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.
US stocks closed lower on Wednesday as concerns about how long the coronavirus lockdown will last and what its after-effects may be, as well as some disappointing data and earnings, weighed on sentiment.
Stocks were pummeled as economic data in the US showed record falls in retail sales and in factory activity in the New York area, underscoring the toll that the Covid-19 pandemic could be expected to take on the economy.
Investors' attention will continue to be on the US economy and in particular on its jobs markets.
Electronics retailer Best Buy said on Wednesday it would furlough about 51,000 hourly US store employees but retain the vast majority of its full-time store and field workers.
The Pebble Group revealed on Wednesday that chief financial officer Claire Thomson has acquired 50,000 ordinary shares in the AIM-listed promotional products provider.
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.
Leisure-related shares paced declines on the second-tier index on Wednesday, as investors' attention pivoted back to the sector as risk appetite soured on the back of exceedingly weak economic reports and corporate updates Stateside.
London stocks remained in the red at the close on Wednesday, as investors dealt with renewed concerns about the economic impact of the Covid-19 pandemic.
JPMorgan Cazenove upgraded its stance on shares of online fashion retailer Asos to ‘overweight’ from ‘neutral’ on Wednesday, arguing that "a stronger operational grip has now been consistently demonstrated" after a turbulent 18 months.
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.
Airbnb has secured commitments of $1bn for a syndicated term loan from institutional investors, it said in a press release.
Citigroup posted a steep decline in first-quarter profits on Wednesday as the US bank prepared for the hit from Covid-19 by stacking up its loan-loss reverses.
London’s FTSE 100 was down 2. 9% at 5,623. 16 in afternoon trade on Wednesday.
US stocks headed south at the bell on Wednesday as concerns about how long the coronavirus lockdown will last and what its after-effects may be, as well as some disappointing data and earnings, weighed on sentiment.
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.
US industrial output plummeted in March in the wake of the Covid-19 pandemic which resulted in broad based weakness across all sectors, but above all in the automotive space.
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 & 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 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.
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