Company News
Costain board takes 30% pay cut as Covid-19 closes sites
Infrastructure specialist Costain has cut management salaries by a third in response to the coronavirus outbreak.
Hammerson pulls dividend as stores shutter, rents slump by two-thirds
Hammerson pulled its final dividend and guidance as government lockdowns forced many of its tenants to shutter their stores, leaving the company with a two-third decline in quarterly rents.
Director dealings: Aveva director snaps up shares
Aveva Group revealed on Monday that non-executive director Peter Herweck had acquired 2,500 ordinary shares in the FTSE 100-listed engineering and industrial software company.
Melrose warns on profits, pulls dividend
Manufacturing group Melrose issued a profits warning on Monday and pulled its final dividend as it reported a "significan deterioration" in end markets due to the coronavirus pandemic.
easyJet grounds fleet as Stelios threatens over Airbus order
Budget airline easyJet grounded its entire fleet in response to the coronavirus pandemic as founder and major shareholder Stelios Haji-Ioannou threatened to pick off board directors one by one unless the company cancelled a large aircraft order to save cash.
Pan African Resources goes into 'essential' operation amid lockdown
Pan African Resources said on Monday that it has implemented the necessary measures at all its operations to conduct essential services during the 21-day national lockdown period in South Africa, in place in response to the Covid-19 coronavirus pandemic.
ImmuPharma raises £1.5m to fund development programmes
Drug discovery and development company ImmuPharma announced subscriptions to raise £1. 5m through the issue of 15 million new ordinary shares at a price of 10p each on Monday.
Numis sees improved H2 revenues despite 'unprecedented times'
Investment banking group Numis Corporation expects to report a 10% jump in second-half revenues despite the period being marred with elevated political uncertainty and significant declines in global markets in reaction to the Covid-19 pandemic.
Thor continues talks over Spring Hill royalty sale
Thor Mining updated the market on the sale of the royalty it holds over the Spring Hill gold project on Monday.
Final Arricano shopping centre closed by Covid
Arricano Real Estate announced on Monday that its final shopping centre, South Gallery, has now been impacted by Ukraine local government restrictions as to customer access due to the Covid-19 coronavirus pandemic.
Hunters Property shares slide amid coronavirus slowdown
Franchised residential sales and lettings agency Hunters Property updated the market on the impact of the Covid-19 coronavirus pandemic on current trading on Monday, and on the publication of its results for the year ended 31 December.
Medica Group ropes in Richard Jones as its new CFO
Teleradiology service provider Medica Group announced on Monday that Richard Jones has been appointed as its chief financial officer, and an executive director on its board.
Amino Technolgies cancels divi as China production returns
Media and entertainment technology company Amino Technologies updated the market in light of the Covid-19 coronavirus pandemic on Monday, reporting that it had implemented parts of its business continuity plan to enable all its global staff to work remotely.
Union Jack Oil upbeat on latest data from Biscathorpe
UK-focussed onshore hydrocarbon company Union Jack Oil updated the market on the Biscathorpe project on Monday, located within Lincolnshire licence PEDL253.
i3 Energy enters deal to buy all of Toscana
UK-focussed oil and gas company i3 Energy has entered into an option agreement to acquire all issued and outstanding common shares of TSX-listed Toscana Energy Income Corporation (TEIC), it announced on Monday.
Slieve Divena II wind farm joins Greencoat portfolio
Greencoat UK Wind has completed the acquisition of the Slieve Divena II wind farm from SSE Renewables, it announced on Monday, for a consideration of £51m.
Carluccio's and BrightHouse collapse, putting 4,500 jobs at risk
Rent-to-own lender BrightHouse and restaurant chain Carluccio’s have collapsed, it was confirmed on Monday, putting nearly 4,500 jobs at risk.
Ironveld enters strategic partnership with IIG
Ironveld announced a new strategic partnership with Inclusive Investment Group (IIG) on Monday, part of which involved it entering into arrangements to raise potential total gross proceeds of about £2. 7m.
Iconic Labs launches Covid fake news tool
New media and technology company Iconic Labs announced on Monday that, in partnership with Damian Collins MP - former chair of the Digital, Culture, Media and Sport select committee, who also led the inquiries on disinformation and fake news - has established 'Infotagion: Covid-19'.
Mothercare franchising deal with Boots delayed; employees furloughed
Mothercare said on Monday that its franchising deal with Boots has been delayed due to the coronavirus outbreak, as it announced that 430 employees have been furloughed.