News And Announcements
Equiniti cancels dividend as looks at deferred revenues
Equiniti Group confirmed cancellation of its final dividend for 2019 and pulled full year guidance as it sought to save cash during the coronavirus pandemic.
Deloitte UK cuts pay for top staff during coronavirus crisis
Accounting and consulting firm Deloitte announced on Wednesday it would be cutting pay for partners at its UK branch by a fifth during the coronavirus crisis.
Reabold Resources outlines upcoming plans at West Newton B
Upstream oil and gas investment company Reabold Resources updated the market on the start of preparatory activity ahead of drilling at the West Newton B site in PEDL 183, onshore UK on Wednesday.
Almost a third of FTSE 100 take axe to dividends
Almost one-third of FTSE 100 companies have cut or scrapped their dividends during the coronavirus crisis, leaving investors relying on 10 companies for two-thirds of the index's likely payouts in 2020, research shows.
UK lockdown not covered by Hiscox business interruption policy
Insurer Hiscox said on Wednesday that its core policy wordings do not provide cover for business interruption due to measures taken by the UK government in response to a pandemic, and that its realistic disaster scenario estimates a net loss of $175m, mainly from event cancellation.
JKX Oil reports bump in first quarter production
JKX Oil & Gas reported an 11% improvement in group production in its first quarter on Wednesday, to 10,996 barrels of oil equivalent per day (boepd), up from 9,907 boepd year-on-year.
Liontrust posts decent quarter as it battens down for Covid crisis
Liontrust Asset Management reported assets under management and advice of £16. 1bn as at 31 March in a trading update on Wednesday, making for an increase of 27% year-on-year.
Power Metal acquiring majority stake in Kavango's Ditau Project
Metals exploration and development company Power Metal Resources announced the conditional acquisition of a 51% interest in the “highly prospective” Ditau Project in Botswana on Wednesday.
Bank of America sets aside almost $5bn for Covid-19 recession
Bank of America's first-quarter profit almost halved as the lender set aside nearly $5bn (£4bn) for bad debts in preparation for a recession triggered by the Covid-19 crisis.
Solid State reports record year as it flags Covid uncertainty
Computing, power and communication products manufacturer Solid State updated the market on its trading on Wednesday, saying it was expecting revenue close to the consensus forecast of £68m, with adjusted profit before tax anticipated to be about 10% ahead of current consensus expectations of £4. 2m, making a record year for the group.
Hunting says Covid-19 reduces demand, pulls guidance
Hunting said the Covid-19 crisis was reducing customer demand as the energy services group withdrew its financial guidance for 2020.
Anglo Asian Mining reports production in line with guidance
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining reported production of 18,609 gold equivalent ounces in its first quarter on Wednesday, calculated using budgeted metal prices, which was in line with the guidance it announced on 11 March.
Costain shares soar as HS2 railway project gets green light
Shares in infrastructure company Costain rose by more than a third on Wednesday as the company confirmed its joint venture had been given the green light to start building phase one of Britain's second high-speed railway.
Jupiter Fund Management forges ahead with Merian acquisition
Jupiter Fund Management confirmed it was moving ahead with its Merian Global Investors acquisition despite both firms seeing assets under management take a hit from the Covid-19 pandemic.
Ariana exceeds annualised quarterly gold guidance in Q1
Ariana Resources reported first quarter gold production of 5,129 ounces on Wednesday, down from 7,318 ounces in the fourth quarter, but exceeding its average annualised quarterly guidance by 14%.
Europa Oil confident in position amid Covid crisis
UK, Ireland and Morocco-focussed exploration, development and production company Europa Oil & Gas reported revenue of £0. 8m in its first half on Wednesday, slipping from £0. 9m year-on-year.
888 halves final dividend during Covid-19 crisis
888 Holdings halved its final dividend as the online gambling company reported resilient trading so far in the Covid-19 crisis.
Spirent confirms final dividend
Communications technology firm Spirent confirmed its final dividend on Wednesday despite the ongoing Covid-19 pandemic.
FCA warns insurers over payments to businesses
The Financial Conduct Authority has told general insurers to make speedy payments to businesses affected by the Covid-19 crisis and has set up a unit to monitor treatment of small enterprises.
URU Metals to request assessment extension amid pandemic
URU Metals said on Wednesday that it was still making progress in advancing its mining right Application in South Africa, which it announced in December.