Valuations do not reflect the risks that still lie ahead from coronavirus

Small-cap stocks underperformed large-caps throughout the bear market and rally

Remdesivir news moves markets more than economic data or Fed action

Smaller companies in ‘epic rally’ on optimism over coronavirus and policy support

Bullish investors and gung-ho governors are setting themselves up for a big reality check

European equities slip after ECB launches fresh push to bolster region’s banking system

Central bank support and rising hopes for economic reopening spark April rally

Lockdowns have elevated the sector that some analysts thought would fall furthest in a recession

Sell-off dents investment holdings despite uptick in operating profit

Recently sanctioned London-listed company seeks to simplify ownership structure

Destocking is at an end and global consumption is expected to rise this year

ISAL facility remains unprofitable as aluminium producers face weaker demand and prices

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle

Liberty Steel to modernise European plants in effort to become carbon neutral

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved

Bids complicate Chinese investor’s efforts to buy out whole of troubled company

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs

Price of key steelmaking ingredient has held up, despite big drop in economic activity

Move illustrates how coronavirus impact is rippling through manufacturing supply chains

Group’s founder Anil Agarwal undeterred by price crash and debt levels

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand

Departure comes just weeks after Moody’s cut miner’s rating to junk

Radioactive material at risk of supply shocks given small number of dominant mines

Prices rebound from March lows after miner Kazatomprom slashes production

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak

Anglo-Australian mining group benefits from resilient iron ore price

Country’s production this year expected to top 2019 if coronavirus kept at bay

Steelmaker says more funding needed given scale and length of lockdown disruption

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels

One year saving for airline would be just 5 per cent of ex-fuel operating costs

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday

Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts

Post-Brexit Britain will need a viable industry to support global role

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed

The four years since his promotion to CEO have been beset by crises

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions

Lenders and lessors had little alternative but to accept the debt-for equity swap

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale

Grounded travellers are facing downgrades but some airlines are rewarding loyalty

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus

Producers’ realised prices are lower than they appear, while traders are braced for more turmoil