... * FTSE closes down 1.6 pct at 6,432.21 points. * Rolls-Royce falls for second day on broker downgrades. * Mining shares under pressure as metal prices fall.
Tom Hayes, the former City trader fighting criminal charges for manipulating Libor, said he originally confessed to misconduct in 2013 after being “frozen with fear” that he would be extradited to America.
Two cheers for the Competition and Markets Authority's provisional findings in its energy market investigation. The first is for its comprehensive assessment of which aspects are a problem and which aren't.
However, the first quarter like-for-like trading was an improvement on the same period a year earlier. It also beat the consensus of analysts' forecasts, which was for a 1 per cent fall.
Rolls-Royce has had �2bn wiped off its market value since Warren East took the helm of the engineering group. Mr East officially took charge as chief executive on Friday, with the FTSE 100 company valued at �16.1bn when the markets closed the previous ...