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Marston's unlikely to pay dividend, Micro Focus scraps distribution
London open The FTSE 100 is expected to open 198 points lower on Wednesday, having closed up 2. 79% at 5,294. 90 on Tuesday.
Micro Focus scraps dividend to help deal with potential Covid-19 impact
Micro Focus said on Wednesday that it had not yet seen any material impact from the coronavirus outbreak but that it was scrapping its final dividend to prepare for any potential fallout.
London pre-open: Stocks to slump amid ongoing Covid-19 fears
London stocks were set to slump at the open on Wednesday, taking their cue from a weak session in Asia amid ongoing concerns about the coronavirus pandemic.
Marston's warns of sales hit from govt Covid-19 advice
Marston's said it expected lower sales and was unlikely to pay a dividend this year as it tried to save cash to protect its balance sheet from the impact of the coronavirus and government advice for people to avoid pubs and restaurants.
Wednesday newspaper round-up: Banks, ventilators, business groups
Britain’s banks have revealed how they are going to implement Rishi Sunak’s promise of “payment holidays” of up to three months. In guidance issued after the chancellor pledged mortgage support for households affected by the coronavirus, UK Finance, the trade body for the major banks, set out how households can apply. – Guardian.
Wednesday preview: Stock market volatility, Coronavirus in focus
The focus on Wednesday will continue to be on financial markets and whether they manage to stabilise, even as investors digest the latest stimulus packages unveiled on either side of the Atlantic.
Europe close: Stocks end modestly higher
Stocks across the Continent only managed a slight gain in a roller-coaster session that saw an initial sharp bounce give way to losses in the middle of the session.