Full List Of Stories
JPMorgan says 75% chance Rolls-Royce may need to issue equity
There’s a 75% chance that Rolls-Royce will need to issue equity, JPMorgan Cazenove said on Monday in a note on the European civil aerospace sector.
Mothercare franchising deal with Boots delayed; employees furloughed
Mothercare said on Monday that its franchising deal with Boots has been delayed due to the coronavirus outbreak, as it announced that 430 employees have been furloughed.
Sureserve will pay final dividend despite Covid-19 outbreak
Compliance and energy services group Sureserve bucked the trend on Monday as it confirmed it will pay a final dividend for the year despite the coronavirus outbreak.
British Airways extends US dollar revolving credit facility
British Airways has extended its US dollar secured revolving credit facility for a year to 23 June 2021.
JPMorgan downgrades Cineworld, slashes price target
JPMorgan Cazenove downgraded shares of Cineworld to ‘neutral’ from ‘overweight’ on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.
RBC Capital downgrades Dixons Carphone
RBC Capital Markets downgraded its stance on shares of Dixons Carphone to ‘underperform’ from ‘sector perform’ on Monday, cutting the price target to 75p from 90p.
London midday: Stocks maintain losses but BP, Shell buck trend
London stocks were down but off lows by midday on Monday as oil prices slid and as investors came to terms with the prospect of a prolonged lockdown.
Eurozone economic sentiment suffers worst monthly slump ever
Economic sentiment in the eurozone suffered its worst ever decline in March as worries about the coronavirus took their toll, according to a European Commission survey released on Monday.
Purplebricks revenues to miss expectations due to pandemic
Purplebricks said on Monday that full-year revenues will be below expectations due to the coronavirus outbreak, and that it will be furloughing its staff.
Building materials supplier SIG closes UK, Ireland trading sites
Building materials supplier SIG said on Monday that it has temporarily closed its UK and Ireland trading sites, as it announced further cost saving measures to help the company weather the coronavirus outbreak.
London open: Stocks in the red as oil prices slide
London stocks fell in early trade on Monday as oil prices slid and as the UK coronavirus death toll continued to rise.
Anglo American's De Beers cancels sales event due to Covid-19
Anglo American said on Monday that it will not be holding its third sales cycle event of 2020 amid public health restrictions on the movement of people and product in Botswana, South Africa and India due to the coronavirus outbreak.
Grafton closes Woodie's DIY due to Covid-19
Building materials distributor Grafton said on Monday that it has closed its Woodie's DIY, home and garden business and significantly scaled down the operations of the distribution business in Ireland following government restrictions to slow the spread of Covid-19.
Oxford Instruments suspends dividend due to coronavirus
Oxford Instruments said on Monday that it is suspending its interim dividend due to the coronavirus outbreak.
Greencore scraps dividend, withdraws guidance due to Covid-19
Convenience food group Greencore said on Monday that was withdrawing its full-year guidance and scrapping its interim dividend amid reduced demand for its food to go products due to the coronavirus outbreak.
London pre-open: Stocks seen muted despite downbeat Asian session
London stocks looked set for a muted open on Monday despite a downbeat session in Asia, as investors continued to mull the impact of the coronavirus outbreak.
Monday newspaper round-up: UK output, railway pensions, banks
The coronavirus pandemic could cause UK economic output to plunge by an unprecedented 15% in the second quarter of the year and unemployment to more than double, according to dire forecasts. The deepest recession since the financial crisis is now all but unavoidable, according to analysts at the Centre for Economics and Business Research (CEBR), after businesses shut up shop and consumer spending fell dramatically as a result of lockdown restrictions. – Guardian.