Full List Of Stories
Lloyds debt provision up £2.4bn as profits plunge on grim outlook
Lloyds Bank set aside a further £2. 4bn for bad debts in the second quarter as it swung to a heavy first-half loss and braced for a “significant deterioration” in the economic outlook amid the coronavirus pandemic.
UK furloughed workers to get full redundancy pay under law change
Furloughed workers who lose their jobs during the coronavirus crisis will be eligible for redundancy pay based on their normal wages under new laws that will take effect on Friday.
Tui to shut 166 UK, Ireland stores as Covid-19 hits footfall
Tour operator Tui on Thursday said it was shutting 166 stores in the UK and the Republic of Ireland as it grappled with the collapse in travel caused by the coronavirus pandemic.
BAE Systems sees lower 2020 profits; Reinstates dividend
UK arms maker BAE Systems said full year profits would be slightly lower due to the coronavirus pandemic, but expected a good second half as it reinstated dividend payments.
Standard Chartered lifts bad debt provisions to $1.6bn as profits slump
Standard Chartered increased bad loans provision to almost $1. 6bn in the first half as it braced for the impact of the coronavirus pandemic across its economies.
GoCo profits fall on Covid hit, but upbeat on AutoSave prospects
Go-Compare owner GoCo reported lower interim profits due to the coronavirus pandemic and further investment in its “AutoSave” brands.
Meggitt wins $20m US fuel bladder supply contract
Defence supplier Meggitt said it signed a $20m three year continuation contract with Northrop Grumman for fuel bladders on the F/A-18 Super Hornet aircraft.
Inchcape to cut jobs as Covid shutdowns force first-half loss
Car dealer Inchcape said it would be cutting jobs globally as it swung to a first-half loss due to Covid-19 shutdowns.
Shell swings to loss on $16bn impairment charge but pays dividend
Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.