UK car sales slump as 2,000 workers lose their jobs in Covid-19 crisis – business live

Live coverage as Aston Martin and car dealer Lookers announce costs savings plans

8.28am BST

The FTSE 100 is on track for its first decline this week. It had been buoyed earlier in the week by optimism that the world economy will recover from the pandemic faster than previously thought.

However, the early selling pressure has eased somewhat, with stocks down by 0.2% on the blue-chip index.

8.06am BST

The FTSE 100 has lost 0.45% in early trade, mirroring downward moves on stock markets across Europe.

Germany’s Dax lost 0.7% at the open, France’s Cac 40 lost 0.6% and Spain’s Ibex lost 0.9%.

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Live coverage as Aston Martin and car dealer Lookers announce costs savings plansCoronavirus – latest updatesSee all our coronavirus coverage 8.28am BST The FTSE 100 is on track for its first decline this week. It had been buoyed earlier in the week by optimism that the world economy will recover from the pandemic faster than previously thought.However, the early selling pressure has eased somewhat, with stocks down by 0.2% on the blue-chip index. 8.06am BST The FTSE 100 has lost 0.45% in early trade, mirroring downward moves on stock markets across Europe.Germany’s Dax lost 0.7% at the open, France’s Cac 40 lost 0.6% and Spain’s Ibex lost 0.9%. Continue reading…

Business, Aston Martin, Automotive industry, European Central Bank, Stock markets, Economics, FTSE, Sterling, Currencies, European Union, Europe, Christine Lagarde, US economy, Dollar

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