Chinese stock markets plunge on coronavirus fears – business live

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Central bank blames herd effect as investors count cost of outbreak

Ryanair reported profit after tax of €88m euros for the three months to the end of December, the third quarter of its financial year. The Irish airline upgraded its profit expectations last month in a trading update thanks to higher-than-expected bookings over the festive period. Average fares for the latest quarter rose by 9% and revenue for optional extras like pre-booked seating increased by 21%.

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