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Ryanair slams rivals’ ‘doping’ and sees passengers drop 99.5% in explosive update

Shares in budget airline Ryanair (RYA) fell 5.5% to €9.75 after it cut 3,000 jobs, warned of a 99.5% drop in passenger numbers and accused European rivals of ‘state aid doping’. Ryanair tends not to sugarcoat its updates to the market and today’s bombshell announcement was no different. It warned of a net loss of over €100m in the first quarter of its current financial year, with ...

FTSE plunges again as coronavirus continues to wreak havoc on business and markets

UK stocks opened on Monday to another massive sell-off, echoing the plunge in markets around the world, as investors grow increasing worried about the impact of coronavirus on the global population and economy. London’s benchmark FTSE 100 opened about 2% lower before sharply falling further by 8.30am, down more than 5.5% to 5,064.70, going close to beaching the 5,000 mark for the first time ...
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