Full List Of Stories
Hiscox sees potential £175m in Covid payouts as legal threat looms
Hiscox said it could pay out $175m in coronavirus-related claims if lockdowns and travel bans were extended beyond six months as it faced a potential class action from angry business customers over rejected applications.
Shell cuts dividend for first time in 80 years as profit plunges
Royal Dutch Shell slashed its dividend for the first time since 1945, saying it was “imprudent” to maintain payouts as the coronavirus levels devastated oil demand and prices.
Lloyds profits nosedive on £1.4bn coronavirus provision
First quarter pre-tax profits at Lloyds Bank almost disappeared as the bank braced itself for the impact of the coronavirus pandemic with a massive provision against bad loans.
John Laing to pay dividend; New CEO appointed
Infrastructure investor John Laing said it would pay a dividend based on a strong balance sheet and liquidity position, despite the coronavirus lockdown.
Evraz Q1 crude steel output rises
First quarter consolidated crude steel output at Evraz rose by 3. 2% quarter on quarter, mainly due to completion of capital repairs at its NTMK plant, the company said on Thursday.
NMC Health founder says 'small group' committed fraud
Former and current executives at NMC Health and payments firm Finablr opened fraudulent bank accounts, issuing cheques and loans using forged signatures, the founder of both companies said on Wednesday.
Next sales plunge 41% as Covid-19 impact worse than feared
Fashion retailer Next pulled its dividend plan and share buybacks to save almost £500m as sales plunged faster than expected due to the coronavirus lockdown.
Trainline lenders agree waiver on RCF
Rail and coach ticketing website Trainline said lenders had waived covenants on the company's £350m revolving credit facility until August 2021 to help it through the Covid-19 pandemic.
Dixons scraps divi; Online sales offsetting store closure impact
Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.
BP profits slump 66% as Covid-19 'destroys' oil demand
First quarter profits at BP slumped by 66% on collapsing oil prices and “demand destruction” caused by the coronavirus pandemic although the company still decided to retain a dividend.
Diageo in $2.5bn bond offering
Beer and spirits maker Diageo on Tuesday said it was launching a $2. 5bn bond offering.
Senior wins 10 year contract extension with MTU Aero
Engineering group Senior said it had won a 10-year contract extension with MTU Aero Engines to supply Pratt & Whitney engine airfoils worth an extra $330m in sales revenue.
Forterra to fire up kiln this week as house builders resume work
Brick maker Forterra said it would fire up one of its kilns this week and restart production for the first time since the government lockdown imposed last month to battle the coronavirus pandemic.
InterContinental Hotels secures new funding as March revPAR slumps
InterContinental Hotels Group said it had secured new financing arrangements taking its total available liquidity to $2bn as it forecast a 55% fall in room revenues for March due to the Covid-19 pandemic.
Airbus warns of deep job cuts as Covid-19 hammers production
Airbus has warned its workers to prepare for massive job cuts as the company bled cash “at an unprecedented speed" due to the coronavirus pandemic.
Capita wins £60m UK govt contract extension
Capita said it had won a contract extension worth £60m to continue the administrating the Teachers’ Pension Scheme for the UK's Department for Education.
Admiral pulls special dividend; sticks with final payout
Insurance group Admiral said it would suspend a special dividend of 20. 7p a share but stick with its final 56. 3p payout, citing a strong solvency position.
Senior pulls planned sale of aerostructures unit
Aerospace engineering Senior pulled the planned sale of its Aerostructures business despite receiving “strong interest” from potential buyers.
Persimmon to start reopening sites from April 27
House builder Persimmon said it would start a phased re-opening of its construction sites from April 27 as the industry looked to emerge from the coronavirus pandemic lockdown.
Unilever holds dividend, pulls guidance as ice-cream sales melt
Consumer goods company Unilever maintained its quarterly dividend but pulled full year guidance on flat first quarter sales as the coronavirus pandemic hit its food service and ice-cream business.