Self-employed workers hit by the coronavirus crisis will receive a government grant worth 80% of earnings under a new scheme unveiled on Thursday, but would have to wait until June to get the cash, Finance Minister Rishi Sunak said on Thursday.
Shares on Wall Street finished higher for a third consecutive session after the head of the country's central bank assured investors that more could be done if needed to help the economy through the fallout of the coronavirus epidemic.
The focus in financial markets at the end of the week will be on a raft on consumer confidence surveys due out in the US as well as on the Continent.
Stocks across the Continent added to the previous day's gains after the head of the US central bank reassured investors that we "will not run out of ammunition".
Howden Joinery said on Thursday that it is suspending its share buyback programme and dividend and withdrawing guidance due to the coronavirus, but also that it is reopening some of its depots following further government guidance.
London stocks turned around to finish higher in afternoon trading on Thursday, as investors digested the latest scheduled announcement from the Bank of England and record US initial jobless claims numbers.
MC Mining announced the lockdown and suspension of coal production on Thursday, following a directive from the South African government requiring a 21-day national lockdown, effective midnight from 26 March to 16 April, in a bid to contain the spread of the Covid-19 coronavirus.
The G20 insisted on Thursday it would do “whatever it takes” to overcome the coronavirus outbreak.
STV updated the market on its trading and the steps it was taking to remain financially resilient in light of the Covid-19 coronavirus pandemic on Thursday.
Mining company Glencore said on Thursday that while its larger operations have not been materially impacted by the coronavirus outbreak, a number of its smaller assets have had to restrict or halt operations.
M&G Credit Income Investment Trust said on Thursday that, in view of the Covid-19 coronavirus pandemic and the latest guidance from the government, it has decided to postpone the upcoming annual general meeting due to be held in London on 30 March.
Special purpose acquisition company AIQ announced on Thursday that its entire issued ordinary share capital was being readmitted to the standard listing segment of the Official List, and to trading on the Main Market of the London Stock Exchange.
Synthomer announced on Thursday that the conditions attached to the European Commission's clearance decision over its acquisition of Omnova Solutions had been satisfied, and as such the deal was now expected to complete by 1 April.
UK gas-focussed development and production company Independent Oil and Gas reported a post-tax profit of £15m in its final results on Thursday, swinging from a loss of £5. 6m.
1PM, a specialist provider of finance facilities to UK SMEs, said on Thursday that it will defer a decision on its final dividend until the market situation and effects of the coronavirus outbreak are clearer.
Magazine publisher Future is in talks to sell three titles, after the competition watchdog gave its £140m acquisition of TI Media a conditional green light.
The European Central Bank has reportedly ruled out using the emergency Outright Monetary Transactions scheme to tackle the economic fallout from the coronavirus outbreak.
Breedon Group has temporarily suspended production at the majority of its UK sites, the construction materials specialist announced on Thursday.
Rate-setters at the Old Lady of Threadneedle Street warned on Thursday that a "sharp" contraction in economic activity around the globe was likely, alongside a "rapid" rise in unemployment across many economies.
Deutsche Bank cut its price targets for Flutter, GVC and William Hill to take account of the wave of cancelled sporting events caused by the Covid-19 crisis.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.