Boeing Co (BOE) expects 737 Max crisis costs to reach $18.6bn. The aircraft maker logs its first annual loss in more than 20 years amid fallout from jet’s grounding.
European Parliament gives its blessing to Brexit deal. Brussels ratification clears way for Britain to leave the EU on Friday.
Coronavirus crisis hits global businesses in China. British Airways halts all flights to mainland as companies scale back operations.
Federal Reserve stands firm on interest rates. Central bank statement notes household spending is ‘moderate’ rather than ‘strong’
The more affordable iPhone 11 is an unlikely star of Apple earnings. Cutting the price of the flagship handset unexpectedly boosted growth in the holiday quarter.
Intu Properties (INTU) hit by new debt blow on flagship Newcastle mall. The falling value of the UK group’s MetroCentre has triggered a covenant on a £485m bond.
Frasers Group Plc (FRAS)‘s Sports Direct fights order to hand documents to watchdog. Retailer hopes to overturn 2018 ruling on information it provided to Grant Thornton and Deloitte
Nissan’s ‘invisible’ chief accused of failing to lead. Makoto Uchida’s low-key approach raises doubts about his ability to solve crisis.
Spanish lender Banco Santander S.A. (BNC) boosts its capital position. The bank projects acceleration in profit growth after upbeat end to 2019.
Streaming battle weighs on AT&T’s revenues. The media group makes costly investments in HBO Max service as TV cord-cutting accelerates.
Northern rail franchise to be nationalised, says UK government. Arriva’s contract halted early as state takes over second operator in 2 years.
General Electric Co (GEC) forecasts lower earnings growth due to Boeing hit. Industrial said outlook was ‘dependent on 737 Max’s return to service’.
Ticket reseller StubHub faces legal threat from regulators. Competition watchdog alleges customers ‘misled’ and demands changes to resale site.
