Flutter Entertainment, parent company of Paddy Power Betfair, says its online revenues are down around 32% compared to this time last year.

This is largely due to the restrictions placed on sporting events as a result of COVID-19.

Ian Guider, markets editor of the Business Post, joined us for our daily business update with this story and more, including:

• An Post made a profit of €66 million last year
• China's economy shrinks for the first time in decades because of impact of COVID-19
• Apple shares dip as Goldman Sachs predicts big drop in iPhone sales
• Finance Minister Paschal Donohoe calls for motor insurance refunds

Listen to the interview in full by pressing the play button on this page.