 | Annual profits at Lloyds Banking Group (LLOY) fell by a quarter after taking a £2.45bn charge for payment protection insurance compensation as its boss took a big pay cut. |
 | BAE Systems (BA.)‘ sales and profits rose last year as the defence giant announced a deal to pump an extra £1bn into its pensions schemes to cut their funding deficit. |
  | Crispin Odey’s hedge fund has attacked Anglo American (AAL)’s “unjust” takeover bid for Sirius Minerals (SXX), saying the £405m offer does not represent a fair price for shareholders in the troubled fertiliser miner. |
 | Moneysupermarket.com Group (MONY) boss is heading for the exit. The chief executive of Britain’s biggest price comparison website is stepping down after three years in the role. |
 | Metro Bank (MTRO) on restructuring expert for turnaround. A little-known executive who previously spent eight years at a lender in Bermuda has been handed the task of turning around Metro Bank. |
| The hedge fund run by Crispin Odey is pushing Anglo American (AAL) to increase its £404 million, 5.5p a share offer for Sirius Minerals (SXX). |
| The boss of Moneysupermarket.com Group (MONY) said he would step down in pursuit of a career change. Mark Lewis, who has run the business for three years, will continue to hold the top job until a successor can be found, so no departure date has been set. |
| High street lender Metro Bank (MTRO) has appointed interim boss Dan Frumkin as its permanent chief executive as the group looks to recover after a tough year. |
 | Qatar Airways Group has upped its stake in British Airways owner International Consolidated Airlines Group SA (CDI) (IAG) to 25.1 per cent from 21.4 per cent. |
 | Shares in Ashley (Laura) Holding (ALY) rebounded slightly after the troubled retailer said it gained permission to use a loan to fund its daily operations. |
| Crispin Odey’s hedge fund to turn down Anglo American (AAL)‘s £405m bid for Scarborough firm Sirius Minerals (SXX). |
| Qatar has tightened its grip on the owner of British Airways International Consolidated Airlines Group SA (CDI) (IAG), spending more than £450m on new shares. |
 | The Barclays (BARC) chairman has been urged by shareholders to back under-fire chief executive Jes Staley while regulators investigate his relationship with sex offender Jeffrey Epstein. |
| Shares in struggling clothing and home retailer Ashley (Laura) Holding (ALY) soared after it secured a vital financial lifeline in the face of a crisis on the high street. |
| Hedge fund tycoon Crispin Odey has warned that he will oppose a rescue of failing fertiliser miner Sirius Minerals (SXX) by Anglo American (AAL) in a major blow to the company’s takeover bid. |
| Odey hits at Anglo American (AAL)’s rescue bid for Sirius Minerals (SXX). Hedge fund says £524m offer undervalues North Yorkshire fertiliser mine developer. |
| Ashley (Laura) Holding (ALY) grabs funding lifeline in survival battle. Shares in struggling retailer rebound after main shareholder agrees deal. |
| Metro Bank (MTRO)’s interim boss Dan Frumkin to take top job permanently. Turnround specialist faces challenge of winning back investor confidence. |
| Qatar Airways increases stake in BA owner International Consolidated Airlines Group SA (CDI) (IAG). Gulf carrier boosts holding as it ramps up strategy of investing in profitable airlines. |
 | Diageo (DGE) agrees $5m SEC fine over hidden sales. Regulator says world’s largest spirits maker used overshipments to mislead investors |
 | HSBC Holdings (HSBA) has reported a 33 per cent fall in pre-tax profit for 2019 to £10.2billion, below analysts’ expectations and those of its own chief executive. The bank said the drop was due to a ‘ goodwill impairment’ of £5.6billion. |
| The price of Brent Crude fell by 60 cents a barrel today as concerns over the coronavirus continued. The International Energy Agency said last week they expect the virus to cut oil demand by 435,000 barrels a day. | |
 | Mining company Glencore (GLEN) recorded its first annual loss in five years in 2019. The London-listed firm said low commodity prices, trade uncertainty, and a £2.15billion tax impairment caused it to fall to a £311million loss last year. |
 | InterContinental Hotels Group (IHG) has reported a 12 per cent rise in pre-tax profits to $542million (£417million) for 2019, but revealed a raft of writedowns, including for its UK business. |
| Asda’s boss: Shoppers were ‘more mindful’ in their spending over Christmas. Asda’s like-for-like sales declined by 1.3% in the three months to December. | |
| US investment firm Franklin Templeton to buy rival Legg Mason in $4.5bn deal that will create a trillion pound fund house. | |
 | BT Group (BT.A) to chase the Netflix generation by offering flexible TV packages that can give you dramas one month and football the next. |
| Asda hoping for a lift from Greggs tie-up after lagging behind arch rivals Tesco and Sainsbury’s over key Christmas period. |
| HSBC Holdings (HSBA) has unveiled one of the deepest restructuring plans in its history as its interim chief Noel Quinn set out drastic plans to slash 35,000 jobs. |
| Furious shareholders have rounded on Nissan’s new chief executive over plunging profits and a share price collapse at the scandal-racked company. | |
| Jaguar Land Rover has unveiled its latest vision of the future of driving – a boxy, bus-like electric concept car. | |
| Asda reported a fall in sales during the final three months of 2019 as customers tightened their belts over Christmas. | |
| Amazon chief Jeff Bezos has pledged $10bn (£7.7bn) to a new fund to tackle climate change, but activists have urged the world’s richest man to first clean up the e-commerce giant’s own lacklustre environmental record. |
| HSBC Holdings (HSBA) to shed 35,000 jobs in radical downsizing. Asia-focused lender to shrink investment bank with reductions in Europe and US. |
| Coronavirus forces Apple to warn over iPhone sales. Disruption in China will cause worldwide fallout as supply chain stutters. | |
| Glencore (GLEN) to shake up its top tier with younger leaders. ‘Senior changes coming’ at commodities trader, says chief Glasenberg. |
| InterContinental Hotels Group (IHG) Hong Kong sales tumble after unrest in territory. Crowne Plaza owner reports hit from protests but is upbeat about the impact of coronavirus. |
| Franklin Templeton agrees to buy Legg Mason for $6.5bn. Tie-up is the latest defensive deal between mid sized asset managers. | |
| Intesa Sanpaolo in €4.9bn bid for rival UBI Banca. Big-name hedge funds take a hit as shares surge in target bank |
| Bombardier jobs at risk after £6bn train deal. The owner of Britain’s largest and oldest train factory is to be sold off to the French company Alstom in a deal worth £6.25 billion. | |
| The chief executive of Sirius Minerals (SXX) has broken his silence over its recommended £405 million takeover by Anglo American, telling shareholders that he shares their disappointment over the price. |
| Glencore (GLEN) has that said that it expects the carbon footprint of the commodities it mines to fall over the next 15 years, dismissing 2050 net zero targets — such as that set by BP last week — as “wishy washy”. |
| The Bank of England has been warned of a potential conflict of interest over the appointment of its chief operating officer to the board of one of Britain’s biggest housebuilders. | |
| Tesla’s plans to build a “gigafactory” in the forests east of Berlin are in jeopardy after a German court ordered the electric car manufacturer to stop cutting down trees without planning permission. | |
| Heightened economic fears surrounding coronavirus knocked global markets today after Apple sounded the alarm over the widespread industrial paralysis triggered by the health crisis. | |
| A technology-focused venture capital company created by the co-founder of Skype has raised $820 million to invest in European start-ups that can deliver “transformational change” across society. |
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