Worst UK new car sales for January in decades amid lockdown – business live

Rolling coverage of the latest economic and financial news

9.09am GMT

Royal Dutch Shell plunged to a loss of almost $20bn last year after the impact of the Covid-19 pandemic on the global oil market stripped around $22bn from the value of its oil and gas assets.

Related: Shell makes $20bn loss as Covid crisis downgrades assets

8.52am GMT

Shares in travel firms and hospitality companies are rallying this morning, lifting the FTSE 100 higher.

Hotel operators Whitbread (+4.8%) and InterContinental Hotels (+2.7%) are among the risers, along with jet engine maker Rolls-Royce (+1.8).

Related: UK passes 10m Covid vaccination milestone

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