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Live Reporting

By Jill Treanor and Simon Read

All times stated are UK

  1. 'Good progress' in US-China trade talks

    U.S. Secretary of Commerce Wilbur Ross visits "WSJ at Large with Gerry Baker" at Fox Business Network Studios on September 26, 2019 in New York City.

    US Commerce Secretary Wilbur Ross said the US and China were making "good progress" in trade negotiations in an interview with Bloomberg.

    He said there was "no natural reason" why a deal could not be signed in November but "whether we will slip a little bit who knows, it’s always possible."

    Mr Ross was also asked about the US's move to add Chinese tech giant Huawei to its entity list, restricting the firm's ability to do business with American companies.

    He said the licenses for American companies to sell components to Huawei would be "forthcoming very shortly".

  2. Hummus recall extended


    Last week a salmonella scare sparked the recall of hummus stocked in a wide range of supermarkets.

    A spokesman for Zorba Delicacies - which made the dip - says the the recall has been extended.

    "Further extensive testing of batches of the suspected ingredient has resulted in a new presumptive indication of the presence of salmonella in a sample of the ingredient.

    "We immediately alerted the FSA [Food Standard Agency] and our customers of this finding.

    "While this will not be confirmed, for certain, until further testing has been completed, and despite all other samples being totally clear, we have taken the precautionary step of recalling additional hummus items based on this presumptive result."

  3. Ryanair narrows profits guidance


    More from Ryanair's outlook statement.

    The airline expects full year traffic to grow 8% to 153m but it expects a slightly better fare environment than last winter, although it says it as "limited" second half visibility.

    "This however remains sensitive to any market uncertainty such as a no deal Brexit. We expect ancillary revenues will grow ahead of traffic growth, supporting full-year revenue per guest growth of 2% to 3%. The full year fuel bill will rise by €450m and ex-fuel unit costs will increase by 2%."

    It expects its airline Lauda to report larger losses than originally expected, due to overcapacity in Austria and Germany.

    But it said it was narrowing its full year guidance to a new range of €800m to €900m profit after tax. Previously it was €750m to €950m.

    This guidance is "heavily dependent" on "fares, Brexit and the absence of any security events," it said.

  4. 'The only low carbon flight is no flight at all'

    BBC Radio 5 Live

    ryanair passengers

    Professor Chris Fogwill, director of Keele's Institute for Sustainable Futures, spoke to Radio 5 Live about the impact of air travel on the environment. He was speaking as Ryanair was due to publish its results.

    "The only low carbon flight is no flight at all. Carbon offsetting is really challenging. It's developing a whole industry around it. The production of CO2 is producing another industry. We have to look at this as part of a bigger picture. We produce a huge amount of CO2. We’ve got to reduce it".

    But offsetting carbon is not necessarily the way to do it, he said. Looking at the cost of carbon is important. And, he said, train travel is about the tenth of that air travel when it comes to the CO2 footprint.

  5. Ryanair 'cautious' outlook

    Ryanair has just published its half year results showing little change in its first half profits at €1.3bn.

    It has this to say about the orders for the Boeing 737 Max aircraft. "We now expect our first Max aircraft to deliver in March/April 2020 at the earliest (subject to [regulatory]EASA approval). The risk of further delay is rising. We expect to receive only 20 MAX-200s (previously 58)."

    "Our outlook for the remainder of the year remains cautious. We try to avoid the unreliable optimism of some competitors," it adds.

  6. Good Morning

    Welcome to Monday's Business Live.

    Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). We will be watching for any reaction to that news.

    And airline Ryanair is just publishing its results. We will bring you those and other company results coming later on Monday.

    Do get in touch: