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Pendragon to close 15 stores, cut 1,800 jobs
Car dealership Pendragon has announced plans to cut around 1,800 jobs across the business as it closes stores due to the Covid-19 pandemic.
Anglo American interim earnings fall due to Covid-19
Anglo American cut its interim dividend on Thursday as it posted a drop in earnings due to the coronavirus pandemic.
3i grows quarterly net asset value despite Covid-19 pandemic
Private equity and venture capital firm 3i said on Thursday that net asset value grew in the quarter ended 30 June despite "significant economic and social disruption" caused by the Covid-19 pandemic.
Euro area unemployment edges past forecasts in June, drops in France and Ireland
Euro area unemployment edged past forecasts last month led by increases in several of its larger economies, although in France and Ireland it fell while in Germany it remained low.
Stobart focusing on recovery as it sells non-core assets
Stobart Group said on Thursday that it was trading in line with management expectations, as London Southend Airport reopened to passenger flying and Stobart Energy was benefitting from a restart in construction work across the country, leading to increased availability of waste wood.
Asia report: Markets mixed as investors digest Fed decision
Markets in Asia finished in a mixed state on Thursday, as investors digested the latest policy statement from the US Federal Reserve overnight, which saw the US central bank stand pat on interest rates.
German GDP suffers worst drop in Q2 since 1970
German GDP fell by a record 10. 1% quarter-on-quarter in the second quarter as the Covid-19 crisis took its toll, according to figures released by Destatis on Thursday.
Fuller's FY profit falls after coronavirus closures
Pub chain Fuller, Smith & Turner reported a drop in annual adjusted pre-tax profit on Thursday after its sites were forced to close due to the coronavirus lockdown.
UK car production tumbles in June, rounding out worst six months for sector since 1954
Car production tumbled across the UK in the first half of the year after the sector cut more than 11,000 jobs in the wake of the Covid-19 pandemic.
Minds and Machines delivers top-line growth in H1
Internet domain registrar Minds and Machines continued to deliver top-line billings growth in the six months ended 30 June while also achieving its long-term objective of removing the group's reliance on one-off brokered billings.
Smart Metering Systems H1 revenues bolstered by 'resilient' business model
Energy management devices group Smart Metering Systems said on Thursday that interim revenues and underlying earnings were in line with earlier expectations, reflecting the "resilient nature" of its business model.
Franchise Brands H1 revenue, earnings rise, pre-tax profit slumps
Multi-brand franchise business Franchise Brands said on Thursday that revenues and underlying earnings rose in the six months ended 30 June, while statutory pre-tax profits halved as a result of a Covid-19-related charge.
Huawei overtakes Samsung as top smartphone seller
Huawei overtook Samsung and Apple as the biggest smartphone seller in the world during the second quarter for the first time ever.
Europe open: Stocks off sharply as German GDP falls by most in half a century
Stocks on the Continent were falling sharply on Thursday after second quarter German gross domestic product data revealed the largest drop on record since 1970.
Solid underwriting performance underpins RSA interims
RSA Insurance posted a rise in interim underlying pre-tax profit on Thursday despite disruption from the Covid-19 pandemic, mainly on the back of a solid underwriting performance.
Equiniti first-half earnings dented by Covid
Technology-led services and payments specialist Equiniti posted a drop in first-half earnings and revenue on Thursday as its business took a hit from the Covid-19 crisis.
Restore starting to see recovery after tough first half
Restore reported a “resilient” financial performance in challenging conditions for its first half on Thursday, with “encouraging” increases in activity levels in May and June, although revenue fell 16% year-on-year to £89. 5m.
Robert Walters sees markets stabilising after first half slide
Recruitment firm Robert Walters reported a 21% fall in revenue at constant currency in its first half on Thursday, to £496. 4m, as it.
Vesuvius profits take a hit from lower steel production
First-half profit and revenue at molten metal flow engineering company Vesuvius fell, the company said on Thursday, amid lower global steel production.
Meggitt wins $20m US fuel bladder supply contract
Defence supplier Meggitt said it signed a $20m three year continuation contract with Northrop Grumman for fuel bladders on the F/A-18 Super Hornet aircraft.