BUSINESS LIVE: FTSE falls 2% when investors take another hit; Shaftesbury confirms merger talks; Right boss movement to get away

Investors are waiting for another day of testing as the stock market falls and the FTSE 100 is down 1.9 percent at 12.45. Among the companies reporting today are developer Shaftesbury, the Travelodge and Rightmove hotel chain, which has announced that its CEO is resigning. Read the Business Live blog on Monday, May 9th.

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