Out-of-work couples with children face "a decade of sharply declining living standards" owing to changes made to benefits, anti-poverty campaigners say.

EEF, a lobby group for engineering and manufacturing employers, says a 'rollercoaster of risks' is taking its toll on UK manufacturing.

Asian markets were mixed on Monday as China reopened and despite stocks in the US which headed lower after jobs figures were released.

Troubled Japanese conglomerate Toshiba posts a net loss of 37.8bn yen ($318m; £209.3m) for the year to March.

Commodities supplier and trading giant Glencore announces plans to reduce its net debt of some $30bn via a proposed equity issuance, among other measures.

Tesco sells Homeplus, its South Korean business, for £4.2bn as the troubled supermarket chain seeks to shore up its balance sheet.

London's leading shares open higher on Monday, recovering some of Friday's losses.

Falling profits across Associated British Foods' operations are rescued by booming sales at its budget retailer Primark.