The FTSE 100 has ended the day 0.4%, or 30 points, lower at 6,828 points. 

Fresnillo was the biggest faller, down 5.9%, with miners also making up the other four largest decliners.

Four of the top five risers were housebuilders, with Taylor Wimpey the best of the bunch, adding 3.5%.

Image source, Getty Images

I'm very glad you asked me that question. Speedo is owned by PVH Corporation, which also has brands such as Calvin Klein, Tommy Hilfiger and Van Heusen under its umbrella and had revenues of $8bn last year. Its origins date back to 1881.

Shares in PVH were down 1% in late morning trading in New York. 

We've been having a discussion in BBC Towers about whether Ryan Lochte lied, or was simply "over-exaggerating".

Sports Illustrated writer Richard Deitsch has this view:

Why has Speedo taken this action? It hasn't been specific - but you can be fairly confident it's related to Ryan Lochte's "over-exaggerating" about being robbed at gunpoint while in Rio for the Olympics.

He claimed that he and three other US swimmers had been robbed at a petrol station. CCTV footage appeared to contradicted that story, however.

He apologised to the people of Brazil - but denied that he had lied.

Image source, Getty Images

Swimwear maker Speedo says it will end its sponsorship of US swimmer Ryan Lochte. 

Not quite a huge surprise, but nevertheless former French president Nicolas Sarkozy has officially announced his bid for re-election on Monday. 

He lost to Francois Hollande in 2012 but had been widely expected to have another go. 

A divisive figure both loved and loathed among right-wing voters, Mr Sarkozy has not said if he will join the conservative Les Republicains party primaries scheduled for November. More than a dozen contenders are vying for the nomination, including his main rival Alain Juppe. 

BBC Monitoring
News from around the globe

Image source, Getty Images

China has launched Yongzin.com, the world's first Tibetan-language search engine, according to official broadcaster CCTV. 

Shanghai newspaper Oriental Daily says that the Tibetan Information Technology Research Centre in Qinghai began developing the platform in April 2013 "to meet the global demand for a personalised service for Tibetan netizens". 

Yongzin looks rather similar to Google and allows users to search in Tibetan for news, images, videos and music. It also provides an encyclopaedia and forum service. Funnily enough, most of its content focuses on Chinese government policy.

BBC technology correspondent Rory Cellan-Jones tweets:

Sad news from Iraq today: a Briton working for a company removing mines laid by Islamic State militants has died, according to reports. 

The British embassy in Baghdad said it was "aware" that a British national had been killed in Ramadi, about 60 miles (100km) west of the capital. 

An American company, Janus, is clearing mines in the area left by Islamic State when the city was retaken in December.

A senior police official in the province of Anbar confirmed the incident, but Janus has not yet commented. 

Image source, Getty Images

Workers in London hotels are being exploited, suffering low pay rates and "shameful" employment practices, the union Union claims. 

It says the sector employs many migrants, who are left exhausted after their shifts because of long days and staff shortages. Hotel staff often did not have time for a meal or rest break, while many chefs had suffered accidents caused by tiredness, according to Unite. 

Peter Kavanagh, Unite's London regional secretary, said: "The London hotel sector is failing its workforce. It has become a byword for low pay and exploitation. It is a sad fact that hotel workers in places like Manila and Buenos Aires are shown more respect when it comes to their basic human and trade union rights, than workers in the capital of the world's fifth largest economy." 

The union is staging a protest in London tomorrow to highlight its complaints. 

Image source, AP

US retailer Office Depot says, external boss Roland Smith will retire by early next year.

The departure comes just months after a federal judge blocked a planned merger, external with rival office supplies retailer Staples.

Investors are unmoved following Pfizer's $14bn deal to buy Medivation - Pfizer shares are becalmed at $34.94 in New York as trading gets underway on Wall Street for another week. 

Medivation, however, is almost 20% higher, as you might expect of a bid target. The jump now values the company at $13.3bn,

The Dow Jones has followed the FTSE 100 lower, shedding 0.4% to 18,478 points, the S&P 500 lost 0.3% to 2,176 points, while the Nasdaq also slipped 0.3% to 5,224 points. 

Mining and materials shares were hit as the prices of copper and other metals declined.  

Chris Johnston
Business reporter

Thanks to Dan and Catherine for the day's coverage thus far. I'm here with the rest of Monday's business news, not that there is an awful lot around, given we are now in the dog days of summer with not even the Olympics to distract us.

I'll try to keep you - and myself - both entertained and informed. Do drop me a line with any comments - bizlivepage@bbc.co.uk or follow me on Twitter: @cajuk, external

Image source, AP

VW says it's "working intensively" to make sure car dealerships aren't affected by the closure of several of its German factories. The car maker currently expects to meet "all confirmed delivery dates".

Image source, Science Photo Library

Earlier this month the World Gold Council revealed figures, external showing "anaemic jewellery demand". But that might be about to change after Reuters points out, external that festival season is nearly here in India and China.

Tradition dictates the giving of gifts of gold jewellery as well as heavy investment in the precious metal. The news agency reports that jewellers have begun stocking up ahead of the anticipated swell in buying. 

Image source, Getty

A set-top box offering video-on-demand services has been unveiled by the state broadcaster KCTV in North Korea, according to local reports.

The box, called Manbang, has been dubbed the country's version of Netflix in some reports.

It connects to the state-controlled intranet and is said to enable viewers to search for and replay documentaries and watch five TV channels.

KCTV said consumer demand for the device was high.

Image source, Randgold Resources

A bit more on the fall in commodity prices that's troubling the FTSE's mining stocks today. Silver prices dropped 1.90%, copper fell 1.06% and gold dipped 0.56% in morning trade, according to stockbroker Hargreaves Lansdown.

Oil prices are down 3% to $49.39 a barrel, partly due to Iraq's plans to increase exports. Hargreaves Lansdown also blamed the oil fall on a stronger US dollar and data showing the number of active oil rigs in the US rose by 10 last week, which it said was "adding to worries about the supply glut." It also says "hope for a deal on stabilising the market at next month's unofficial Opec meeting is also fading."

Image source, Barclaycard

The use of contactless payments in the first half of the year outstripped use in the whole of 2015 as consumers switched from cash to cards, writes the BBC's Kevin Peachey. 

The average transaction amount of just £8.60 shows people are mainly using their cards to make relatively small purchases. However, spending and the number of transactions on contactless cards were higher in the first six months of 2016 than in all of last year, figures from the UK Cards Association show.

Contactless now accounts for 18% of card spending - up from 7% a year ago, the data shows.

When Japanese prime minister Shinzo Abe appeared at the Rio Olympic closing ceremony dressed as the Nintendo game character Super Mario, he brought the house down.

Twitter erupted with praise for the leader of the world's third largest economy.

One perhaps surprising consequence appears to be the effect on Nintendo's share price, which rose 3% in trading today. 

One Twitter user compared Abe's appearance to that of the Queen in the London 2012 opening ceremony.