NMC Health requests delisting from London Stock Exchange April 27, 2020 Embattled hospital operator NMC Health has requested for its shares to be delisted from the London Stock Exchange after they were suspended two months ago. Shares in the healthcare operator were suspended in February. It was placed into administration this month following an application from lender Abu Dhabi Commercial Bank. It came after the hospital [...]
Coronavirus: Formula One targets July 5th return April 27, 2020 Formula One is planning to resume racing over the first weekend of July, chiefs confirmed this morning. In a short statement, F1 CEO Chase Carey said that his organisation was planning to begin a truncated season with a full racing weekend in Austria from July 3rd-5th. Carey said he was “increasingly confident with the progress [...]
China’s industrial profits nosedive in the first quarter April 27, 2020 China’s industrial profits improved modestly in March but the near 35 per cent fall indicates the country is still grappling with the effects of the coronavirus on the economy. China’s industrial profits dropped 34.9 per cent in March, compared with a 38.3 per cent drop in the first two months, according to the National Bureau [...]
Holiday Inn owner IHG secures £600m coronavirus loan April 27, 2020 Holiday Inn owner Intercontinental Hotels (IHG) has secured a £600m loan under the government’s coronavirus financial support scheme, the company announced this morning. IHG’s share price jumped 4.85 per cent this morning after the hotel operator said it now had $2bn in liquidity, after it also amended its credit facility to include a waiver of [...]
Ashtead warns on profit as coronavirus hits equipment hire demand April 27, 2020 Equipment rental firm Ashtead Group has warned on profit for the full year due to a slump in demand caused by the coronavirus lockdown. The London-based company today said it expected pre-tax profit of roughly £1.05bn for the year to the end of April, down from £1.11bn last year. The revised figures come as Ashtead [...]
Boris Johnson set to make Downing Street statement shortly April 27, 2020 Prime Minister Boris Johnson is set to make a statement outside Downing Street upon his return to work after a severe case of coronavirus. Johnson has spent three weeks on the sidelines after contracting coronavirus that led to the PM going into intensive care in hospital. He returned to Downing Street last night after two [...]
Deutsche Bank might temporarily miss capital target as impact of coronavirus hits April 27, 2020 Deutsche Bank announced first-quarter results were above market expectations, but warned it might temporarily miss its capital requirement target in light of the coronavirus crisis. In an unscheduled update on Sunday, the German lender said it expects to report group profit before tax of €206m (£179.6m)and net income of €66m (£57.54m). Revenue is expected to [...]
Coronavirus: Adidas forecasts 40 per cent drop in sales in second quarter April 27, 2020 Sportswear giant Adidas expects sales to plummet 40 per cent in the second quarter due to the impact of coronavirus lockdowns around the world. The German brand reported a 19 per cent decline in sales in the first quarter, but this morning said it forecast lower sales over the second quarter of the year. Coronavirus [...]
Italy to ease lockdown measures as coronavirus infections drop April 27, 2020 Italy has signalled an easing of lockdown measures put in place seven weeks ago to battle a sudden lethal spike in coronavirus cases. Italy will begin to relax lockdown measures from 4 May, Prime Minister Giuseppe Conte said. People will be able to visit relatives in small numbers and building sites, factories and parks will [...]
