Company News
Shell sees Q1 writedown of up to $800m as oil prices slump
Royal Dutch Shell forecast first quarter writedowns of up to $800m as oil prices crashed in the face of a demand slump due to the coronavirus pandemic.
Imperial Brands trades in line and unveils £3.1bn credit facility
Imperial Brands said Covid-19 had no material effect on its trading so far as the cigarette and vaping company unveiled a new €3. 5bn (£3. 1bn) revolving credit facility with its lenders.
German unemployment rate steady in March
The number of people out of work in Germany rose a little in March, according to figures released by Destatis on Tuesday.
Falanx secures 'significant' new orders
Cybersecurity provider Falanx Group experienced strong trading with roughly £1m of "significant" new orders between December and mid-February in its cyber division.
AA puts brakes on dividend as it reports jump in full-year earnings
The AA is to pull its dividend, despite the coronavirus outbreak not yet having a material impact, the motoring group said on Tuesday.
Angle UK, US, Canada operations 'severely disrupted' by Covid-19
Liquid biopsy company Angle said on Tuesday that operations in the UK, US and Canada had all been "severely disrupted" by the Covid-19 pandemic.
Polymetal inks sales deal, alliance with Blackham Resources
Precious metals firm Polymetal said it had signed a gold concentrate sales deal and strategic alliance agreement with Australian miner Blackham Resources.
Catenae Innovation cuts costs further after 'disappointing' results
Digital media and technology company Catenae Innovation updated the market on its annual report, trading and the impact of the Covid-19 coronavirus pandemic on Tuesday, reporting that it would be unable to post its annual audited accounts for the year ended 30 September by the 31 March deadline under AIM rule 18.
Quixant reports weaker revenue, withdraws guidance
Gaming and broadcast technology company Quixant updated the market on its 2019 trading, as well as its current situation given the Covid-19 coronavirus pandemic on Tuesday, reporting a 20% fall in revenue for the year, to $92. 3m.
Hardide H1 revenues surge
Surface coating technology group Hardide saw revenues surge 25% year-on-year in the six months ended 31 March on the back of strong demand from customers in the oil and gas, flow control and precision engineering sectors.
Rotork joins growing list of firms to pull dividend
Rotork has pulled its dividend and suspended pay rises after the coronavirus outbreak forced the engineering firm to shut factories worldwide.
Capital & Regional expects ‘significant’ disruption from Covid-19
Capital & Regional expects to see a "significant" level of disruption from the coronavirus, the shopping centre owner said on Tuesday, adding that it had received about half of the second-quarter rent for the year that was due on 25 March.
Hikma wins US patent case
Generic drugmaker Hikma Pharmaceuticals said on Tuesday that the US District Court of Nevada had ruled that its version of Amarin Corporation's Vascepa did not infringe six patents.
Galliford Try suspends dividend due to outbreak
Construction group Galliford Try cancelled its dividend on Tuesday due to the coronavirus outbreak, as it said some of its sites remain open.
BA suspends all flights from Gatwick
British Airways said it was suspending all flights from Gatwick airport from Wednesday as air travel demand slumped due to the coronavirus.
Flutter's Stars deal gets UK competition nod
The UK competition regulator has approved Flutter Entertainment's acquisition of Canada's Stars Group after finding the combination will not lead to a worse deal for online gamblers.
Nostrum Oil announces significant downgrade in reserves
Pre-Caspian Basin-focussed exploration, development and production company Nostrum Oil & Gas updated the market on its operations on Tuesday, reporting that average daily production for the year as at 25 March was above 23,000 barrels of oil equivalent per day.
Domino's Pizza appoints Dominic Paul as CEO
Domino's Pizza has appointed Dominic Paul as its new chief executive officer with effect from 1 May, succeeding David Wild.
WPP cancels dividend and share buybacks amid Covid-19 pandemic
WPP updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday, reporting that for the first two months of 2020, excluding Greater China, group like-for-like revenue less pass-through costs was up 0. 4%.
Severn Trent sees no material change in performance
Water utility Severn Trent said there had been no material change to its current year performance since a trading update at the end of January and maintained guidance for the full year.