News And Announcements
MJ Gleeson furloughs workers and cuts top pay
MJ Gleeson has furloughed three-quarters of its employees and cut pay for directors and senior managers after closing its building sites in response to the Covid-19 crisis.
NMC Health trying to fend off administration move by ADCB
Beleaguered Gulf hospital group NMC Health said it was trying to get Abu Dhabi Commercial Bank (ADCB) to withdraw a legal application proposing that NMC be placed under administration.
Reach suspends guidance, dividend amid pandemic
Reach suspended its final dividend and 2020 guidance on Monday as it said some employees will take a pay cut due to the coronavirus pandemic.
Invesco and Barnett fired by Perpetual Income & Growth
Invesco and its former star fund manager Mark Barnett have been sacked by Perpetual Income & Growth Investment Trust after a long period of poor results.
Debenhams files notice of intent to appoint administrator
Embattled department store chain Debenhams has filed a notice of intent to appoint an administrator, it announced on Monday, in a move to protect it from the threat of legal action that could have pushed it into liquidation.
TBC Bank executive waives rights to 2020 bonuses
TBC Bank updated the market on its executive remuneration plans on Monday, in light of the ongoing Covid-19 coronavirus pandemic.
Spectris scraps guidance, sees decline in Q1 sales
Instrumentation and controls supplier Spectris pulled its guidance for 2020 and implemented pay cuts as it felt the impact of the Covid-19 crisis on orders and sales.
ScS suspends interim dividend due to Covid-19
Furniture retailer ScS suspended the payment of its interim dividend on Monday but said it was "as well positioned as it can be" to weather the coronavirus pandemic.
Car registrations tumble as Covid-19 shuts showrooms
New car registrations fell more than 40% in March as the Covid-19 crisis shut showrooms, industry figures showed.
IWG CEO, CFO take 50% pay cut; Trading update delayed
Serviced offices provider IWG chief executive Mark Dixon and chief financial officer Eric Hageman have taken a 50% cut in fees and base salaries to save cash during the Covid-19 crisis, the company said on Monday.
Grainger remains strong amid 'resilient' rental market
Residential landlord Grainger said it remained in a strong financial position in a "resilient residential rental market" despite the Covid-19 crisis as people deferred house moves.
Antofagasta suspends ops at Los Pelambres for 120 days
South American copper miner Antofagasta said it had suspended its Los Pelambres Expansion project in Chile for about 120 days due to the coronavirus crisis.
GVC Holdings managing costs, pulls interim dividend
Sports betting and gaming company GVC Holdings updated the market on Monday, providing further detail on the impact of the Covid-19 coronavirus pandemic and the mitigating wat was taking.
Restaurant Group execs take pay cut; banking facilities increased
Wagamama owner Restaurant Group announced extra flexibility in its banking facilities on Monday as it said its executive directors have agreed to a pay cut amid the coronavirus outbreak.
Babcock considers dividend after trading in line
Babcock International said it was considering whether to pay a final dividend as the infrastructure group reported final quarter trading in line with expectations.
Biffa execs take pay cut as workers enter Covid-19 furlough scheme
Executives at waste management company Biffa on Monday volunteered to take a 20% paycut as staff started to go on furlough in response to the Covid-19 crisis.
Smiths Group feels virus effect after solid first half
Smiths Group said trading was increasingly affected by the Covid-19 crisis as the engineering company reported a 6% increase in operating profit.
Petrofac pulls dividend and guidance, cuts personnel by 20%
Petrofac pulled its final dividend and withdrew its guidance on Monday as it said it was cutting its personnel by 20% and furloughing staff due to the coronavirus pandemic.
Bodycote Q1 not 'significantly' impacted by Covid-19; final divi under review
Bodycote said on Monday that first-quarter trading has not been "significantly" impacted by the Covid-19 pandemic but that its proposed final dividend is under review given current uncertainty.
WH Smith confirms equity raise
WH Smith said on Monday that it has secured new lending facilities of £120m that are conditional on raising new equity.