.
FX round-up: Rabobank says risks for the pound lie to the downside
Sterling was little changed at the start of the week, as investors bid their time ahead of the European parliamentary elections, which some - albeit not all - observers said would serve as a proxy vote on Brexit.
London close: Homebuilder and travel stocks pace losses
London stocks slipped, led lower by weakness in the housebuilding sector, as worries about Brexit and Sino-US relations weighed on investor sentiment.
Tuesday preview: BoE's Carney, Severn Trent in focus
Investors are likely to focus on the Bank of England's Mark Carney on Tuesday.
FTSE 250 movers: Merlin loses its magic, Aston Martin accelerates
London's FTSE 250 was down 0. 81% at 19,341. 00 in afternoon trade on Monday, with Merlin Entertainments leading the index lower.
Tesla shares falls to two-and-a-half year low after target price cut
Tesla shares fell Monday after an analyst Wedbush analyst Dan Ives cut the price target on the stock to $230 from $275.
Broker tips: Greggs, Hays, Merlin Entertainment, Boohoo
Analysts at Berenberg upped their target price on bakery chain Greggs from 1,600p to 1,780p, on Monday, praising the group for its "excellent start" to the year.
NGO criticises UK government welfare cuts, says children to go hungry
NGO The Human Rights Watch accused the government of carrying out welfare cuts that had seen tens of thousands of poor families left without food and thus failing in its responsibility to ensure adequate sustenance for its citizens.
Director dealings: Woodbois chair ups stake
Woodbois revealed on Monday that chairman Miles Pelham had acquired 1m ordinary shares in the AIM-listed timber trading firm.
Ford plans to cut 7,000 jobs amid global sales slowdown
Ford plans to eliminate around 10% of its global workforce or 7,000 jobs as it tries to keep up with changes in the auto industry amid a slump in global sales.
US open: Stocks head south following Washington's blacklisting of Huawei
US equities opened lower on Monday, with market participants concerned about the potential repercussions of the White House's crackdown on Chinese telecommunications giant Huawei.
ShoreCap downgrades Boohoo, says shares fairly valued
Shore Capital downgraded its stance on shares of online fast-fashion retailer Boohoo to 'hold' from 'buy' on Monday, saying the stock is fairly valued for now.
Sprint surges as FCC chairman recommends approval of T-Mobile merger
Shares in Sprint Corp surged on Monday after US Federal Communications Commission chairman Ajit Pai said he would recommend approval of its $26. 5bn merger with T-Mobile.
Low & Bonar tumbles as it warns on profits, announces CEO departure
Low & Bonar was under the cosh on Monday as it warned on profits and announced the departure of its chief executive officer, Philip de Klerk.
Ganfeng makes strategic investment in Bacanora Lithium
Bacanora Lithium announced the signing of a non-binding heads of terms for a strategic investment in both Bacanora and its flagship Sonora Lithium Project in Mexico by Ganfeng on Monday.
Bezant granted new environmental impact assessments in Argentina
Copper-gold exploration and development company Bezant Resources announced on Monday that updated environmental impact assessment (EIA) approvals permitting certain specified additional exploration work and drilling activity on the most prospective areas of its Eureka Project in Argentina had now been granted by the Director of Mining and Energy Resources of the Secretariat of Mining and Hydrocarbons, Government of Jujuy.