News And Announcements
Whitbread sales slump as Covid-19 lockdown hits Premier Inn
UK first quarter like-for-like sales slumped at Premier Inn owner Whitbread, reflecting the full impact of the coronavirus lockdown although it reported good summer demand for tourist destinations.
Petropavlovsk court application to be heard Tuesday
Russian miner Petropavlovsk said a court hearing for to consider an application to remove existing board members had been adjourned to later Tuesday.
Novavax awarded $1.6bn in coronavirus vaccine funding
Novavax said on Tuesday that it has been awarded $1. 6bn in government funding to develop its Covid-19 vaccine.
Collagen Solutions signs deal with Halma acquisition NovaBone
Biomaterials and regenerative medicines developer Collagen Solutions has entered into a new minimum three-year agreement with NovaBone Products - a designer and manufacturer of US FDA-cleared synthetic bone grafts - it announced on Tuesday.
Halfords cautious on outlook despite strong bike sales
Halfords said it was cautious about its outlook as the car accessories and bicycle retailer reported better-than-expected recent trading based on strong bike sales.
JD Sports calls for 'rental realism' as Covid-19 hits footfall
JD Sports Fashion said footfall was weaker in stores reopened after lockdown and called for "rental realism" from landlords as the sportswear chain reported record profit for the year to the start of February.
Electrocomponents's first quarter revenues slide
Electronics products distributor Electrocomponents posted a marked drop in first-quarter revenues on Tuesday as the ongoing Covid-19 outbreak weighed on trading.
JD Wetherspoon says report about pubs for sale is untrue
JD Wetherspoon said a press report that it was selling 15 pubs was untrue and had been withdrawn.
Carnival Mardi Gras vessel delayed until 2021
Cruise operator Carnival said it was delaying delivery of its newest vessel, the Mardi Gras, to next year as the Covid-19 pandemic continued to hit the travel industry.
Assura reports 'active' first quarter
Healthcare property investor and developer Assura reported on an “active” first quarter on Tuesday, confirming that rents for the June quarter were being received in line with “normal patterns”.
Derwent London pleased with rent collection progress
Derwent London said on Tuesday that for the June quarter to date, it had received 75% of office rents and 70% of the portfolio's overall rent.
Reach to axe 550 jobs as Covid-19 hammers revenues
Daily Mirror and Daily Express publisher Reach said it was axing 550 jobs to slash costs as the coronavirus pandemic hammered advertising revenues.
Plus500 makes Zruia CEO as customer gains ebb
Plus500 appointed David Zruia as chief executive as the contracts for difference platform reported bumper first-half trading and customer gains returned to normal levels after a costly spike.
James Fisher to restructure marine unit as Q2 revenues fall
Marine services group James Fisher said second quarter group revenue fell 18% year on year as the slumping oil price hit demand from clients.