Esvagt gives up on Brexit deal as it prepares for the worst

Danish offshore vessel owner Esvagt is preparing for a no-deal Brexit after giving up hope of the UK's talks with the European Union bearing fruit.

The UK's transition agreement is due to end on 1 January, but trade talks continue.

However, Esvagt chief executive Peter Lytzen no longer thinks a deal will be signed.

He told the Borsen newspaper: "I do not believe in it any more.