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Full List Of Stories
30 Jun
Redrow warns of full year profits hit as it scales back London ops

Housebuilder Redrow said annual profits would be “substantially” lower after scaling back its London operations and factoring in the impact of Covid-19.

30 Jun
Shell to write down assets by up to $22bn after review

Shell said it planned to write down the value of its assets by up to $22bn after lowering its outlook for oil and gas prices amid the Covid-19 pandemic.

30 Jun
UK GDP suffers biggest fall in 40 years amid Covid-19 crisis

The UK economy recorded its largest contraction in more than four decades, official figures revealed on Tuesday, as consumers cut spending in the first few days of the coronavirus lockdown.

29 Jun
Two-thirds of small firms face late payments during Covid crisis - FSB

Nearly two-thirds of small businesses have been hit by late or frozen payments during the coronavirus pandemic, the Federation of Small Businesses (FSB) said on Monday.

29 Jun
Eurozone economic sentiment rebound strengthens in June

Economic sentiment in the euro zone continued to recover in June as momentum in May gained pace, according to data released by the European Commission on Monday.

29 Jun
UK govt in record bond sales to pay for coronavirus response

Britain on Monday said it would sell another £50bn in bonds, taking debt issuance to record levels as the government looked to pay for its coronavirus pandemic response.

29 Jun
Calisen to resume smart meter installations in July

Meter-reading services firm Calisen said its Lowri Beck subsidiary expected to resume meter reading, non-essential smart meter installations and field services in July as Covid-19 lockdown measures eased.

29 Jun
Energean excludes Norway unit from Edison deal

Energean said it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices amid the coronavirus crisis.

29 Jun
Avon Rubber secures $16.3m mask order from US military

Avon Rubber said it had received a $16. 3m mask order under its US Department of Defense M50 sustainment contract.

26 Jun
ep rishi sunak ministro de finanzas del reino unido
UK's Sunak warns of 'extraordinarily high bar' for bailouts

UK Finance Minister Rishi Sunak warned companies struggling from the impact of the coronavirus impact that any government-backed rescue would have to meet an "extraordinarily high" bar.

26 Jun
virgin australia
Virgin Australia bought by Bain Capital

Struggling airline Virgin Australia has been sold to US private equity group Bain Capital by administrators after the coronavirus pandemic and associated travel restrictions hammered revenues.

26 Jun
Online sales boost Tesco Q1 sales during Covid-19 lockdown

Supermarket giant Tesco reported a 9. 2% rise in UK and Ireland total first quarter sales, driven by a sharp increase in online shopping during the coronavirus lockdown.

26 Jun
EasyJet agrees £206m sale, leaseback deal on 6 A320 aircraft

Budget carrier easyJet said it had agreed a sale and leaseback deal for six Airbus A320neo aircraft for $255m (£206m) to Japan’s SMBC Aviation.

25 Jun
royal mail, post, delivery
Royal Mail to axe 2,000 managers in bid to cut costs

Royal Mail said it would cut 2,000 manager jobs in a bid to save £130m amid the coronavirus crisis as full year profits slumped by a quarter.

25 Jun
Auto Trader scraps dividend as platform visits rise after reopenings

Auto Trader scrapped its final dividend as it said cross platform visits had risen 28% year on year in the first three weeks of June as coronavirus lockdowns eased.

25 Jun
ep a380 de lufthansa
Lufthansa shares soar as major investor backs €9bn bailout

Shares in German flag carrier Lufthansa soared on Thursday after major shareholder Heinz Hermann Thiele said he would back a €9bn government bailout for the airline, which has been hammered by the coronavirus pandemic.

24 Jun
ep aeropuerto de heathrow
UK airports warn of 20,000 job losses, call for end to quarantine

UK airports face up to 20,000 job losses as the sector faced a significant decline in passenger numbers post-Covid 19, the industry body warned on Wednesday as it called for government help.

24 Jun
London Capital & Finance auditors face probe over 'mini bonds' scandal

Britain’s auditing watchdog has started inquiries into major accounting firms over their role in the London Capital & Finance "mini bonds" scandal that has cost investors more than £200m.

24 Jun
Petrofac reports $6.4bn order backlog; warns of engineering hit

Oilfield services firm Petrofac said its group order backlog fell 13% at the end of May as it warned of a significant impact on its engineering division from the coronavirus pandemic.

24 Jun
Wetherspoon confirms £48m Covid loan ahead of July 4 reopening

Pub group JD Wetherspoon confirmed it had secured a £48. 3m loan under the government’s coronavirus loan scheme as it prepared to open 750 pubs on July 4.