1. B&Q parent Kingfisher warns of lower profits due to stagnant retail spending
Shares in the FTSE 100-listed retailer fell 2% in early trading on Monday after annual results showed that revenues and earnings were heavily impacted by stagnant retail spending for the 12 months to 31 January.
2. Wind farms probed on claims customers were overcharged by £100mln
Wind farm operators are facing a probe by the UK’s energy regulator, following claims that they were overcharging when asked to switch off turbines to cut excess power to the grid.
3. Direct Line sinks as markets react to Ageas walking away
Hans De Cuyper, CEO of Ageas, said: "We had hoped to reach agreement on a jointly recommended firm offer together with the Direct Line board.
4. Government cuts NatWest stake to below 30%
Some 101,159,756 shares were sold by the Treasury on Monday, reducing the government’s stake from 30.98% to 29.82%, meaning the Treasury is no longer technically a controlling shareholder.
5. FTSE 100 falls back after stellar last week
Blue-chips closed 13.35 points lower at 7,917.57.