| Tesla shares soar 40% after analyst says firm’s value could hit $1.3tn | |
| Carmaker is world’s second most valuable despite never having made an annual profit | |
| Ikea is to close its Coventry city centre store this summer, marking the first closure of one of its big UK branches, putting 350 jobs at risk. | |
| The outgoing chief executive, Bob Dudley, has agreed to bump up shareholder payouts despite a sharp fall in the company’s profits last year as he prepares to retire after a decade at the helm. | |
| Supermarket sales of no- and low-alcohol beer jumped nearly 40% in January as Britons challenged themselves to a month off booze. | |
| Mike Ashley’s Frasers Group Plc (FRAS) has bought a 12.5% stake in the luxury British handbag company Mulberry as he seeks to push his retail empire upmarket. |
| Tesla shares jump above $900 to record high as analyst says it could be worth over $1 trillion | |
| Tesla’s shares are on a meteoric rise, and they could have further to go. | |
| Morrisons boss David Potts faces fresh pressure to boost sales after figures showed the grocer is lagging behind major rivals as shoppers shun meat and booze. | |
| The car industry has accused the Government of “moving the goalposts” on Britain’s embattled automotive sector by bringing forward a ban on the sale of new hybrid, petrol and diesel vehicles. | |
| Carlsberg is braced for a major hit in China after the coronavirus outbreak triggered a temporary shutdown of hundreds of karaoke bars. | |
 | BP (BP.)’s army of retail investors have been handed a bumper dividend pay-out by boss Bob Dudley in his final act before leaving the firm, despite a fall in profits. |
| Opec considers oil cutback as Japanese and Australian central banks warn over coronavirus. Cartel of oil producers considers action to support prices in the face of plunging demand from China. | |
| High-flying banker thought to be earning £1m suspended for ‘stealing food’. The Citigroup employee is thought to have swiped food on several occasions. |
 | Inchcape (INCH) boss Stefan Bomhard is to leave his position to become the head of ‘Big Tobacco’ company Imperial Brands. |
 | Kenmare Resources (KMR) is just finishing a major investment programme at its Moma mineral sands project in Mozambique. When it completes it later this year production will have been boosted by 35%. |
| Tesco boss Dave Lewis to stay in charge at supermarket until October due to replacement Ken Murphy’s non-compete clause. | |
| China’s stock market has plunged 8 per cent as investors around the world dumped shares after it reopened following the Chinese new year holidays. | |
 | Budget airline Ryanair Holdings (RYA) recorded a £74million profit in the third quarter of the financial year. It warned though that it will miss its target to carry 200 million passengers by 2024 due to the late delivery of the controversial Boeing Max airplanes. |
| Energy regulator Ofgem has released a nine-point plan setting out how it will meet the government’s climate targets. They include putting 10 million electric vehicles on the road within a decade and taking out gas central heating from every home. | |
| The former CEO of tech firm WorldCom, which perpetrated one of the largest accounting frauds in U.S. corporate history, has died aged 78. | |
| The Financial Conduct Authority has today warned banks against cancelling indebted customers’ credit cards without good reason, amid concerns they could prepare to do so from the end of this month. |
 | Shares in NMC Health (NMC) fall 16% in day of heavy selling. Speculation major shareholder is liquidating holdings in FTSE 100 group. |
| Mike Ashley snaps up stake in Mulberry. Group owned by retail tycoon takes holding in upmarket handbag maker that is big supplier to House of Fraser. | |
 | Drax Group (DRX) weighs ‘options’ for final coal units at the North Yorkshire plant. Selby power station was once western Europe’s biggest polluter. |
 | Litigation funder Burford Capital (BUR) warns of hit to profit in a ‘quiet’ 2019. The group that was attacked over accounting practices projects up to $100m less in net gains. |
| Ryanair Holdings (RYA) pushes Boeing Max delivery date to autumn. The carrier faces disruption to passenger targets as receipt of aircraft delayed again. |
| names new chief executive. Stefan Bomhard joins tobacco group from car dealer Inchcape | |
| Tesla shorts take further hit in battle with Musk. Bears’ losses balloon to $8.3bn this year after carmaker’s shares surge again on Monday |
| Chinese investors rushed to sell shares overnight when they got their first chance to react to the spread of the coronavirus following the extended lunar new year holiday. Stock markets in mainland China fell sharply as trading resumed even though Beijing had injected more than £130 billion of liquidity. | |
| The chief executive of Ryanair Holdings (RYA) admitted this morning that his target of flying 200 million passengers a year could be pushed back by up to two years as a result of delays in the delivery of the Boeing 737 Max. |
| Netflix faces growing scrutiny of its tax affairs in Britain amid claims it generated more than £1 billion in revenues from its UK subscribers last year. | |
| South Western Railway will be formally asked this week to explain to Grant Shapps, the transport secretary, why he should not sack it from the commuter network based at London Waterloo. | |
| Britain’s manufacturing sector has emerged from its longest decline since the financial crisis. The purchasing managers’ index (PMI) rose to the 50 mark — denoting no change — last month from 47.5 in December and a “flash” reading for January of 49.8. | |
 | Imperial Brands (IMB) has announced this morning that the boss of Inchcape will become its new chief executive but it has yet to agree on an appointment date. |
| Amazon has launched a search for new office space in London in a show of confidence in the city’s ability to retain creative talent after Brexit. |
| Britain’s manufacturing sector showed signs of stabilising last month to emerge from the longest downturn since the financial crisis, according to the latest PMI. | |
| Opec is reportedly considering cutting oil output by around 500,000 barrels per day in order to boost the slump in crude prices, according to Reuters. Demand for oil has fallen amid the coronavirus outbreak, causing prices for benchmark Brent crude to fall by around $10 to $56.47. | |
