Market highlights

Green energy firm Dong Energy may be valued as high as 106.5 billion krone (S$22.04 billion) in an initial public offering, in what looks set to become Denmark's biggest public share sale in decades.

2 British household spending rose 0.7 per cent, the fastest pace in almost a year. Economic growth overall for the United Kingdom slowed to 0.4 per cent from 0.6 per cent in the fourth quarter.

3 AirAsia plans to expand its fleet as it taps demand in a region projected to surpass the United States as the world's biggest air- travel market in two decades, led by China. It looks to add five aircraft this year and as many as 10 next year.

4 Risks to the global economy remain despite signs of stable growth, German Chancellor Angela Merkel said yesterday, adding that low commodity prices were a problem for many countries.

5 The number of mortgages approved by British banks last month fell to its lowest number since March last year. British banks approved 40,104 mortgages for house purchases last month, down from 43,854 in March.

A version of this article appeared in the print edition of The Straits Times on May 27, 2016, with the headline 'Market highlights'. Print Edition | Subscribe