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Housebuilder Redrow said annual profits would be “substantially” lower after scaling back its London operations and factoring in the impact of Covid-19.
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.
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.
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.
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.
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.
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.
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.
Avon Rubber said it had received a $16. 3m mask order under its US Department of Defense M50 sustainment contract.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.