BUSINESS LIVE: Shaftesbury confirms merger talks; Travelodge shows strong recovery

BUSINESS LIVE: FTSE drops 2% as investors take another hammering; Shaftesbury confirms merger talks; Rightmove boss to leave

Investors are facing another testing day, as the stock market takes a tumble, with the FTSE 100 trading down 1.9 per cent at 12.45pm. Among the companies reporting today are property developer Shaftesbury, hotel chain Travelodge, and Rightmove, which has announced that its chief executive is stepping down. Read the Monday 9 May Business Live blog below.

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