Latest News
Bodycote cuts more than 700 jobs after revenue slumps
Bodycote is cutting more than 700 jobs and closing factories after underlying revenue fell by more than a third in April because of the Covid-19 shutdown.
FirstGroup generates more cash than expected at start of year
Public transport operator FirstGroup said it had generated more cash than expected in the first month of the new financial year as coronavirus lockdown measures started to ease.
PayPoint posts rise in FY profit, says current trading resilient
Payment services group PayPoint reported a rise in full-year profit and revenue on Thursday, with growth across most business areas.
Cineworld expands liquidity as it gears up for eventual reopening
Cineworld said on Thursday that its lenders have agreed to waive the leverage covenant on its credit facility for the June testing date, and increased its leverage covenant to 9. bx net-debt-to-EBITDA for the December testing date.
Stagecoach sees adjusted EPS of 12-14p; Liquidity up to £814m
Bus operator Stagecoach said it expected full year adjusted earnings per share of between 12. 5p - 14p as it reported an increase in available liquidity to deal with the coronavirus impact.
London pre-open: Stocks seen higher on EU recovery fund hopes
London stocks were set to rise at the open on Thursday as investors welcomed news of an EU virus recovery fund, although growing tensions between the US and China continued to weigh on investors’ minds.
EasyJet to cut 30pc of workforce, Stagecoach liquidity improves
London open The FTSE 100 is expected to open 70 points higher on Thursday, having closed up 1. 26% at 6,144. 25 on Wednesday.
Thursday newspaper round-up: Galliard Homes, 'lockdown generation', hospitality sector
A property development company behind some of London’s most prestigious developments has told staff they could be asked to return to the office, even if they can do their job from home. Galliard Homes, which describes itself as London’s leading property developer, sent a memo to staff outlining the conditions under which it intends to resume operations as lockdown restrictions begin to ease. – Guardian.
US close: Stocks finish higher as markets rally on economy reopening
US stocks finished in the green on Wednesday, as optimism regarding the reopening of the economy and a potential Covid-19 vaccine offset fears around a heightening of tensions between the world's two largest economies.