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19 May
Ovo Energy to axe 2600 staff as unions slam 'betrayal'

Energy supply Ovo said it was axing 2,600 staff only months after spending £500m on SSE's retail division as it claimed the coronavirus pandemic had forced it to speed up integration plans.

19 May
Avon Rubber, gas masks, protection
Avon ups dividend and reports positive outlook

Avon Rubber increased its interim dividend by 30% and said it was confident about its prospects for the year as the company reported a two-thirds increase in first-half profit.

19 May
londres-city-brexit-london 20200113130214
London open: Stocks edge up as travel sector rallies; unemployment claims surge

London stocks were a little firmer in early trade on Tuesday as investors weighed up a massive jump in UK unemployment claims against hopes of a coronavirus vaccine and optimism over lockdown easing, which continued to underpin the travel sector.

19 May
Energean ditches sale of Edison UK, Norway assets

Energean Oil & Gas said it had terminated a £225m deal to sell the UK and Norwegian assets it acquired from Italy's Edison last year.

19 May
greencore meals jobs employment
Greencore food-to-go category hit by Covid outbreak

Convenience food company Greencore said on Tuesday that demand for its food-to-go categories was beginning to stabilise after a sharp decline due to the coronavirus outbreak, as it announced it was cancelling its final dividend.

19 May
DCC raises dividend and reports 'robust' trading

DCC increased its final dividend as the marketing and support services company reported a rise in annual profit and "robust" trading in April and May.

19 May
Homeserve, emergencies, household, insurance
Homeserve FY revenue jumps, dividend hiked 10%

Homeserve posted a jump in full-year revenue on Tuesday and hiked its dividend but warned that Checkatrade breakeven will be delayed due to the coronavirus pandemic.

19 May
antofagasta mining miner
Antofagasta cuts final dividend due to Covid-19

Chilean copper miner Antofagasta said on Tuesday that it has cut its 2019 final dividend in light of the coronavirus pandemic and the measures taken to slow its spread.

19 May
Imperial Brands slashes dividend, Compass raising £2bn of equity

London open The FTSE 100 is expected to open 42 points higher on Tuesday, having closed up 4. 29% at 6,048. 59 on Monday.

19 May
londres-city-brexit-london 20200113130214
London pre-open: Stocks seen up again amid Covid vaccine hopes

London stocks were to rise again on Tuesday following sharp gains in the previous session, which was underpinned by hopes of a coronavirus vaccine.

19 May
Tuesday newspaper round-up: Wage subsidies, youth unemployment, OVO

Government wage subsidies for disabled and vulnerable workers could be drastically scaled back from August under Treasury plans to wind down its Covid-19 furlough scheme, employers’ groups have warned. Charities and social enterprise employers have been told by the government that its plan to bring the coronavirus job retention scheme to an eventual close this autumn does not currently include an exemption for vulnerable workers. – Guardian.

18 May
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US close: Markets finish higher on vaccine hopes

US stocks finished firmly higher on Monday, as Jerome Powell said he was optimistic of the US economy's ability to bounce back from the Covid-19 pandemic, and amid positive data from Moderna Therapeutics' second phase clinical trial on a vaccine candidate for the coronavirus.