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LSE Volume: 6,361 M
Avg Vol: 5,422 M +17%
Unchanged 581

FTSE plunges as Grexit fears see financials falter

FTSE indices closed heavily lower, following European bourses' lead and providing cue for the Wall St, with financials, mining and retail-related stocks the main ballast as markets fret over the increasing possibility of 'Grexit' from the euro zone.

BP shareholders demand climate change transparency

Oil giant BP will publish more information on climate change issues following overwhelming shareholder approval of a special resolution at the company's annual general meeting.

Poundland probe

Poundland's proposed takeover of 99p Stores is being referred to a phase 2 investigation by the Competition Markets Authority. It said Poundland had failed to offer any undertakings to address concerns the takeover would result in a substantial reduction in competition.

AFPO's placing

African Potash has secured funding of £1.2m through a placing of new ordinary shares through Cornhill Capital. Proceeds would enable it to redeem the outstanding convertible securities held by Bergen Opportunity Fund and be used for ongoing working capital needs.

AGM's findings

Applied Graphene Materials reports positive preliminary findings following independent performance testing on graphene reinforced polyurethane coatings using graphene produced by the group. The performance testing was undertaken by a globally recognised independent coatings expert.

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