The Times 28/01/20 | Vox Markets

The Times 28/01/20

Global markets spooked by coronavirus fears. The FTSE 100 is on track for its worst day in nearly four months as concerns over the possible economic impact of the coronavirus in China hit stock markets around the world.

Flybe could struggle to secure a government loan on “commercial terms” because its billionaire investors already hold comprehensive security over many of its assets, it has emerged.

The former chairwoman of the healthcare technology company, founded by Lord Drayson was allegedly forced out over a disagreement regarding links to a Conservative party donor.

At least six Ernst & Young Global partners are expected to enter the race to be the next managing partner of the accountancy firm when it formally begins this week. The audit watchdog has criticised accountancy firms for the dominance of “white men” in senior roles.

Wall Street is braced for full-year results from this week that are expected to be an “absolute disaster” amid the aircraft manufacturer’s continuing travails with the grounded 737 Max.

Investors waiting to hear whether can afford to complete a promised share buyback are bracing for the company to report a sharp drop in profits.

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