Full List Of Stories
Bookmaking company GVC's Ladbrokes and Coral UK operations are refusing to pay rent on more than 3,000 shops to save cash as the coronavirus pandemic hammered profits, Sky News reported on Friday.
Power controller maker XP Power pulled its final dividend and cautioned for the full year despite “exceptional” order strength in its healthcare unit due to the coronavirus.
Energean Oil & Gas said the $750m deal to buy Edison Exploration and Production had been revised to exclude Algerian assets at a cost of $150m.
Ascential said it was pulling its final 4p dividend and cancelling the Cannes Lions advertising conference in response to the coronavirus pandemic as it saw “significant disruption” across the marketing and communications industry.
Primark owner Associated British Foods said its chief executive and finance director had volunteered to take a 50% pay cut in response to the coronavirus pandemic.
British Airways said it had reached agreement with trade unions to suspend more than 30,000 staff until the end of May under the government's coronavirus furlough scheme.
Wood Group pulled its dividend, implemented a 10% pay cut for executive directors and admitted it would have to axe some staff as the impact of the coronavirus pandemic was felt through the business.
Recruitment firm Hays said it had raised £200m from an emergency cash call to combat an expected hit to fee income due to the coronavirus pandemic.
Losses for African and Middle East airlines due to the coronavirus had risen to $23bn and governments needed to intervene rapidly, latest analysis from the industry body showed on Thursday.
British Airways was preparing to place 36,000 staff on furlough in response to the coronavirus pandemic and was in talks with unions on a final deal, sources said.
British Gas owner Centrica cancelled its dividend, cut capex and paused the planned sale of its Spirit Energy business to mitigate the impact of the coronavirus pandemic.
British banks should use the £7. 5bn saved in scrapped dividends and bonuses to write off debt repayments for customers affected by the coronavirus, investment platform AJ Bell said on Wednesday.
Aerospace companies and the UK's biggest airport are reportedly lobbying the government to bail out struggling airline Virgin Atlantic.
Refractory products company RHI Magnesita pulled its dividend and said difficult market conditions in the second half of 2019 had continued in the first quarter of 2020.
Oil giant BP said it would write down around $1bn and cut capital expenditure in the first quarter as it warned of a profit hit from the slump in demand as countries implemented measures to address the Covid-19 pandemic.
Real estate agent Savills said it was pulling its final and supplemental interim dividends to save cash in response to the coronavirus pandemic.
Executives at house builder Taylor Wimpey agreed to cancel bonuses and take a 30% base salary cut for the duration of the coronavirus lockdown.
The airline industry faces a second quarter loss of $39bn if severe coronavirus travel restrictions last for three months, the industry body said on Tuesday.
The economic impact of the Covid-19 pandemic could leave 24 million people trapped in poverty in East Asia and the Pacific (EAP), the World Bank warned on Tuesday.
Royal Dutch Shell forecast first quarter writedowns of up to $800m as oil prices crashed in the face of a demand slump due to the coronavirus pandemic.