LONDON: US stocks open 6 points lower, FTSE 100 index declined 0.1percent on Monday
The UK blue-chip index closed down 0.9 percent at 6,749.40 points in the previous session.
Activity in China’s factory sector shrank for the second straight month in January, a private business survey showed on Monday, as the New Year got off to a rocky start for the world’s second-largest economy.
The company raised its profit forecast for the third time in as many months as costs fell and traffic grew, but it cautioned that profit growth will be modest next year as rivals’ cheaper fuel push fares down.
The oil major will unveil plans on Tuesday to slash billions of pounds off its capital spending programme in a bid to counter the impact of plunging oil prices and a fall in its fourth quarter profits, The Guardian reported.
The company has reached an agreement with Hutchison Whampoa’s 3 to use the UK mobile operator’s network to offer customised Internet plans for the smart appliances sold in its stores, the Financial Times reported.
Irish building supplies group CRH has agreed to pay 6.5 billion euros ($7.4 billion) for assets Lafarge and Holcim were obliged to sell ahead of their planned merger.
The drugmaker said its Vyvanse capsules were approved for binge eating treatment in the United States.
