News And Announcements
Caledonia Mining defers quarterly dividend decision amid Covid pandemic
Caledonia Mining Corporation announced on Wednesday that, due to the uncertain business environment around the Covid-19 coronavirus pandemic, its board had decided to defer its approval of the second quarterly dividend for 2020.
Sound Energy looking to extend Tendrara gas sale negotiations
Sound Energy updated the market on the Tendrara Gas Sales Agreement memorandum of understanding on Wednesday, confirming that it was seeking an extension to negotiations.
K3 Business Tech raises £6m, winds up UK dynamics unit
K3 Business Technology Group announced on Wednesday that it has secured additional cash funding of £6m by way of loans from two major shareholders and Barclays Bank.
Spire agrees covenant waiver with lenders, pulls dividend
Spire Healthcare has opted to pull dividend payments amid the Covid-19 outbreak, despite its lenders agreeing to waiver covenant testing.
Primary Health Properties maintains dividend policy as it works on pipeline
Primary Health Properties updated the market on Wednesday, reporting that rental collection remained “robust”, with 79% of the first quarter rent received by 1 March.
Big Yellow secures £35m credit facility with Aviva
Big Yellow has secured a new debt facility with Aviva, its long-term lender, the self-storage firm said on Wednesday.
BAT hails breakthrough with potential Covid-19 vaccine
British American Tobacco said on Wednesday that it has made a "significant breakthrough" with its tobacco plant technology platform in the development of a potential vaccine for Covid-19.
Finablr makes Bhairav Trivedi CEO as CFO quits
Finablr appointed Bhairav Trivedi as its chief executive and announced the departure of its finance chief in the latest upheaval at the embattled owner of Travelex.
SMEs face collapse as they struggle to access govt loan scheme - report
Up to 1m small businesses could be forced to close as they struggle to obtain the cash to survive lockdown, despite the package of measures announced by government, according to research released on Wednesday.
ContourGlobal announces £30m share buyback
Power generation company ContourGlobal has announced a £30m share buyback programme.
Auto Trader raises funds, cuts board pay in Covid-19 measures
Auto Trader announced a share placing equal to 5% of its share capital and reductions to directors' pay to strengthen its finances during the Covid-19 crisis.
Coats Group CFO Boddie to retire
Industrial thread manufacturer Coats Group said on Wednesday that chief financial officer Simon Boddie plans to retire at the end of March 2021 "to pursue further non-executive opportunities".
Savills pulls dividend payouts
Real estate agent Savills said it was pulling its final and supplemental interim dividends to save cash in response to the coronavirus pandemic.
Qinetiq to postpone decision on final dividend due to Covid-19
Defence company Qinetiq said on Wednesday that it will postpone a decision on whether to pay a final full-year dividend until later in the year, when there is greater clarity on the impact of the coronavirus pandemic.
Taylor Wimpey executives cancel bonuses, take pay cut
Executives at house builder Taylor Wimpey agreed to cancel bonuses and take a 30% base salary cut for the duration of the coronavirus lockdown.
HSBC scraps dividends at BoE's request
HSBC has cancelled its fourth-quarter dividend and agreed not to pay dividends or buy back shares in 2020 after the Bank of England told the bank to conserve capital during the Covid-19 crisis.
Lloyds scraps dividends in Covid-19 measure
Lloyds Banking Group has scrapped its final 2019 dividend and agreed not to make shareholder payouts or buy back shares in 2020 at the request of the Bank of England to preserve capital in the Covid-19 crisis.