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.
