FTSE LIVE: Sports Direct shares plummet after results bungle; Ryanair profits plunge; Just Eat to merge with Takeaway.com
At the open: The FTSE was in the green in early trading on Monday up 0.16 per cent at 7,518.07
Sports Direct shares have plummeted as the new trading week gets underway following Friday’s results bungle. After a full day of waiting, the retail group finally revealed it had been hit with a £605m fine by Belgian regulators after the stock market had closed.
Elsewhere, Ryanair has reported a plunge in profits as the budget airline struggles with higher fuel and staffing costs, while takeaway service Just Eat has confirmed plans to merge with Netherland-based rival Takeaway.com.