5) 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 company, which is hoping to take on the steel factory and its related divisions in just weeks, has begun sending out new contracts to personnel.
What occurred overnight
US futures fell with Asian shares just after Apple mentioned quarterly product sales would miss out on forecasts, illustrating the blow to corporate earnings and economic expansion from the lethal coronavirus.
Fairness benchmarks in Tokyo, Seoul and Hong Kong noticed declines of over 1pc. Sydney and