The FTSE100 has opened slightly lower this morning as poor news for Ryanair and a higher oil price smacks the aviation sector. London's blue chip index is currently 5.10 points (0.1%) down to 5347.50.
British Airways leads the losses after budget airline Ryanair reported an 85% in Q1 profits. BA is 4.96% behind to 234.50.
Expectations of large profit falls in the Q2 reporting period has hit financials, with HBOS down 4.51% to 296.25 and Old Mutual 3.22% lower to 96.10.
Publisher Pearson leads a host of mining giants at the top, up 3.02% to 613.50; while Antofagasta is 2.98% ahead to 519 and BHP Billiton is 2.9% higher to 1598.
In New York, Wall Street posted slight gains on Friday as unexpected positive economic data boosted investor confidence on another difficult day for financials. The Dow Jones IA added 21.41 points (0.19%) to 11370.69.
Tech stocks closed the week well, with Microsoft 2.83% higher to 26.16. Aviation giant Boeing gained 2.08% to 63.83.
General Motors struggled despite US car orders climbing the most in 11 months, down 8.46% to 11.90.
Financials again stuttered, with Bank of America 3.46% lower to 29.58.
In Tokyo, Japanese stocks climbed modestly on Monday as rising metal prices buoyed commodity producers. The Nikkei 225 closed 19.02 yen (0.14%) higher to 13,353.78.IFAonline
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Square Mile’s series of informal interviews
Fine reduced to £60,000
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