Market Report
Hiscox cancels dividend, withdraws guidance due to Covid-19
Hiscox joined fellow insurers Aviva, RSA and Direct Line on Wednesday as it cancelled its final dividend due to the coronavirus outbreak.
Grafton CEO, CFO volunteer to take 20% pay cut due to Covid-19
Building materials company Grafton said on Wednesday that its chief executive and chief financial officers have volunteered to take a pay cut amid the coronavirus outbreak.
Aviva pulls final dividend, Tesco ups final distribution
London open The FTSE 100 is expected to open 84 points lower on Wednesday, having closed up 2. 19% at 5,704. 45 on Tuesday.
London pre-open: Stocks to edge lower ahead of FOMC minutes
London stocks were set for a slightly lower open on Wednesday following gains in the previous session, as investors eyed the release of the latest Federal Open Market Committee minutes.
Wednesday newspaper round-up: Job losses, car finance, airlines
More businesses in the UK are laying off staff as they start to run out of cash and struggle to get access to emergency coronavirus financial support from the government, a leading employers’ organisations has said. The British Chambers of Commerce (BCC) said its weekly survey of how firms were coping with the Covid-19 crisis found an increase in the number planning to furlough workers as a result of the economic lockdown. – Guardian.