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Capital & Regional expects ‘significant’ disruption from Covid-19
Capital & Regional expects to see a "significant" level of disruption from the coronavirus, the shopping centre owner said on Tuesday, adding that it had received about half of the second-quarter rent for the year that was due on 25 March.
Hikma wins US patent case
Generic drugmaker Hikma Pharmaceuticals said on Tuesday that the US District Court of Nevada had ruled that its version of Amarin Corporation's Vascepa did not infringe six patents.
Galliford Try suspends dividend due to outbreak
Construction group Galliford Try cancelled its dividend on Tuesday due to the coronavirus outbreak, as it said some of its sites remain open.
BA suspends all flights from Gatwick
British Airways said it was suspending all flights from Gatwick airport from Wednesday as air travel demand slumped due to the coronavirus.
Flutter's Stars deal gets UK competition nod
The UK competition regulator has approved Flutter Entertainment's acquisition of Canada's Stars Group after finding the combination will not lead to a worse deal for online gamblers.
Nostrum Oil announces significant downgrade in reserves
Pre-Caspian Basin-focussed exploration, development and production company Nostrum Oil & Gas updated the market on its operations on Tuesday, reporting that average daily production for the year as at 25 March was above 23,000 barrels of oil equivalent per day.
Domino's Pizza appoints Dominic Paul as CEO
Domino's Pizza has appointed Dominic Paul as its new chief executive officer with effect from 1 May, succeeding David Wild.
WPP cancels dividend and share buybacks amid Covid-19 pandemic
WPP updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday, reporting that for the first two months of 2020, excluding Greater China, group like-for-like revenue less pass-through costs was up 0. 4%.
London open: Stocks rise after better-than-expected Chinese data
London stocks rose in early trade on Tuesday as encouraging Chinese manufacturing figures helped to boost sentiment.
Chinese factory activity shows surprise growth
China's official measure of manufacturing activity rebounded to show surprise growth in March as the coronavirus crisis appeared to ebb in the country where it started.
Severn Trent sees no material change in performance
Water utility Severn Trent said there had been no material change to its current year performance since a trading update at the end of January and maintained guidance for the full year.
De La Rue maintains FY guidance, says too early to assess virus impact
Banknote printer De La Rue maintained its full-year guidance on Tuesday as it said it was too early to assess the impact of the coronavirus.
Nichols cancels dividend, expects 'significant' impact from Covid-19
Soft drinks maker Nichols cancelled its final dividend on Tuesday as it said the coronavirus is expected to have a "significant" impact on its 2020 performance.
Smiths Group delays medical split and scraps dividend
Smiths Group delayed the demerger of its medical business and scrapped its half-year dividend as the engineering group reported intensifying disruption from the coronavirus crisis.
St Modwen pulls divi; board takes 20% pay cut
House builder St Modwen Properties pulled its dividend, cut boardroom pay by 20% and said all furloughed employees would receive full salary due to the coronavirus pandemic.
Morgan Advanced Materials withdraws guidance, suspends dividend
Morgan Advanced Materials suspended its dividend and withdrew its 2020 guidance on Tuesday due to the coronavirus outbreak.
St. Modwen and WPP pull divi, Imperial Brands unveils new credit facility
London open The FTSE 100 is expected to open 37 points higher on Tuesday, having closed up 0. 97% at 5,563. 74 on Monday.
London pre-open: Stocks to edge lower; China manufacturing data encouraging
London stocks were set to edge lower at the open on Tuesday, with encouraging Chinese manufacturing data expected to keep losses to a minimum.
Tuesday newspaper round-up: Asos, Brexit, oil prices
Asos has been criticised by staff who say they are scared to come to work at its distribution centre because they are not being sufficiently protected during the coronavirus pandemic. More than 98% of more than 460 workers who took part in a survey carried out by the GMB union said they felt unsafe at the group’s warehouse in Grimethorpe, Barnsley, even after new safety measures were introduced last week. About 4,000 people are employed at the warehouse with an average 500 working each shift.
US close: Stocks close sharply higher as White House extends contain measures
Wall Street stocks turned in a solid performance on Monday after Johnson & Johnson identified a lead candidate for coronavirus treatment and the White House extended measures to contain the spread of the outbreak.