Market Report
Airbnb internal valuation drops 16% to $26bn
Apartment rental site Airbnb lowered its internal valuation compared to its latest funding round by 16% to reach $26bn.
Redcentric suspends share repurchase, unlikely to propose dividend
IT managed services outfit Redcentric said predicting future demand for its offerings was "difficult" due to the ongoing Covid-19 pandemic, leading the group to suspended its share repurchase programme and likely withhold any dividend payments.
Minoan continues to search for potential partners
Hotel owner Minoan Group said on Friday that its efforts to secure potential partners for a project in Crete had not been "unduly affected" by the effects of the Covid-19 pandemic.
Europe midday: Stocks slip as service sector surveys point to sharp GDP fall
Stocks across the Continent were sent sharply lower at the end of the week by services sector surveys that economists said pointed to an already steep and worse than expected drop in economic activity.
Fox Marble curtails operations amid coronavirus pandemic
Fox Marble updated the market on the impact of the Covid-19 coronavirus pandemic on Friday, explaining that the spread of the disease was having a “significant impact” on the marble extraction and processing market, given the international travel and working restrictions in place in a number of countries.
London midday: Stocks extend losses after UK services data; payrolls eyed
London stocks had fallen further into the red by midday on Friday following the release of dismal UK services data, as investors eyed the latest US non-farm payrolls report amid ongoing concerns about the escalating coronavirus pandemic.
Eddie Stobart appoints finance veteran Adrian Collins as chairman
Eddie Stobart announced the appointment of Adrian Collins as its non-executive chairman on Friday, with immediate effect.
Clipper Logistics sets up PPE supply chain for NHS
Clipper Logistics has been contracted to provide services to establish a new supply chain for personal protective equipment (PPE) products for the NHS, it announced on Friday, delivering to hospital trusts and other healthcare providers across the UK.
Hunting replaces final dividend with smaller interim distribution
Hunting axed its 2019 final dividend on Friday, by withdrawing the relevant resolution from its annual general meeting.
Asia report: Markets mixed as oil prices rise, US jobs data sinks
Markets in Asia finished in a mixed state on Friday, with investors watching a surge in oil prices while digesting the latest developments in the ongoing Covid-19 coronavirus outbreak and its effects on the global economy.
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.
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.
UK services sector suffers worst decline on record in March
The UK services sector suffered its worst decline on record in March as the coronavirus outbreak took its toll, according to a survey released on Friday.
System1 CFO steps down
Online market research agency System1 Group revealed on Friday that long-time chief financial officer James Geddes would be stepping down from the group on 20 April.
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.
London open: Stocks fall ahead of payrolls report
London stocks fell in early trade on Friday as investors mulled over Chinese services data and looked ahead to the release of the latest US non-farm payrolls report, amid ongoing concerns about the escalating coronavirus pandemic.
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.