Business headlines

YELLEN WARNS US ECONOMY HAS WORSENED
US Federal Reserve chair Janet Yellen pours cold water on the prospect of a second rise in interest rates any time soon.

WARNING OF 'INDEFINITE LOW RATES'
Former City regulator Adair Turner warns that without radical policies, the UK economy could be stuck with low interest rates "almost indefinitely".

INDUSTRIAL OUTPUT SEES SHARP FALL
Industrial output in the UK suffered its sharpest monthly drop in three years in December, official figures show.

ASAHI TO BUY PERONI AND GROLSCH
Japanese brewer Asahi says it has agreed to buy the Peroni and Grolsch beer brands, which are being sold to allow AB InBev to take over SABMiller.

DEUTSCHE BANK SHARES RECOVER LOSSES
Deutsche Bank's shares bounce back from a 30-year low on reports it will instigate an emergency bond buyback plan.

IKEA RECALLS LAMPS OVER SAFETY ISSUES
The Swedish retailer, Ikea, asks customers to return two popular glass ceiling lampshades because of concerns about their safety.

HORNBY'S SHARES TUMBLE AS SALES FALL
Shares in model rail company Hornby tumble by 51.85% as the firm warns of mounting losses following a "disappointing" start to the new year.

TWITTER PUTS VIDEO ADS AT TOP OF FEEDS
Twitter announces it is starting to place video ads at the top of its users' timeline feeds.

JAPAN STOCKS TUMBLE INTO BEAR MARKET
Japanese shares have continued to fall, hitting their lowest level since October 2014 and entering a bear market.

TULLOW OIL SLUMPS TO £1BN LOSS
Oil and gas exploration firm Tullow Oil reports a pre-tax loss of £1.3bn for the year to 31 December as low oil prices bit into revenues.