five) British Metal bidder Jingye is set to axe 400 jobs at the embattled firm’s Scunthorpe plant as it closes in on a takeover. The Chinese small business, which is hoping to take on the metal factory and its related divisions within just months, has begun sending out new contracts to workers.
What occurred overnight
US futures fell with Asian stocks soon after Apple reported quarterly revenue would overlook forecasts, illustrating the blow to corporate earnings and financial expansion from the fatal coronavirus.
Equity benchmarks in Tokyo, Seoul and Hong Kong noticed declines of more than 1pc. Sydney and Shanghai