Gresham House Strategic retains commitment to raising dividend April 6, 2020 Gresham House Strategic will raise its dividend as its board and manager insist the firm is “well-positioned” during the coronavirus crisis. In a statement, Gresham House Strategic’s board and manager say they “retain confidence” in the strategy and will retain their commitment to raising the dividend 15 per cent. The investment company said it had [...]
Coronavirus: What Olympians can teach us about working from home (seriously) April 6, 2020 After spending four years laser-focused on a single goal, last week world class athletes woke up to the news that the Olympic Games has been postponed as a result of the COVID-19 pandemic. Athletes will now have to keep up the momentum until June 2021 which will no doubt take some readjusting and a fresh [...]
Coronavirus: Retail funds might surprise the doomsayers April 6, 2020 A month ago, it would have been near impossible to predict the speed with which markets returns would fall as investors reacted to a spate of lockdowns across Europe and the US. As more and more countries are caught in the grip of the COVID-19 pandemic, economic output in a number of sectors has effectively [...]
Coronavirus: Stobart Group furloughs half its staff and withdraws guidance April 6, 2020 Stobart Group will furlough 50 per cent of its staff as part of a range of measures implemented to protect the firm against the coronavirus pandemic, the industrial conglomerate announced this morning. In addition to putting roughly 750 employees on the government’s job retention scheme, the firm, which owns businesses such as London Southend Airport, [...]
Mirror publisher Reach cuts wages and furloughs a fifth of its staff April 6, 2020 Dairy Mirror publisher Reach has today announced its employees will take a pay cut during the coronavirus crisis, as it continues to operate all of its regional and national titles. The publisher said some members of the senior editorial and management team will take a 20 per cent cut as part of cost-cutting measures. Other [...]
Babcock to make 10,000 ventilators as firm takes small hit from coronavirus April 6, 2020 Engineering giant Babcock has been awarded a contract by the government to manufacture 10,000 ventilators to support efforts to tackle the coronavirus pandemic. The FTSE 100 firm, which is one of the UK military’s largest contractors, is the latest industrial giant to join manufacturing efforts as the country seeks to “ramp up” the readiness of [...]
NMC Health strives to avoid administration after being hit by creditor court action April 6, 2020 Scandal-hit NMC Health is working to avoid going into administration after being hit by a court action brought by one of its creditors. The London-listed company said today that lawyers acting for Abu Dhabi Commercial Bank (ADCB) filed an application on 2 April in the High Court to appoint administrators to NMC with a hearing [...]
WH Smith to tap investors for up to £150m due to coronavirus outbreak April 6, 2020 WH Smith has confirmed it is planning to tap investors for a cash injection of up to £150m to shore up its balance sheet due to the impact of coronavirus. The company said this morning that it has secured new lending facilities of £120m to strengthen its balance sheet, working capital and liquidity position, however [...]
Ladbrokes owner GVC scraps dividend but halves coronavirus profit hit April 6, 2020 Betting giant GVC has cancelled its interim dividend over coronavirus concerns, but has also halved the hit it expects to take from the global pandemic. The UK coronavirus outbreak “significantly reduced” GVC’s revenues from mid-March, the company warned today as it scrapped its second interim dividend. Instead it will conserve cash, after retail like-for-like net [...]
