Domino's Pizza Group pulled its dividend and forward guidance in response to the coronavirus pandemic.
Stocks on the Continent finished sharply lower as a falling out between European Union leaders over whether to issue common debt in order to raise funds to see through the Covid-19 pandemic sapped dragged on investor confidence.
London stocks remained in the red by the close on Friday after three days of gains, with concerns about the impact of the coronavirus pandemic continuing to mount after the US overtook China for the most confirmed cases.
US stocks got off to a lower start on Friday amid reports that some lawmakers in the House of Representatives might try to stop the economic relief package approved by the Senate the day before.
The FTSE 100 ended the week 354 points higher at 5,510. 33.
Investment fund Infrastructure India updated the market further on the impact of the Covid-19 coronavirus on Friday, given the government of India had ordered a complete national lockdown of non-essential activity for a minimum of 21 days, in an effort to slow the spread of the virus.
European Metals Holdings has reached final agreement with central and eastern Europe-focussed power utility CEZ Group over a strategic partnership and significant investment into the Cinovec Project, it announced on Friday.
Legal services company DWF Group updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Friday, reporting that it had taken steps to enable all of our its 4,200 workers to be able to work “on an agile basis” in order to follow lockdown and self-isolation measures, and to mitigate the impact on client service.
Gatwick Airport said it would close one of its two terminals from April 1 and operate flights for eight hours daily as the Covid-19 impact hammered demand for air travel.
Young & Co’s Brewery said on Friday that it has scrapped its final dividend and furloughed most of its staff, having shut its pubs due to the coronavirus outbreak.
City Pub Group has successfully raised £15m in a share placing to help the company weather the impact of the coronavirus and the closure of its pubs.
Shipping services firm Clarkson pulled its dividend and said it expected first half profits to take a hit due to the coronavirus pandemic.
Officials in Westminster have put the brakes on the UK’s housing market, in a bid to slow the spread of Covid-19 coronavirus.
Finsbury Food scrapped its interim dividend on Friday as it said it was unable to give guidance on future earnings due to the coronavirus and that its UK food service business had seen a drop in demand.
British Prime Minister Boris Johnson and Health Secretary Matt Hancock have both tested positive for the coronavirus.
Markets in Asia finished mixed on Friday, with stocks in Australia plunging more than 5%, as investors digested some painful data on China’s industrial sector.
Industrial company profits in China plummeted at their quickest pace since 2010 as the coronavirus pandemic forced authorities into a country-wide lockdown at one point.
Stocks on the Continent are sharply lower following a falling out between European Union leaders over whether to issue common debt in order to raise funds to see through the Covid-19 pandemic.
Aviation services business John Menzies said on Friday that it has cut 17,500 jobs because of the coronavirus pandemic.
US equity futures are pointing to a slightly lower start to the trading on Friday, as investors monitor the headlines around Covid-19 and try to anticipate the next stage for both the pandemic and the global economy.