Monarch, McCain, Nestlé: Everything that matters this morning

Monarch Airlines collapses into administration
Monarch Airlines, the UK’s fifth biggest airlines, has collapsed into administration, leaving more than 110,000 passengers stranded abroad and ruining the travel plans for hundreds of thousands more.
Monarch had been in last ditch talks with the Civil Aviation Authority (CAA) about renewing its licence sell package holidays. It had until midnight last night to reach a deal, but failed to do so. The company has now hired KPMG to work through th