
Crude prices lifted this morning but the downtrend of recent weeks continues to depress the oil market. Existing fears of an global slowdown have been exacerbated by anxiety as to the possible economic impact of the coronavirus.

Issues and costs over the durability of its Trent 1000 engine has seen Rolls-Royce post an £852m operating loss.

BA owner IAG is the latest airline to warn travel restrictions resulting from the coronavirus will impact earnings.

Virgin Money is to cut 500 jobs as it continues to integrate with Clydesdale and Yorkshire Banking Group.

Confidence in the euro zone hit a nine-month high this month, but the European Commission’s survey does not include the most recent spread of the coronavirus that may hurt the services sector.