Shares in travel group Thomas Cook were up nearly 8% this afternoon after it reported market share remained stable and revenues were up in the fourth quarter.

Poor results from companies such as Unilever, AstraZeneca and Shell last week showed the valuation gap between defensives and cyclicals is closing in a "vicious" fashion, according to JO Hambro Capital Management's James Lowen.

Net retail sales slumped nearly 40% last year to their lowest level in three years, according the IMA's annual figures.

The Walker Crips Group has seen its shares fall almost 15% after it issued a profits warning following a drop in AUM.

A graffiti artist is set to make $200m from the Facebook IPO after he opted for shares instead of a cash payment for his work in the head office seven years ago.

Invesco Perpetual's Paul Chesson has admitted to some "errors of judgement" which have caused his £289m Japan fund to underperform for the past 18 months.

Barings' multi-asset team has bought £350m in Italian government bonds in the expectation European banks will use the ECB's Long Term Recovery Organisation (LTRO) to buy government debt.

Amazon shares are expected to slide 9% when Wall Street opens, as the online retailer's sales failed to meet analyst expectations over Christmas.

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Neptune founder and CEO Robin Geffen has ruled out the possibility of a eurozone breakup following a meeting with Italian Prime Minister Mario Monti.