Market Report
PageGroup cancels dividend, withdraws guidance
Recruitment firm PageGroup withdrew guidance for "current and future years" and cancelled its final dividend of 9. 40p per share on Wednesday as a result of impacts stemming from the Covid-19 outbreak.
Unite Group portfolio valuations impacted by Covid-19
Student accommodation providers Unite Group said on Wednesday that its decision to forego rent for students who choose to return home as a result of the Covid-19 pandemic had impacted valuations for the period.
Europe midday: Stocks dip as WHO warns against easing containment measures
Stocks are trading slightly lower amid warnings from the World Health Organisation against unwinding quarantine or social-distancing prematurely, even as estimates of the likely huge economic toll of the pandemic continue to roll in.
PPHE Hotel Group secures £180m facility for Hoxton project
Real estate developer PPHE Hotel Group has entered into a £180m syndicated facility agreement arranged by Bank Hapoalim to fund the development of Art'otel London Hoxton.
ASOS set to emerge a 'winner' amid shift to online, says Jefferies
Jefferies upgraded its stance on shares of online retailer ASOS to ‘buy’ from ‘underperform’ on Wednesday, saying that the company had acted "promptly" to raise more than £200m equity on the back of good first-half results and was set to emerge from the coronavirus crisis a "winner".
Twitter CEO donates 28% of personal fortune to coronavirus fight
Twitter CEO Jack Dorsey is donating 1$bn, which equates to 28% of his personal fortune, to fund the global Covid-19 relief.
Concepta raises £1.9m through placing and subscription
Personalised healthcare company Concepta has conditionally raised gross proceeds of £1. 9m via a placing and subscription, and the issue of convertible loan notes, it announced on Wednesday.
Baron Oil relinquishes one licence on Inner Moray Firth
Baron Oil updated the market on the Inner Moray Firth (IMF) on Wednesday, having been awarded exclusive licenses over seven blocks and part blocks in the IMF, part of the UK continental shelf, under the 31st Offshore Licensing Round in September, alongside its joint venture partners.
US pre-open: Futures point to small gains as volatile week continues
US futures were pointing to small gains on Wednesday as a volatile week for stocks looked set to continue.
Asia report: Markets mixed as investors digest latest pandemic developments
Markets in Asia finished in a mixed state on Wednesday, as investors tried to make sense of another day of fresh measures from governments amid the ongoing Covid-19 coronavirus pandemic.
London midday: Stocks still in the red amid Covid-19 worries
London stocks were still in the red by midday on Wednesday as investors fretted about the impact of the coronavirus after a meeting of EU finance ministers failed to yield an agreement on how to tackle the crisis.
Hyve suspends dividend, leadership team takes 20% pay cut amid Covid
Exhibitions and conference company Hyve said on Wednesday that it was pulling its dividend due to the Covid-19 outbreak as more than a quarter of its workforce has been put on furlough and the leadership team takes a pay cut.
Novacyt's Covid-19 diagnostic test gets OK for WHO procurement
Biotech group Novacyt said its Covid-19 diagnostic test had been deemed eligible for procurement under the World Health Organisation's Emergency Use Listing process.
Derwent London confirms dividend, halts construction
Office developer Derwent London confirmed its final dividend on Wednesday but halted construction on multiple sites across the capital.
Direct Line pulls dividend due to coronavirus outbreak
Direct Line said on Wednesday that it was pulling its final dividend due to the coronavirus outbreak and following a request from the Prudential Regulation Authority.
On the Beach suspends guidance, pulls dividend
On the Beach suspended its full-year guidance and cancelled its dividend on Wednesday due to the coronavirus outbreak, as it announced that its chief executive will forgo his salary.
MJ Gleeson to raise £16.4m to meet demand from first-time buyers
Low-cost housebuilder MJ Gleeson said on Wednesday that it is looking to raise about £16. 4m in a share placing to position itself for "an early recovery of the first-time buyer market" once coronavirus restrictions are lifted.
ASOS raises £247m in share placing
Online fashion retailer ASOS said on Wednesday that it has raised around £247m in a share placing as it looks to bolster its finances to help weather the coronavirus pandemic.
Tritax Big Box to maintain quarterly dividend
Tritax Big Box updated the market on the impact of the Covid-10 coronavirus pandemic on Wednesday, reporting that a number of its customers were experiencing “unprecedented disruption” to operations as a result of government measures put in place to combat the spread of the virus.
London open: Stocks retreat as insurers slump after pulling dividends
London stocks fell in early trade on Wednesday as worries about the spread of the coronavirus returned and after a meeting of EU finance ministers failed to yield an agreement on how to tackle the crisis.