News And Announcements
IATA calls for rapid help to help Africa, Middle East airlines
Losses for African and Middle East airlines due to the coronavirus had risen to $23bn and governments needed to intervene rapidly, the International Air Transport Association said on Thursday.
British Airways to suspend 30,000 staff after deal with unions
British Airways said it had reached agreement with trade unions to suspend more than 30,000 staff until the end of May under the government's coronavirus furlough scheme.
Corero secures $2m in new customer wins
Corero Network Security announced new customer wins for its ‘SmartWall’ distributed denial of service (DDoS) protection product on Thursday, including a new ‘Juniper’ customer, additional purchases from existing customers, a large ‘Support and SecureWatch’ security services contract renewal ,and continued momentum from its relationship with GTT Communications, totaling $2m over the course of the contracts.
U+I sells investments in Harwell Campus, Gemini Building
Specialist regeneration developer and investor U+I has exchanged on the sale of its holding in Harwell Campus, the science and technology campus in Oxfordshire, to Brookfield Capital Partners on behalf of Brookfield Strategic Real Estate Partners III, it announced on Thursday.
Tertiary Minerals raises £0.6m for exploration and Covid capital
Tertiary Minerals announced on Thursday that it has entered into a share subscription deed with Precious Metals Capital Group, which it described as a US-based institutional specialist investor.
Richard Branson defers Virgin brand payments over coronavirus crisis
Richard Branson will defer tens of millions of pounds in fees owed in brand licensing by Virgin branded companies in response to the coronavirus crisis.
National Express to suspend all services from Sunday
National Express will temporarily suspend all services from Sunday 5 April as the coronavirus pandemic dents demand.
JP Morgan ups rating on Hikma after key patent win
JP Morgan has upped its rating on Hikma Pharmaceuticals after the generics specialist won a key patent challenge.
Wood Group pulls dividend, cuts executive pay, axing some staff
Wood Group pulled its dividend, implemented a 10% pay cut for executive directors and admitted it would have to axe some staff as the impact of the coronavirus pandemic was felt through the business.
Hays raises £200m from cash call; Warns on profit, pulls dividend
Recruitment firm Hays said it had raised £200m from an emergency cash call to combat an expected hit to fee income due to the coronavirus pandemic.
British Airways parent IAG pulls dividend due to Covid-19 outbreak
British Airways parent International Consolidated Airlines Group has scrapped its final dividend as it looks to weather the coronavirus pandemic.
Air passenger traffic falls at steepest rate since 9/11 in February
Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.
Galantas Gold to consolidate shares as processing slows
Galantas Gold Corporation announced on Thursday that, as of market open on 9 April, it will complete the consolidation of its common shares on the basis of one post‐consolidated share for every 10 pre‐consolidated shares held.
Burford Capital looks to benefit from economic fallout of Covid-19
Burford Capital said the widespread economic upheaval caused by the Covid-19 outbreak was likely to create “significant” new business opportunities going forward.
Hollywood Bowl pulls dividend due to Covid-19
Hollywood Bowl pulled its interim dividend on Thursday and said it was unable to provide any full-year guidance due to the coronavirus outbreak.
OptiBiotix enters manufacturing deal with Denmark's Fipros
Life sciences company OptiBiotix Health has entered into a contract manufacturing agreement with Fipros in Denmark, it announced on Thursday.
Insolvency financier Manolete sees rise in cases amid crisis
Insolvency litigation financing company Manolete Partners updated the market in light of the Covid-19 coronavirus pandemic on Thursday, claiming that it had successfully adjusted to the ongoing crisis.
Caesars Entertainment fined £13m over systemic failings
Casino company Caesars Entertainment was fined £13m by the Gambling Commission for systemic failings.
PZ Cussons strips former boss of retirement payments
PZ Cussons has stripped its outgoing chief executive of certain retirement payments after the discovery of financial irregularities.
Robert Walters pulls dividend, cuts costs as Covid-19 hits
Robert Walters has announced it will not be paying a dividend after it moved to cut costs by as much as 15% following the outbreak of Covid-19.