 | Call for UK flood insurance scheme to be extended. Aviva (AV.) executive says Flood Re should also apply to homes built since 2009. |
| Paris casts doubt on sale of British Steel French plant. Block on sale of Hayange facility raises hurdle for rescue by Chinese. | |
| China steps in to support financial system as virus spreads | |
| Liquidity boost planned as trading set to resume on Monday after extended break | |
| Oyo cuts staff as it feels pressure from the US and UK expansion. SoftBank-backed Indian start-up pulls back as hotelier complaints continue. | |
| Johnson vows to ‘keep digging’ with HS2 green light. Prime minister lambasts ‘hopeless’ and ‘profligate’ management of rail project. | |
| Trump dents UK hopes for South Korea helicopter deal. Potential blow for Yeovil plant as US demands Seoul considers US weapons. | |
| Johnson to reject regulatory alignment in EU trade talks. UK prime minister to set out government’s policy in a speech on Monday. | |
| China stocks have worst opening since 2007 on coronavirus. Market down 7.7% after extended lunar new year break despite PBoC liquidity boost |
| In the coming weeks, the sale of British Steel to Jingye Group is due to be finalised amid uncertainty about the Chinese company’s plans and opposition from other EU countries, especially France. | |
| The Bank of England is planning to spend up to £700,000 on green taxis just weeks after embarrassing revelations about its travel expenses. | |
| Airbus will pay a series of record-breaking settlements including nearly €1bn to the UK’s fraud office after admitting to “endemic” levels of bribery across its international business. | |
| The £22bn Hinkley Point C nuclear development has banned its workers from flying to China over fears that its links to Beijing could make it particularly vulnerable to the recent outbreak of coronavirus. |
| The World Health Organisation has declared a global emergency over the “unprecedented outbreak” of the coronavirus that is still spreading from China. | |
 | Profits at Unilever (ULVR) have tumbled after the maker of Dove soap and Marmite suffered the slowest sales growth in a decade during the fourth quarter. |
 | Avast Software (AVST), a cybersecurity software developer, will close a data analytics business accused of selling sensitive information on 100 million users. |
 | BT Group (BT.A) has said that government plans to introduce a cap on Huawei in Britain will impact its operations and cost it about £500 million over the next five years. |
 | Royal Dutch Shell ‘A’ (RDSA) has slowed the pace of its share buyback after annual profits fell 36 per cent to $15.3 billion due to lower oil and gas prices and “challenging” macroeconomic conditions. |
 | Balfour Beatty (BBY) was lifted higher by investors this morning on reports that Boris Johnson will approve HS2, the high-speed rail project linking London to Birmingham, Manchester and Leeds. |
| The competition watchdog has told Stubhub, the ticketing resale website, that it could be taken to court if it does not stop misleading customers on its website. | |
 | Vodafone Group (VOD) has moved closer to selling its majority stake in its Egypt business to a Saudi Arabian rival for £1.85 billion as it seeks to cut its large debts. |
| Royal Dutch Shell ‘A’ (RDSA) profits halve in ‘challenging’ economic conditions. The energy major says it will slow the pace of its share buyback programme. |
| Deutsche’s investment bank shows signs of recovery. The German lender reported a sharp rise in revenue from bond trading and advising on debt sales. | |
| Facebook has slowest growth since IPO as privacy rules bite. Shares fell more than 7% after Wall Street close despite revenues beating expectations. | |
| Japan issues arrest warrants for Ghosn’s alleged US accomplices. Three men, including a former Green Beret and his son, accused of helping former Nissan boss flee. | |
| BT Group (BT.A) warns UK cap on Huawei will cost it £500m. Shares drop after first clear signal of impact on the telecoms sector. |
| DuPont’s 2020 forecast disappoints as nylon price pressure persists. The chemicals company has cut costs and reduced its asset footprint. | |
| Apollo and Blackstone build $250bn ‘permanent capital’ war chest. The new business model cements power of biggest US private equity firms. | |
| Altria writes down Juul investment by a further $4.1bn. The tobacco group cuts forecasts on rising e-cigarette litigation costs and political backlash. | |
| Virgin Money UK PLC (VMUK)’s chief financial officer to leave for Nordea. Ian Smith will join revamped top team at Helsinki-based lender later this year. | |
| Deloitte handed record insolvency fine over Comet failures. Collapse in 2012 of loss making electricals retailer left taxpayers with £44m bill. | |
 | Diageo (DGE) cuts sales outlook as trade uncertainty weighs. The world’s biggest spirits maker knocked by global volatility and India slowdown. |
| Unilever (ULVR) to review global tea business amid slow growth. The consumer goods group will review the future of brands including PG Tips and Lipton. |
| Belgian tax authority drops part of Frasers Group Plc (FRAS)’s tax probe. The cloud of uncertainty was removed from the retailer formerly known as Sports Direct. |
| Royal Dutch Shell ‘A’ (RDSA) blames falling energy prices for plunge in profits. Profits halve in final quarter as fears over global growth drag down oil and gas prices. |
| PG Tips and Lipton Tea poised for sale as young people switch to coffee. Unilever (ULVR) considers move after poor sales at brands including Lyon and Brooke Bond. |
| Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced. Chief executive to step down in September as company reveals 2.8% year-on-year revenue rise. | |
| British car manufacturing slumps to lowest level since 2010. Production declines more than 14% as carmakers face decline of exports and Brexit uncertainty. | |
| Huawei ruling will cost us £500m, says BT Group (BT.A). Telecoms group faces big bill for stripping out banned kit from 5G broadband network. |
| Netflix streaming wars fuel record UK film and TV production boom. Spending on high-end TV dramas by Netflix and Amazon eclipses BBC, Sky and ITV. |
| Interest rate kept on hold at 0.75% in Bank of England governor Mark Carney’s last meeting as economic uptick proves enough to stop a cut but growth forecasts are trimmed. | |
| BT Group (BT.A) profits plunge as chief executive welcomes government ‘clarity’ on Huawei 5G plans despite £500m hit. |
| Royal Dutch Shell ‘A’ (RDSA) profits slump as it’s stung by tumbling oil price and ‘challenging’ economic environment. |
| Shares in anti-virus software firm Avast Software (AVST) dive again amid claims it has been selling sensitive customer data to corporations. |
 | Profits plunge piles pressure on Banco Santander S.A. (BNC) chief: Bank sees 37% slide as it cuts savings rates and raises overdraft fees. |
| UK car production fell to its lowest level for almost a decade in 2019 – and vehicle factory outputs are expected to shrink further this year. |
| BT Group (BT.A) has warned that stripping out and replacing Huawei kit to comply with a proposed market share cap approved by the National Security Council will cost it £500m over the next five years. |
| Crisis-hit TSB drops bonus freeze as profits return. TSB is paying out bonuses for the first time since 2017 as the lender finally bounces back from its catastrophic IT meltdown. | |
| Royal Dutch Shell ‘A’ (RDSA) warned it would slow the pace of share buybacks as depressed oil prices hammered its profits last year. |
| Mike Ashley’s Sports Direct has resolved a €674m (£568m) tax row with the Belgian authorities that almost derailed its annual results last summer. | |
| St James’s Place boss rejects Helena Morrissey criticism of complex fees. Despite dismissing Dame Helena’s aspersions, Andrew Croft has acknowledged repeated criticism in the press has had a negative impact. | |
| Land Rover arm continues to prop up the company as the Jaguar marque struggles. Just four models in the Jaguar Land Rover stable increased their sales in the last quarter as the carmaker continued to buffeted by tough markets at home and abroad. |
 | Boeing Co (BOE) puts cost of 737 Max crashes at $19bn as it slumps to annual loss. Company lost $636m last year after two deadly crashes forced new airliner to be grounded. |
| Apple reports record profits amid concerns over economic impact of coronavirus. China, an important market for Apple products and critical part of its supply chain, has been rocked by the outbreak. | |
| BBC announces 450 jobs will go in newsroom shake-up. BBC news to cover fewer stories and centralise programme-making in bid to save £80m. | |
| Ovo Energy to pay £8.9m after sending inaccurate bills. Supplier criticised by Ofgem over problems that affected more than 500,000 customers | |
| Northern rail franchise to be renationalised. Decision by transport secretary, Grant Shapps, comes after years of cancellations and delays. |
| 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. |
| Stronger iPhone sales than Wall Street had expected helped Apple to a record quarterly profit last night that beat forecasts and extended a rally in its shares. The iPhone maker also cruised past revenue estimates, sending its stock up after hours to record highs. | |
| Ovo Energy has paid a penalty of £8.9 million for years of billing failures and “reckless” disregard for rules which resulted in many customers being overcharged. | |
 | The Scottish soft drinks group behind Irn-Bru said yesterday that it was on target to “reset” the business after last summer’s profit warning. Shares in Barr (A.G.) (BAG) leapt by more than 15 per cent after it said that it expected adjusted pre-tax profits “at the top end of current market expectations” at just over £37 million, albeit still below the £45.2 million reported in 2018. |
| Shares in Avast Software (AVST) fell again this morning amid reports that the cybersecurity group collected and sold users’ internet search histories. An investigation carried out by PCMag and Vice into the use of data by Jumpshot, Avast’s subsidiary, found that individuals could be identified by companies that had bought chunks of supposedly anonymised data. |
 | Saga (SAGA) has entered calmer waters after reporting progress on customer loyalty and confirming that it will meet its reduced profit guidance for the year to January 31. |
| Investors trapped in Neil Woodford’s main fund will this week receive just over 74 percent of what is left of their shrunken investments, the administrator of the winding-up said yesterday. An estimated half a million investors in the Equity Income Fund will receive between 46.41p and 58.99p per share in the first tranche of money being paid back, according to Link Fund Solutions, the authorised corporate director. | |
| Airbus is to pay €3.6 billion in fines and penalties to Britain, France and America after settling claims against it of bribery and corruption. |
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