Full List Of Stories
GVC's Coral, Ladbrokes refuse rent payments - report
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.
XP Power pulls divi, sees strong healthcare orders
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.
Edison Algerian assets excluded from Energean deal
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 pulls dividend, cans Cannes Lions
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.
AB Foods CEO, FD take voluntary 50% pay cut
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 to suspend 30,000 staff after deal with unions
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 pulls dividend, cuts executive pay, axing some staff
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.
Hays raises £200m from cash call; Warns on profit, pulls dividend
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.
IATA calls for rapid help to help Africa, Middle East airlines
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 'preparing to suspend 36,000 staff'
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.
Centrica pulls dividend, pauses Spirit sale
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.
UK banks should use divi cash to write off customer debt - AJ Bell
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 firms lobby govt for Virgin Atlantic bailout
Aerospace companies and the UK's biggest airport are reportedly lobbying the government to bail out struggling airline Virgin Atlantic.
RHI Magnesita pulls dividend as tough conditions persist
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.
BP warns on profits; Writes down $1bn, cuts capex, shale output
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.
Savills pulls dividend payouts
Real estate agent Savills said it was pulling its final and supplemental interim dividends to save cash in response to the coronavirus pandemic.
Taylor Wimpey executives cancel bonuses, take pay cut
Executives at house builder Taylor Wimpey agreed to cancel bonuses and take a 30% base salary cut for the duration of the coronavirus lockdown.
Airlines could burn through $61bn in Q2 - IATA
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.
Covid-19 could leave 24m in poverty, warns World Bank
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.
Shell sees Q1 writedown of up to $800m as oil prices slump
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.