BUSINESS LIVE: Austrian lockdown hits airline and hospitality shares; Ryanair to exit London Stock Exchange; Nationwide profits more than double
A sharp rise in Covid cases across Europe and news that Austria will impose a full lockdown from next week is worrying stock markets, with European indexes and the FTSE 100 all on the slide.
In company news, Irish budget airline Ryanair has informed Britain’s financial watchdog of its intention to delist from the London Stock Exchange.
Having raised the possibility of such a move last month after a fall in trading volumes in London, Ryanair will continue to have a primary listing on the regulated market of Euronext Dublin.
Nationwide Building Society half-year profits have more than doubled, as it cashed in on Britain’s economic rebound.
The customer-owned mortgage lender reported pre-tax profits of £853million for the six months to September, compared with £361million the previous year.
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Ryanair departs London after a decline in trading volumes but maintains its Dublin listing
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