Company News
Domino's Pizza Group suspends divi as delivery sales soar
Domino's Pizza Group pulled its dividend and forward guidance in response to the coronavirus pandemic.
Infrastructure India warns of 'significant consequences' from lockdown
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 reaches final deal with CEZ over Cinovec Project
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.
DWF Group lowers expectations amid pandemic
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 closes North terminal, reduces flight hours from April 1
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 scraps dividend, furloughs majority of employees
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 raises £15m in placing to help weather Covid-19
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.
Clarkson pulls dividend, warns on first-half profit
Shipping services firm Clarkson pulled its dividend and said it expected first half profits to take a hit due to the coronavirus pandemic.
Finsbury Food scraps dividend amid Covid-19
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.
John Menzies axes 17,500 jobs due to Covid-19
Aviation services business John Menzies said on Friday that it has cut 17,500 jobs because of the coronavirus pandemic.
Capita withdraws guidance; working with govt on Covid-19 response
Outsourcer Capita said on Friday that it is working with the government to supports its Covid-19 response but that the rest of the business is expected to take a hit from the pandemic, which it described as a "net negative" for the company.
C&C Group raises EUR 140m in US private placement
Alcohol and soft drinks company C&C Group announced the successful issue of the equivalent of approximately €140m (£125. 86m) in euro and sterling of new US private placement notes on Friday.
FDM Group reports resilience, cancels final dividend
FDM Group updated the market in light of the Covid-19 coronavirus pandemic on Friday, confirming that it would no longer be recommending a final dividend for the 2019 financial year.
Cairn Energy slashes costs amid pandemic, oil price collapse
Cairn Energy updated the market in light of the Covid-19 coronavirus pandemic on Friday, saying it was “proactively reviewing” each of its assets and related capital expenditure programmes.
Berkeley Group withdraws guidance amid Covid-19 outbreak
Berkeley Group said on Friday that it was temporarily suspending work on developments that have been hit by supply issues, as it confirmed the payment of its upcoming dividend but withdrew guidance due to the Covid-19 outbreak.
GCP Student keen to maintain dividend as some students go home
GCP Student Living updated the market in light of the Covid-19 coronavirus pandemic on Friday, saying it was monitoring the events as they related to student numbers.
Essentra cancels dividend as trading slows
Components provider Essentra updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Friday, reporting “some limited impact” on trading in the first two months of the year.
Royal Mail UKPIL will make loss due to Covid-19; divi suspended
Royal Mail warned on Friday that its parcels, international and letters business (UKPIL) was set to make a loss while profitability at its European business, GLS, will be "significantly reduced" due to the Covid-19 outbreak.
Mike Ashley 'deeply sorry' for poor calls on Covid-19 lockdown
Sports Direct owner Mike Ashley issued a grovelling apology for his behaviour during a spat with the government over his attempt to keep the chain open in defiance of the coronavirus lockdown.
Provident Financial pulls guidance, suspends dividend
Doorstep lender Provident Financial was under the cosh on Friday after it pulled its forward guidance and cancelled its dividend due to the Covid-19 pandemic.