Company News
Cenkos operating 'as normal' amid Covid-19 pandemic
British securities business Cenkos said on Friday that it was still "operating as normal" as staff continued working from home amid the Covid-19 pandemic.
Tyman pulls guidance, dividend as lockdowns affect trading
Engineered components supplier Tyman pulled its guidance and final dividend on Friday as trading was progressively impacted by the Covid-19 pandemic and increasingly stringent lockdowns in its markets.
China's services sector sees only marginal recovery
China’s crucial services sector recovered only marginally in March after tumbling to record lows in February, data published on Friday showed.
FirstGroup and Go-Ahead shares rise on DfT support for bus services
Both FirstGroup and Go-Ahead Group released statements on Friday in favour of a newly-announced financial support for crucial regional bus services in England, from the Department for Transport.
Edison Algerian assets excluded from Energean deal
Energean Oil & Gas said the $750m deal to buy Edison Exploration and Production had been revised to exclude Algerian assets at a cost of $150m.
Mediazest results impacted by Covid-19 outbreak
Audio visual solutions provider Mediazest "performed well" prior to the Covid-19 pandemic but said its results for February and March had been "materially adversely impacted" as a result of the outbreak.
ITV execs to forgo bonus, take 20% pay cut during lockdown
ITV's executive directors and management board will forgo their annual bonus, the broadcaster said on Friday, as it looks to weather the coronavirus outbreak.
Ryanair sees traffic collapse as airspace closes
Ryanair saw air traffic plunge in March, and warned it expected to carry minimal "if any" traffic in the coming months.
CMC Markets upbeat after Covid-19 boosts trading
CMC Markets said it was confident about its outlook after increased trading caused by the Covid-19 crisis helped push up annual income.
Joules raises £15m to get through crisis
Joules has raised £15m from investors to shore up its balance sheet during the coronavirus crisis.
Fuller, Smith & Turner not proposing final dividend as 95% of staff furloughed
Pub and hotels group Fuller, Smith & Turner said on Friday that it will not be proposing a final dividend as it furloughs the majority of its staff due to the coronavirus, with the company’s chief executive agreeing to take a 25% pay cut.
OneSavings Bank pulls final dividend due to Covid-19
OneSavings Bank said on Friday that it was pulling its final dividend as it looks to weather the coronavirus pandemic.
Stagecoach to furlough workers after bus sales plunge
Stagecoach said it would furlough more than half of its regional bus employees after sales plunged to 15% of normal levels in the coronavirus crisis.
Great Portland decision on final dividend to be made in May
Great Portland Estates said on Friday that it remains in a strong financial position, that it has collected 63% of its March rent and that a decision on the final dividend will be made once the year end results are finalised in May.
Ascential pulls dividend, cans Cannes Lions
Ascential said it was pulling its final 4p dividend and cancelling the Cannes Lions advertising conference in response to the coronavirus pandemic as it saw “significant disruption” across the marketing and communications industry.
BAE withdraws dividend as Covid-19 impact starts
BAE Systems has withdrawn its dividend and put financial guidance on hold after the Covid-19 crisis began to cause major disruptions to its business.
AB Foods CEO, FD take voluntary 50% pay cut
Primark owner Associated British Foods said its chief executive and finance director had volunteered to take a 50% pay cut in response to the coronavirus pandemic.