1. UK economy shrinks for two months in a row, with recession calls growing
Gross domestic product in April fell 0.3% from the previous month
2. Is a renaissance of British mining now underway?
Yes, it’s small scale at present, and yes the companies that are at the forefront of the renaissance are small too, but...
3. Smurfit Kappa burnt by a factory fire
A huge fire at a major Smurfit Kappa Group plc packaging plant overnight sent its shares tumbling
4. Rolls-Royce 'woefully mis-priced' says Morgan Stanley (NYSE:MS)
An earnings recovery for Rolls-Royce is also much closer than the market has priced in
5. FTSE 100 triple-digit fall again
At the close, the UK blue-chip index was down 111.71 points, or 1.5% at 7,205.81, above the session low of 7,174.02 but well below the day’s opening peak of 7,317.52.