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31 Mar
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Costain board takes 30% pay cut as Covid-19 closes sites

Infrastructure specialist Costain has cut management salaries by a third in response to the coronavirus outbreak.

30 Mar
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Italy experiences sharp drop in daily rate of new infections

The number of new Covid-19 infections and of fatalities continued to fall back at the start of the week.

30 Mar
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Europe close: Stocks start the week on a positive note

Stocks on the Continent finished mostly higher at the start of the week, helped by news of slower rates of increase in the number of fatalities and infections in Italy and Spain and a positive start to the trading day on Wall Street.

30 Mar
Cranswick
FTSE 250 movers: Hammerson plumbs another 52-week low, Cranswick wanted

Hammerson cratered after the shopping centre owner pulled its final dividend and guidance as government lockdowns forced many of its tenants to shutter their stores, leaving the company with a nearly two-thirds decline in quarterly rents.

30 Mar
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Hammerson pulls dividend as stores shutter, rents slump by two-thirds

Hammerson pulled its final dividend and guidance as government lockdowns forced many of its tenants to shutter their stores, leaving the company with a two-third decline in quarterly rents.

30 Mar
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FTSE 100 movers: Defensives lead, alongside Big Oil

Defensives lent their weight to Monday's move to the upside, even as investor sentiment was buoyed by Wall Street's ability seeming ability to avoid its now customary stumble at the start of the week.

30 Mar
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Director dealings: Aveva director snaps up shares

Aveva Group revealed on Monday that non-executive director Peter Herweck had acquired 2,500 ordinary shares in the FTSE 100-listed engineering and industrial software company.

30 Mar
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London close: Benchmark breaks into the green in late trading

London’s benchmark broke into the green by the close on Monday, having spent much of the session below the waterline as oil prices slid and as investors came to terms with the prospect of a prolonged lockdown.

30 Mar
Melrose warns on profits, pulls dividend

Manufacturing group Melrose issued a profits warning on Monday and pulled its final dividend as it reported a "significan deterioration" in end markets due to the coronavirus pandemic.

30 Mar
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easyJet grounds fleet as Stelios threatens over Airbus order

Budget airline easyJet grounded its entire fleet in response to the coronavirus pandemic as founder and major shareholder Stelios Haji-Ioannou threatened to pick off board directors one by one unless the company cancelled a large aircraft order to save cash.

30 Mar
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Pan African Resources goes into 'essential' operation amid lockdown

Pan African Resources said on Monday that it has implemented the necessary measures at all its operations to conduct essential services during the 21-day national lockdown period in South Africa, in place in response to the Covid-19 coronavirus pandemic.

30 Mar
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Broker tips: Cineworld, Dixons Carphone, Shearwater, BT, TalkTalk and Vodafone

JPMorgan Cazenove downgraded shares of Cineworld to ‘neutral’ from ‘overweight’ on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.

30 Mar
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ImmuPharma raises £1.5m to fund development programmes

Drug discovery and development company ImmuPharma announced subscriptions to raise £1. 5m through the issue of 15 million new ordinary shares at a price of 10p each on Monday.

30 Mar
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Numis sees improved H2 revenues despite 'unprecedented times'

Investment banking group Numis Corporation expects to report a 10% jump in second-half revenues despite the period being marred with elevated political uncertainty and significant declines in global markets in reaction to the Covid-19 pandemic.

30 Mar
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Thor continues talks over Spring Hill royalty sale

Thor Mining updated the market on the sale of the royalty it holds over the Spring Hill gold project on Monday.

30 Mar
Europe midday: Stocks trade on mixed note as Brent drops after lockdown extensions

Stocks on the Continent were trading on a mixed note at the start of the week, helped by news of slower rates of fatalities and infections in Italy and Spain and a positive start to the trading day on Wall Street.

30 Mar
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Final Arricano shopping centre closed by Covid

Arricano Real Estate announced on Monday that its final shopping centre, South Gallery, has now been impacted by Ukraine local government restrictions as to customer access due to the Covid-19 coronavirus pandemic.

30 Mar
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Hunters Property shares slide amid coronavirus slowdown

Franchised residential sales and lettings agency Hunters Property updated the market on the impact of the Covid-19 coronavirus pandemic on current trading on Monday, and on the publication of its results for the year ended 31 December.

30 Mar
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Medica Group ropes in Richard Jones as its new CFO

Teleradiology service provider Medica Group announced on Monday that Richard Jones has been appointed as its chief financial officer, and an executive director on its board.

30 Mar
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JPMorgan says 75% chance Rolls-Royce may need to issue equity

There’s a 75% chance that Rolls-Royce will need to issue equity, JPMorgan Cazenove said on Monday in a note on the European civil aerospace sector.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.