Business

What's in store today...

Wednesday will see the release of the minutes from the May meeting of the Bank of England's Monetary Policy Committee. Read what else is coming up...

Facebook slips on forecast reduction

A reduction in lead underwriter Morgan Stanley's forecasts was the reason behind Facebook's share price fall on Monday, its second day of trading, according to Reuters.

Marks & Spencer cuts sales target as profits fall

Marks & Spencer on Tuesday reduced its three-year sales target, as the retailer published final results that revealed a drop in profits for the first time in three years.

Homeserve hit by FSA investigation

Shares in Homserve plunged on Tuesday after the repair services company warned that the Financial Services Authority intended to "investigate certain historic issues".

Vodafone cuts revenue outlook on European woes

Mobile service provider Vodafone on Tuesday lowered its medium-term target for revenue growth as consumers in southern Europe slashed spending.

What's in store today...

A busy week for corporate updates continues on Tuesday, with results expected from Marks & Spencer, e-therapeutics and Homeserve. Find out what else is coming up over the next 24 hours...

Facebook slumps amid Morgan Stanley rumours

Investors in Facebook were feeling bruised on Monday as it sank on its second day of trading, fuelling rumours its lead underwriter had stepped in to buoy the stock in its first session.

Red faces at Nasdaq after Facebook fiasco

Nasdaq's chief executive Bob Greifeld admitted he was "embarrassed" by the technical problems which blighted early trading of Facebook shares for private investors on Friday.

Apple, Samsung CEOs in US court talks over patent row

Apple and Samsung Electronics come face to face on Monday in mediation over a dispute in which the iPhone maker claims the Korean firm has copied some of its products.

The week ahead...

ASOS and MITIE are among the collection of companies reporting in the coming five days, while investors can also expect a slew of economic data. See what's in store...

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