The competition watchdog kept the brakes on Takeaway.com's plan to buy Just Eat as it published its decision forcing the two companies to stay separate.

The Competition and Markets Authority took out an initial enforcement order against the businesses last week, buying it time to probe the £6 billion takeover.

The order sets out the conditions for the two firms, including to avoid any integration, transfer ownership, or otherwise impair their ability to compete individually.

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It ordered the businesses to ensure that Just Eat continues as usual and keeps a separate sales or brand identity.

Last month the CMA surprised shareholders by announcing a probe into the deal between the two companies.

Cat Rock Capital, the activist investor which holds a stake in Just Eat, called the intervention "shocking and clearly unwarranted".

"Takeaway.com has no UK operations, exited its minor business there over three years ago, and has stated that it had no intention to enter the UK market before the Just Eat merger," said the investor's founder, Alex Captain.

However, the CMA said new information "suggests that Takeaway.com could have been well-placed to enter the UK market if the merger hadn't happened and compete with Just Eat".

Carlsberg said it expects to hit full-year performance targets despite the impact of the coronavirus outbreak in China, one of the Danish firm's largest markets.

Cees't Hart, chief executive of the brewing giant, said there could be a short-term impact in China as a result of the virus, which has resulted in empty streets and bars in some major cities.

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However, the company reassured investors that it did not believe it would be hurt in the long term, as it reported strong growth in Asia.

The brewer said sales in China jumped 19% in 2019 as it reported a 3.2% increase in global sales to 65.9 billion Danish krona (£7.5 billion).

It said sales volumes of its key Carlsberg brand decreased by 3%, while fellow lager brand Tuborg saw sales increase by 2% for the year.

Ryanair has reported a 5% jump in passenger numbers for the past month.

The budget airline said traffic for January increased to 10.8 million passengers from 10.3 million in the same month last year, as it was boosted by growth in the Lauda business it acquired last year.

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Ryanair-branded flights saw passenger numbers grow by 3% to 10 million during month.

Meanwhile, Lauda saw passenger numbers increase by 67%, growing from a much smaller base to 500,000 passengers over the period.

The announcement, which showed Ryanair operated more than 62,000 scheduled flights in January, came the day after Ryanair said it would face more disruption as a result of delayed deliveries for Boeing 737 Max jets it had ordered.