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UK private sector activity tumbled at a record pace in April, research published on Friday showed, as stringent measures introduced to tackle the Covid-19 pandemic took their toll.
China’s manufacturing sector eased in April, according to a widely-watched survey, as the Covid-19 pandemic caused global demand to slump.
The UK’s competition watchdog has launched an investigation into cancellation policies after a rash of complaints during the coronavirus outbreak.
Digital payments specialist Network International said first-quarter revenues were flat after the Covid-19 pandemic dented consumer spending patterns.
C&C Group has temporarily laid off most of its workforce, cut salaries and pulled its final dividend, as the drinks manufacturer and distributor looks to weather the Covid-19 pandemic.
Lloyd’s of London syndicate Lancashire Holdings reported a 12% jump in quarterly premiums on Thursday, and insisted its business model would help it navigate the global disruption caused by Covid-19.
Burford Capital, the litigation finance specialist, saw total income slide in 2019 but predicted a strong performance in the current year following the coronavirus outbreak.
UPS pulled its full-year guidance on Tuesday, after first-quarter income was dented by the Covid-19 pandemic and the introduction of lockdown measures.
Pfizer posted forecast-beating first-quarter results on Tuesday, as it reiterated its guidance for the full year.
UK retail sales collapsed in early April, a widely-watched survey reported on Tuesday, as the Covid-19 pandemic shut shops and kept people at home.
UBS reported a jump in quarterly profits on Tuesday but conceded that lower asset prices and reduced client activity during the Covid-19 pandemic was likely to dent income going forward.
Barclays has reinstated its coverage of IG Group with an ‘overweight’ recommendation, after the online trading platform reported bumper trading.
Lok’nStore Group said its “robust” capital structure would protect it from the current economic uncertainty, as it posted a jump in first-half revenues.
Shares in Costain jumped on Monday after the infrastructure specialist was named one of six core partners in the government’s £4. 5bn Smart Motorway Programme Alliance.
RPS Group, the professional services firm, announced improved credit facilities on Monday alongside a dip in first-quarter income.
Deutsche Bank is to review its 2020 capital targets following the coronavirus outbreak, the German lender confirmed on Sunday, as it announced first-quarter results would significantly beat expectations.
US retailer Target warned on Thursday that the Covid-19 outbreak had ramped up costs and would dent first-quarter profits, despite record growth in online sales.
Covid-19 helped bolster Eli Lilly’s first-quarter revenues by $250m, the US drugs giant said on Thursday.
Non-Standard Finance insisted on Thursday that collection levels remain "robust", despite the coronavirus outbreak, as it delayed publication of its full-year results.
The UK manufacturing sector saw production slump at the quickest rate for over a decade in April, a widely-watched survey reported on Thursday, while sentiment plunged to an all-time low.