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As of 03:03 08 Jul 2020
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4,373.62 million
As of 03:03 08 Jul 2020

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Continued impacts of coronavirus outbreak

BBC Radio 5 Live

Canary Wharf skyline
Getty Images

Diageo, French food group Danone, German airline Lufthansa and tech giants Apple and Microsoft have become the latest firms to quantify the immediate impact of Coronavirus outbreak on their businesses.

On Wednesday, oil firm Chevron asked 300 staff based in London's Canary Wharf to work from home after an employee returned from a skiing trip to Italy and reported flu-like symptoms.

The knock-on effect of this was that catering outsourcing firm Compass saw its share price drop dramatically, as investors feared that staff canteens wouldn't be used as much.

"At the moment you've got three different types of [concerns] - you've got Diageo saying demand in China has been hit, you've got companies like Apple and Microsoft saying how supply chains are being affected, and then you've got the airlines and Compass, where investors are wondering what impact it will have on other markets around the world," Russ Mould, investment director at AJ Bell explained to BBC Radio 5 Live's Wake Up to Money programme.

Passenger flights to Munich start from Newcastle

Stephanie Finnon

BBC Newcastle

Flights from Newcastle International Airport to Munich in Germany have begun today.

Airport officials believe the new service to be the most significant since Emirates Airways began using it.

The new flights are being operated by German state airline Lufthansa, which is the second largest airline in Europe.

Lufthansa planes
Getty Images

Lufthansa latest airline to scrap China flights

Chinese people
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Lufthansa has become the latest airline to scrap flights to and from China over the novavirus outbreak.

The German carrier has cancelled all its flights to the region.

British Airways suspended all its direct flights earlier today while United Airlines has cancelled 24 US flights to Beijing, Hong Kong and Shanghai between 1 and 8 February because of a sharp drop in demand.

Cathay Pacific said it would halve its number of flights to China from 30 January to the end of March, while Air Canada has also reduced flights.

Indonesia's Lion Air said it would be temporarily suspending flights from Saturday, affecting dozens of flights on routes to 15 Chinese cities.

Russia's Ural Airlines said it had suspended some services to Europe popular with Chinese tourists, including Paris and Rome, because of the outbreak.

Lufthansa cancels flights

Cabin crew protest in bid for better pay and conditions

Germany's largest airline has cancelled hundreds of flights on the second day of a strike by German cabin crew.

Staff have held noisy protests calling for better pay and conditions.

Lufthansa initially said the stoppage would force it to scrap 1,300 flights over the two days. But on Friday afternoon it said the number of cancellations had climbed to 1,500 -- affecting 200,000 passengers.

There are meetings between management and unions set for the weekend.