Business

Time is up. Northern is expected to be stripped of its rail franchise today and for commuters it can't happen quickly enough - rail travel in the north of England should come with a health warning. 

Apple has reported a rise in iPhone sales for the first time in a year as it delivered better than expected results for the key Christmas quarter.

Starbucks has closed more than half of its stores in China as a result of the coronavirus and warned that the outbreak will "materially affect" its financial results for the year.

Britain has decided to allow Huawei to help build its high-speed 5G networks, defying security concerns from the US and others about the Chinese company.

The government had made a decision to allow Huawei equipment a restricted role within the UK's new 5G infrastructure.

Airbus has agreed to settle bribery and corruption allegations by UK, US and French authorities in a deal that will cost it €3.6bn (£3bn).

Ryanair has warned more pilot and cabin crew job losses "cannot be ruled out" after the latest delay in the return to service of Boeing's 737 MAX aircraft.

Investors in Neil Woodford's ill-fated fund are learning that their losses could be as much as 42%.

The Co-op Group is close to striking deals to offload about £2bn of its pension liabilities to insurance companies, underlining the strength of corporate interest in such arrangements.

The row about a government-backed rescue package for the regional airline Flybe intensified on Tuesday with a fresh attack by Ryanair's chief executive on Sajid Javid, the chancellor.