LONDON (Reuters) - Aviva shares fell almost 4 percent and Friends Life jumped 7 percent on Monday following news of their possible 5.6 billion pound merger, seen as providing a good fit in the life and pensions insurance sector.
The Bank of England has announced that big-four auditor Deloitte will conduct the review into the glitch that saw UK payment systems go down for 10 hours last month.
The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn, its finance minister has said.
The tumbling price of oil sparked a profit warning at oil services firm Petrofac today wiping a quarter off the company's value.
Shares in the UK medical device manufacturer surged nearly 10 per cent on Monday on a Bloomberg report that the US surgical implant maker Stryker was considering an offer.