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McCarthy & Stone halts building and cuts top pay
McCarthy & Stone has stopped building and cut its top people's pay by 20% to conserve more than £200m of cash and strengthen its finances against the impact of the Covid-19 crisis.
United Utilities to end year a 'high performing company'
United Utilities updated the market on its trading ahead of its full-year results on Wednesday, saying it was currently in line with its expectations for the year ending 31 March.
Biffa cancels dividend, expects 'significant' disruption from Covid-19
Waste management company Biffa cancelled its dividend on Wednesday and said it will not be providing any guidance for FY21 as it expects the Covid-19 outbreak to cause "significant" disruption to its operations.
Bellway warns of slowdown in demand, Rentokil cancels dividend
London open The FTSE 100 is expected to open 164 points higher on Wednesday, having closed up 9. 05% at 5,446. 01 on Tuesday.
Rentokil scraps dividend and cuts top people's pay
Rentokil International has cancelled its dividend and cut the pay of its top people in an effort to conserve more than £500m in cash after the Covid-19 crisis hit its business.
London pre-open: Stocks to rise on US stimulus news
London stocks were to rise at the open on Wednesday after White House and Senate leaders agreed a $2 trillion package to help prop up the US economy during the coronavirus pandemic.
Bellway suspends dividend; sees reservations falling
House builder Bellway postponed its interim dividend and warned of a slowdown in demand due to the coronavirus and subsequent government-ordered lockdown.
Wednesday newspaper round-up: Profiteering, carers, self-employed help
The online shopping platforms eBay and Amazon Marketplace are failing to crackdown on a surge in profiteering by sellers due to the coronavirus, a consumer group has warned, after its investigation uncovered a wide range of products on sale at “extortionate” prices. Which? found “consistent overpricing” of household items, including cleaning products, hand sanitiser, thermometers, baby formula and tampons, which have all been in high demand since the coronavirus outbreak but in short supply in supermarkets and pharmacies.