Latest News
Hochschild Mining pauses Argentina ops as govt declares emergency
Hochschild Mining said it pausing operations at its San Jose mine in Argentina after the government imposed a nationwide mandatory quarantine to contain the advancement of COVID-19.
Bloomsbury upbeat on acquisition of Zed Books assets
Bloomsbury Publishing has acquired certain assets of Zed Books, the London-based academic and non-fiction publisher, it announced on Friday.
Gresham House GRID fund adds another energy storage project
Gresham House Energy Storage Fund (GRID) has conditionally agreed to acquire a 50MW battery project located near Thurcroft, to the east of Rotherham, it announced on Friday.
Drinks company C&C says Covid-19 will have 'material' impact
C&C said on Friday that the outbreak of the coronavirus will have a "material" impact on its performance in the current financial year.
London midday: Stocks maintain gains but FTSE underperforms Europe
London stocks were still in the green by midday on Friday as investors welcomed central bank intervention, but the Covid-19 profit warnings and dividend cancellations kept rolling in.
LXi talks up portfolio strength amid coronavirus turbulence
LXi REIT updated the market on its balance sheet and portfolio on Friday, saying that while it was “too early” to quantify the potential impacts of the Covid-19 coronavirus pandemic, it was “well-placed” to navigate a prolonged period of uncertainty, and to mitigate the associated risks.
Evraz signs $750m unsecured credit facility
Evraz has signed a $750m syndicated unsecured credit facility, it announced on Friday, maturing in 2025.
Just Eat offers £10m support package for restaurants
Online food delivery firm Just Eat said it was launching a £10m-plus emergency package of support for UK restaurants over the next 30 days to help soften the blow of the Covid-19 pandemic.
Asia report: Markets advance as investors digest week of stimulus
Markets in Asia finished in the green on Friday, as investors digested the ongoing stimulus coming out of central banks amid the Covid-19 coronavirus pandemic, and China kept its loan prime rates unchanged from February.
CMA launches Covid-19 taskforce to tackle overpricing
The Competition and Markets has launched a Covid-19 taskforce to keep an eye on retailers who are overcharging for in-demand products such as hand sanitiser and loo roll during the virus outbreak.
CMC Markets income to beat expectations amid increased trading activity
Online trading platform CMC Markets said on Friday that it expects to beat consensus expectations on full-year operating income as the heightened trading activity seen at the end of February carries on into March.
Foxtons expects 'material disruption' to trading from Covid-19
Foxtons said on Friday that the coronavirus outbreak will cause material disruption to trading.
3i Infrastructure confident as its portfolio faces coronavirus
Investment company 3i Infrastructure updated the market on its performance update for the period from 1 October to 18 March on Friday, reporting that it had total available liquidity of more than £720m.
Europe open: Stocks rise as ECB and German authorities open door to further stimulus
Stocks across the Continent were moderately higher at the end of the week as the head of the European Central Bank said policy-makers stood ready to ramp up asset purchases further and amid reports that Germany was preparing a large fund to help see firms through the crisis.
Future shares surge as it retains business strength
Specialist media and publishing company Future updated the market on its trading for the six months ended 31 March on Friday, reporting that it had started well, with “exceptionally strong” digital audience numbers and a subsequent beneficial flow through to e-commerce and digital advertising.
Carnival issues profits warning as Covid-19 hits cruises
Carnival Corporation issued a profits warning and scrapped guidance on Friday as the coronavirus pandemic pushed the world's biggest cruise operator to a heavy first quarter loss.
Rightmove revenues to be hit as it cuts agent charges
Rightmove said on Friday that full-year revenue will take a hit as it has decided to cut agent charges by 75% amid a slowdown in the UK housing market on the back of the coronavirus ourbreak.
Marks & Spencer scraps dividend, warns on profits amid Covid-19
Retailer Marks & Spencer scrapped its dividend on Friday as it warned on profits and said trading in its clothing, home and international businesses is likely to be "several impacted" by Covid-19 in the next nine to 12 months.
Marine support director at James Fisher steps down
Marine services provider James Fisher and Sons said on Friday that Fergus Graham has stepped down as director of the marine support division with immediate effect.
GCP Infrastructure 'well-placed' to weather Covid-19 storm
GCP Infrastructure Investments updated the market on Friday, saying both it and its investment advisor believed the kind of investments it made were “well-placed” to weather the uncertainty driven by the Covid-19 coronavirus pandemic over the long term.