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BUSINESS LIVE: Ryanair to exit London Stock Exchange

BUSINESS LIVE: Ryanair to exit London Stock Exchange; Chancellor dragged into LV battle; Nationwide profits more than double

Irish budget airline Ryanair has informed Britain’s financial watchdog of its intention to delist from the London Stock Exchange.

Having raised the possibility of such a move last month after a fall in trading volumes in London, Ryanair will continue to have a primary listing on the regulated market of Euronext Dublin.

Rishi Sunak has been dragged into the row over LV’s future as he was bombarded with questions about the mutual insurer’s controversial takeover.

The Chancellor was quizzed by MPs about the role of City regulators in the sale of LV to US private equity shark Bain Capital, and what he knew about the deal.

Nationwide Building Society half-year profits have more than doubled, as it cashed in on Britain’s economic rebound.

The customer-owned mortgage lender reported pre-tax profits of £853million for the six months to September, compared with £361million the previous year.

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Ryanair departs London after a decline in trading volumes but maintains its Dublin listing