Bakery manufacturer Finsbury Food Group (LON:FIF) reported a significant fall in revenue in its full-year results, sending shares down on Monday morning. The group said revenue fell 3.4 percent to £303.6 million in the year to June 30. Its UK bakery division grew 2.8 percent on a like-for-like basis in the period, however, ahead of the wider market. The company still expects to deliver profits in line with market expectations, but attributed the fall in revenue to a challenging environment. The group said: “In what has been a very challenging environment with unprecedented commodity and labour inflation, the group has done well to recover those cost pressures through a combination of operational efficiency and price recovery.” Boss John Duffy said: “We are pleased with the resilient performance of the group in what has once again been a period of market-wide inflationary pressure, illustrating that the work and investment undertaken in prior periods has continued to bear fruit. “The group is robust, well diversified and in a strong position to continue to deliver on its strategic objectives in the period ahead.” Shares sunk over 3 percent on the news, but have since regained ground. They’re currently trading down 1.91 percent at 112.80 (1101GMT).

The Chinese economy grew at its slowest pace since 2016 in the second quarter, as the country grapples with monetary policy decisions amidst mounting tension with the US. China’s economy grew at an expected 6.7 percent in the second quarter, with key readings on investment growth and industrial output also slowing in June. Retail sales remained roughly the same as the previous period. The official reading remained in line with analysts’ expectations. The country has been dealing with high levels of debt and the appropriate monetary policy approach to tackle them. On one hand tighter policy will force financial deleveraging, but a softer approach would be better to support growth. The ongoing trade spat between the US and China is also likely to have a negative impact on the economy, something which may well reverberate globally.

Shares in addiction treatment specialist Indivior (LON:INDV) soared on Monday morning, after announcing a legal breakthrough in the US. The group’s shares fell by a third last week after it emerged that Indian company Dr Reddy’s Laboratories had been given the green light to sell a generic version of Invidior’s best selling drug. However, on Monday Indivior confirmed that it had been granted a preliminary injunction against the company, which amounts to a temporary ban on the sale or import of its generic buprenorphine/naloxone sublingual film product. The news will be welcomed by investors, boosting the group’s share price after a dismal week last week. “Protecting the integrity of our intellectual property is fundamental to our ability to deliver our vision that all patients around the world have access to evidence-based treatment for addiction and its co-occurring disorders,” said CEO Shaun Thaxter. Shares in Indivior (LON:INDV) are currently trading up 25.72 percent at 366.10 (1127GMT).

Hargreaves Lansdown shares became the FTSE 100’s biggest faller on Monday, after Financial Conduct Authority said it may ban companies from charging exit fees that discourage customers from moving their accounts elsewhere. The FCA found that consumers were often put off making a switch due to it being difficult and time-consuming, as well as costly. Many firms charge ‘exit fees’ for clients looking to close their accounts. “Many advisers told us that they charge additional advice fees for switching platform because it is a full advice event which requires them to produce a suitability report”, the FCA wrote”‘ “We recognise advisers need to be fairly paid for their work. But it is not clear to us why meeting suitability requirements to switch platforms should outweigh the benefits of switching platform.” Investment platforms will be heavily hit from the news, with fees such as these a large source of revenue. Hargreaves Lansdown (LON:HL) shares were the worst hit by the news today, currently trading down 4.11 percent at 1,972.50 (1006GMT).

Newcastle-based building firm Northern bear reported a 9 percent rise in profit on Monday, alongside a special dividend. Pre-tax profit for the year through March rose to £2.6 million, with revenue up 18 percent to £53.6 million. Gross profit from continuing operations increased to £10.5 million, up from £9.3 million the year previously, while gross margin fell to 19.6 percent, down from 20.4 percent. The group’s finances were boosted by their acquisition of furniture-maker H Peel & Sons. The reduction in gross margin was the result of a change in sales mix. Northern Bear also pleased investors with a 20 percent increase in the final dividend, up to 3.0p per share. It also declared a special dividend of 1.0p per share. Steve Roberts, executive chairman at Northern Bear, said: “I am delighted to be reporting on another great set of results. “With a strong current order book, I am hopeful of another good year to come and would like to thank my fellow directors and the management teams and staff at all of our companies for the efforts they put into making the group such a success story.” Shares in Northern Bear (LON:NTBR) are currently up 3.29 percent at 84.70 (1021GMT).

ZTE (HKG:0763) shares soared on Monday morning, after the US lifted a ban on trading that had jeopardised the company’s future. US President Donald Trump intervened to end the ban, which was imposed in April after ZTE was found to have violated US sanctions against Iran and North Korea. The company was forced to halt its major operations in the US, taking a serious hit to business and sending shares down nearly 40 percent. The ban has now been replaced with a $1 billion fine and an additional $400m in a holding account against further violations, the US Commerce Department confirmed on Friday. “While we lifted the ban on ZTE, the Department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all US laws and regulations,” US Commerce Secretary Wilbur Ross said. ZTE’s Hong Kong-listed shares rose 16 percent on the news, currently at 15.94HKD (0955GMT).

Debenhams (LON: DEB) is attempting to reassure the City that its cash position is “healthy” after an insurer cut cover to suppliers of the chain. Major credit insurer, Euler Hermes, has been understood to reduced cover following growing concerns about the group’s ability to pay bills on time and in full. A source from the credit insurance industry source has said that the decision has been carried out in order to “avoid unacceptable risk” and was a “similar sign to what other unsecured creditors might do.” “There are a lot of companies out there in the scene that have a more traditional property portfolio and that are exposed financially,” they added. The department store giant has insisted that its relationship with credit insurers was “constructive.” The group has issued three profit warnings this year and has warned that full-year profits will be lower than expected. The group blamed “increased competitor discounting and weakness in key markets” for the fall in profits. Debenhams has said that market conditions have been “challenging” but it has “a clear strategy in place” and plans to take “decisive actions to strengthen the business”‎. “All the credit insurers continue to provide cover to our suppliers and we maintain a constructive relationship with them. It is well-documented that market conditions are challenging, but Debenhams continues to be profitable, has a clear strategy in place and is taking decisive actions to strengthen the business,” said the group in a statement. Debenhams is the latest retailer to come under pressure. Marks and Spencer (LON: MKS) have announced plans to close 100 shops, also warning that it could be forced to close more stores. Poundworld said on Friday that it plans to close a further 80 stores, resulting in 1,024 job losses. Shares in Debenhams slumped six percent in early trading.