News And Announcements
William Hill freezes pay and pulls bonuses due to Covid-19
William Hill has frozen executive pay, withdrawn bonuses and scrapped a share payment to its chief executive after the gambling company cancelled its dividend due to the Covid-19 crisis.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.
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.
Tesco ups final dividend as Covid-19 increases costs
Tesco increased its final dividend as the supermarket group said extra costs from the Covid-19 crisis could be as high as £925m.
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.
Indivior says remote working hits sales in Covid-19 crisis
Indivior said remote working was damaging sales as the drugs company withdrew its financial guidance during the Covid-19 crisis.
AG Barr pulls dividend; Poor summer hits FY profits
AG Barr scrapped its dividend, saying sales of its iconic Irn-Bru fizzy drink had dropped significantly due to the coronavirus lockdown while profits fell on the back of a poor summer weather in 2019.
TUI signs deal for €1.8bn German state loan
TUI has signed a deal to receive a €1. 8bn (£1. 6bn) bridging loan from the German government to support the company during the Covid-19 crisis.
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.
Robert Walters sees tough outlook as fees drop
Robert Walters said it expected difficult trading after fees fell in the first quarter as the Covid-19 crisis hit recruitment in the UK and other markets.
Relx withdraws guidance as events unit feels force of Covid-19
Information group Relx withdrew full-year guidance as the coronavirus pandemic hammered its exhibitions business.
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.
DS Smith scraps divi but sees strong retail demand
Packaging maker DS Smith scrapped its interim dividend but reported strong demand from its consumer goods unit as panic buying swamped supermarkets due to the Covid-19 crisis.
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.