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London midday: Stocks extend losses but supermarkets rally
London stocks had fallen even further into the red by midday on Wednesday, with a string of dividend suspensions on the back of the coronavirus giving investors little to smile about.
Anpario 'well-positioned' for coronavirus after decent year
Animal feed additives company Anpario reported a 3% increase in revenue in its final results on Wednesday, to £29m.
MJ Hudson acquires North American firm Meyler
Financial services support company MJ Hudson Group announced the acquisition of New York and Vancouver-based marketing services and analytics business Meyler, which has a full and part time staff of eight, on Wednesday.
Asia report: Markets mixed as Australian stocks sink further
Markets in Asia finished mixed on Wednesday, with investors in Australia suffering another dire day, as sentiment continued to be crushed by the ongoing, and spreading, Covid-19 coronavirus pandemic.
Inditex postpones dividend as forced shop closures rock sales
Spanish retail giant Inditex has postponed its dividend after sales slumped in the wake of the coronavirus outbreak.
Petropavlovsk to sell IRC holding to Liechtenstein firm Stocken
Petropavlovsk has entered into a preliminary agreement with Stocken Board, a Liechtenstein-incorporated investment company, setting out non-binding terms on which it would sell a 29. 9% shareholding in IRC to Stocken, out of its 31. 1% shareholding.
Synairgen to begin trial of potential Covid-19 therapy
Respiratory drug discovery company Synairgen has received expedited approvals from the Medicines and Healthcare Products Regulatory Agency (MHRA) and Health Research Authority (HRA) to conduct a trial of ‘SNG001’, an inhaled formulation of interferon-beta-1a, in Covid-19 coronavirus patients, to potentially assist with the global virus pandemic.
Sainbury's to ration key items, close food counters as panic buying soars
Sainsbury’s has introduced a dedicated elderly-only shopping hour and limited the number of key products shoppers can buy, as it became the latest supermarket to stem panic buying.
Union Jack says Wressle project 'robust' in low oil price market
Union Jack Oil updated the market on the development plan for the Wressle oilfield within North Lincolnshire licences PEDL180 and PEDL182 on Wednesday.
Morrisons to expand online capacity, guarantee staff pay
Morrisons said on Wednesday that it was expanding its online delivery service and guaranteeing staff pay as it reported a rise in full-year pre-tax profit and a recent boost from coronavirus stockpiling.
Superdry to miss 2020 guidance due to Covid-19
Superdry warned on Wednesday that it will not meet is 2020 guidance due to the coronavirus outbreak, with store closures and a decline in footfall unlikely to be offset by online sales.
PZ Cussons to sell Nigerian dairy business
PZ Cussons announced the proposed sale of its Nigerian dairy business Nutricima on Wednesday, along with the completion of the previously-announced sale of its Polish personal care brand Luksja.
Oxford Instruments warns of ongoing 'severe disruption'
Industrial and scientific high-technology products supplier Oxford Instruments said on Wednesday that, given the current uncertainty from the Covid-19 coronavirus pandemic and the subsequent impact on trading, it was issuing its pre-close for the 2020 financial year earlier than usual.
Network Intl waiting to assess impact of Jordan Covid-19 measures
UAE-based payment solutions provider Network International said on Wednesday that it is not currently possible to assess the impact on the business of measures taken by Jordan - its second largest market - in response to the Covid-19 outbreak.
Hochschild shutters Peru mines as govt declares Covid-19 emergency
Hochschild Mining said it was temporarily shuttering two of its mines in Peru after the government declared a state of emergency to contain the spread of Covid-19.
London open: Stocks slump but supermarkets buck trend
London stocks slumped in early trade on Wednesday, with a string of coronavirus-fuelled dividend suspensions giving investors little to smile about.
Restaurant Group warns on profits as Covid-19 batters sales
Wagamama owner Restaurant Group warned on profits on Wednesday saying trading in its concessions business was getting worse “by the day” as the coronavirus hit sales.
Ferrexpo defers dividend due to Covid-19; FY profit rises
Ferrexpo posted a rise in full-year profit and revenue on Wednesday but said it was deferring its dividend in light of the coronavirus pandemic.
Greencore trading in line despite coronavirus
Irish convenience food group Greencore said on Wednesday that it was trading broadly in line with expectations despite the Covid-19 outbreak and that it was committed to "keeping the UK fed" during the crisis.
Mitchells & Butlers warns on profits after govt Covid-19 advice
Pub group Mitchells & Butlers warned on profits due to the government advice to avoid pubs and restaurants in an effort to combat the coronavirus.