| The EU has published its draft negotiating guidelines for the Brexit trade talks, setting out its stall ahead of discussions starting in earnest. | |
| Ryanair Holdings (RYA) reported profit after tax of €88m euros (£74m) for the three months to the end of December, the third quarter of its financial year. |
| Chinese stock markets plunged on Monday in a delayed investor reaction to the coronavirus outbreak that has seen increasing numbers of confirmed cases. | |
| Nissan has reportedly drawn up contingency plans to pull out of manufacturing in mainland Europe in the event of a hard Brexit in favour of ramping up its production in the UK. | |
| The FCA has warned credit card firms against the blanket suspension of cards of consumers who are stuck in a debt spiral, telling them to reduce or waive interest and other charges instead. | |
| Britain’s energy regulator, Ofgem, has said it will change how it governs the industry to help meet the government’s climate targets, after coming under fire for failing to prioritise the climate emergency. |
| Chinese shares suffered their biggest drop since 2015 as markets reopened following the extended Lunar New Year holiday, with traders launching a frenzied sell-off on fears over the impact of the coronavirus. | |
| Japanese car manufacturer Nissan could invest further into Britain in the event of a hard Brexit as part of a bold plan to win market share from its rivals. | |
| The UK’s struggling manufacturers pulled out of their longest slide since the financial crisis in January as the Conservatives’ election win helped the sector make a “muted” recovery. | |
| Imperial Brands (IMB) has found its new chief executive from the car industry as the tobacco producer looks to turn its attention to e-cigarettes to combat the decline of smoking across the West. |
| Demand for European air travel could be boosted if the coronavirus outbreak persists as holidaymakers may look to stay closer to home, according to Ryanair Holdings (RYA) |
 | Britain’s biggest financial adviser has unveiled an overhaul of pay and perks in the wake of a Sunday Times investigation. Bosses at FTSE 100 giant St James’s Place (STJ) told staff that new bonus structures and job titles will reward “the right behaviours” and go beyond recognising sales made in a single year. |
| Heathrow’s biggest shareholder has warned that it could sell its 25% stake if returns are squeezed by the aviation watchdog. The move by Ferrovial casts more doubt over the airport’s plans for a third runway. | |
| Creditors of Sir Terence Conran’s furniture wholesaler could get back just 18p in the pound after the company announced it would close. Content by Terence Conran, which counts billionaire Sir James Dyson among its shareholders, has appointed FRP Advisory to carry out a company voluntary arrangement. | |
| Private-sector activity in Britain continued to decline in the three months to January, although at a slower pace than in the previous three months, according to the CBI’s growth indicator. | |
| BP (BP.) faces calls to strengthen its link between bonuses and performance on tackling climate change as new boss Bernard Looney prepares to take the helm. |
| Pay-TV giant Sky has launched an attack on ITV and Channel 5, in an attempt to call into question their role as public service broadcasters. | |
| WeWork is close to naming a property veteran as its new chief executive, in an attempt to reboot the serviced offices group that almost collapsed under Adam Neumann. | |
| The Silicon Valley venture capital giant, Sequoia Capital, that made billions of dollars as an early investor in Google and WhatsApp is stalking British tech start-ups ahead of a post-Brexit buying spree. | |
| High street banks are still not offering online foreign exchange facilities a month after Travelex was laid low by a cyber-attack. |
| Luxury sports car maker Aston Martin Holdings (AML) has sold a £182million stake to a consortium led by Formula One’s Racing Point team owner Lance Stroll as part of a major fundraiser to protect the future of the British manufacturer. | |
 | Investment platform Hargreaves Lansdown (HL.), which heavily promoted funds run by Neil Woodford before they dramatically collapsed, has reported a slowdown in new business growth. |
| French Connection, in which Sports Direct’s Mike Ashley has a 26 per cent stake, saw its shares tumble as it shelved plans to find a buyer after over an year-long search. | |
 | The boss of Wetherspoon (J.D.) (JDW) cut 60p off ten drinks originating in European countries in 700 of his British pubs to celebrate Brexit Day. |
| Carmakers are bracing for a hybrid electric car price war this year as they try to avoid steep EU fines for carbon dioxide emissions. Some carmakers are struggling to hit tough new EU carbon emission rules introduced in January, which forces them to reduce the amount of carbon dioxide their vehicles emit. | |
| Vegan fashion to come under new ‘100% animal-free’ guidelines. British Retail Consortium’s move is a response to soaring demand for ethical products. | |
 | The financial watchdog has launched an investigation into M&C Saatchi (SAA) after the advertising agency revealed an accounting scandal last year. |
| China’s central bank has pledged to pump 1.2tn yuan (£130bn) into its financial system in an attempt to protect its economy from the coronavirus epidemic. | |
| John Lewis will turn over a new leaf this week when its new boss, Dame Sharon White, formally takes the throne at the troubled retail group. | |
| Hopes that British Steel will be saved by Chinese industrial firm Jingye have suffered a blow after the French government said it could intervene to stop the deal. | |
| Airbus, Europe’s largest aerospace multinational, is to pay a record £3bn in penalties after admitting it had paid huge bribes on an “endemic” basis to land contracts in 20 countries. | |
| Thousands of Thomas Cook customers are still waiting to be compensated for four months after the travel group collapsed, leaving 650,000 holidaymakers with worthless future bookings. | |
| A California judge has ordered Johnson & Johnson to pay nearly $344m in penalties for deceptive marketing pelvic mesh devices for women, as the state attorney general accused the company of putting “profits ahead of the health of millions of women”. |
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