Business

The FTSE 100 has suffered its biggest one day fall in four and a half years as the coronavirus sell-off on global stock markets gathered pace.

Heathrow Airport's plans to build a third runway have hit severe turbulence after the government confirmed it would not appeal a court decision to block the project on environmental grounds.

The British government has said it is prepared to walk away from EU trade talks in June if not enough progress has been made.

An online gambling company owned by William Hill has been fined £3m by regulators for failing to protect problem gamblers and guard against money laundering.

The big four accountancy firms have been told by watchdogs to accelerate the ring-fencing of their audit businesses by bolstering independent governance and improving financial transparency.

Downing Street is ordering a shake-up of the way ministerial aides are recruited in the latest shift for an increasingly centralised government operation orchestrated by Boris Johnson’s closest ally.

Shares in FTSE 100-listed NMC Health have been suspended, 24 hours after it fired its chief executive over a growing accounting scandal.

Virgin Money, Lloyds Banking Group and Direct Line have announced job cuts totalling more than 2,000 on a bleak day for financial services workers.

Oil giant BP is to quit three US-based energy lobby groups over differences on climate change policy.

A shortage of wedding dresses in the UK could be one of the effects of the coronavirus outbreak, MPs have heard.