FTSE LIVE: Greggs staff to share £7m windfall; Possible Sirius Minerals takeover

FTSE CLOSE: Fugitive former Nissan boss Carlos Ghosn holds news conference in Lebanon; oil price slides; Greggs workers share £7m

Former Nissan chairman Carlos Ghosn answers questions during a news conference at the Lebanese Press Syndicate in Beirut

The FTSE 100 closed up 1.08 points at 7574.93 and the pound was at $1.31 against the dollar. 

Oil prices dropped as President Donald Trump made comments taken as an attempt at deescalating the US stand-off with Iran. 

Fugitive former Nissan boss Carlos Ghosn has held a news conference while on the run in Lebanon. 

In the extraordinary address he described the case against him in Japan as ‘baseless’ and complained of inhumane treatment by Japanese authorities. 

Popular bakery Greggs has announced that staff will share in a £7million windfall after it had an ‘exceptional year,’ according to its chief executive. 

Its sales in 2019 rose by 13.5 per cent in a year that included the launch of its vegan sausage roll.

The Yorkshire firm Sirius Minerals could be sold to mining giant Anglo American for £386million. 

The group is hoping to open a potash mine in 2021, but Sirius has struggled to raise the necessary funds to pay for the project. 

More employers have been underpaying their minimum-wage earning employees, according to new research from the Resolution Foundation. 

It found that the rate of underpayment for those who earn around the legal minimum had risen from a fifth in 2016 to a quarter last year. 

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