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Monday 06 April, 2020

06-Apr-2020 02:11 PM

RBG postpones interim dividend decision until May

Professional services company RBG said it had postponed a decision on paying an interim dividend until May due to uncertainty caused by the Covid-19 crisis. The company said it had temporarily closed its London and Manchester offices, with all 96 of its
06-Apr-2020 01:43 PM

Immedia warns of material hit from Covid-19 crisis

Marketing company Immedia said it expected the Covid-19 crisis to have material adverse effect on the company. Immedia said it substantial exposure to the retail sector and a number of clients, including JD Sports, Ikea and Subway had closed stores it se
06-Apr-2020 10:01 AM

SigmaRoc first-quarter revenue up 87%; sees tougher second quarter

Construction materials company investor SigmaRoc said it had performed better than expected in the first quarter, but anticipated a tougher second quarter due to the Covid-19 crisis. Revenue in the three months through March rose 87% to £26.5m, whi
06-Apr-2020 09:59 AM

Be Heard pulls guidance, warns of Covid-19 impact to outlook

Digital marketing services group Be Heard pulled its guidance amid the ongoing Covid-19 pandemic, which it warned was beginning to affect its outlook. 'Trading in the current financial year started well and was in line with the Board's expecta
06-Apr-2020 09:43 AM

Symphony Environmental fields rise in enquiries about protective plastic products

Biodegradable plastics company Symphony Environmental Technologies said its first-quarter revenue jumped 56% and that it was seeing a rise in enquiries about its anti-microbial and other protective products due to Covid-19. Revenue in the three months th
06-Apr-2020 09:21 AM

React eyes guidance beat as Covid-19 drives demand for cleaning services

Specialist cleaning company React said it could exceed its profit expectations for the full year, as the Covid-19 pandemic raises demand for its decontamination and infection control services. React said it was experiencing 'high demand' for su
06-Apr-2020 09:14 AM

Stobart furloughs half of employees; exploring funding options

London Southend Airport owner Stobart said it had furloughed about 50% of its employees to buffer its balance sheet from the Covid-19 crisis. About half of the company's 1,500-plus staff had been furloughed under the UK government's job retenti
06-Apr-2020 09:06 AM

Reach scraps final dividend; cuts staff salaries by 10%

Daily Mirror and Daily Express newspaper publisher Reach scrapped its final dividend and said its employees would have to take a 10% pay cut as it weathers the Covid-19 crisis. Reach said it had furloughed about 20% of its employees under the UK governme
06-Apr-2020 08:37 AM

LXI REIT flags disruptions to customers amid Covid-19 impact, but maintains dividend plans

LXI REIT said it would meet its dividend target this year despite flagging coronavirus-led disruptions to some of its customers businesses. To date, just 67% the company had received 67% of rent due in respect of the quarter ending 30 June 2020 as some
06-Apr-2020 08:28 AM

Grainger warns of coronavirus-led disruption on housing transaction volumes

Private rental housing provider Grainger warned of lower rental growth in the second half of the year and said current events were expected to reduce housing transaction volumes overall in the short term and potentially delay some profit recognition. Th
06-Apr-2020 08:03 AM

SThree scraps 2019 final dividend; cuts executive pay

Recruitment company SThree scrapped its final dividend among cost saving measures to weather the Covid-19 crisis that also included cutting executive salaries by 20%. The company had been planning to pay a 2019 final dividend of 10.2p per share. SThree
06-Apr-2020 07:59 AM

Babcock to review dividend over next two months amid ongoing Covid-19 outbreak

Defence contractor Babcock International said developments over the next two months would determine whether it would pay a final dividend for this financial year as the company flagged a 'small impact' from the Covid-19 pandemic in the final qua
06-Apr-2020 07:58 AM

ScS suspends interim dividend; outgoing CEO agrees to stay on longer

Furniture and flooring retailer ScS said it had suspended payment of its interim dividend due to the Covid-19 crisis. 'At a time when the UK Government is supporting ScS, it seems inappropriate to use the cash for anything other than protecting the
06-Apr-2020 07:48 AM

Spectris cancels 2019 final dividend; like-for-like sales down 10% in first quarter

Measurement tool company Spectris said it had scrapped a special dividend and postponed a final dividend in reaction to the Covid-19 crisis. Trading in the first quarter had been impacted by the pandemic, the company said, with like-for-like sales slippi
06-Apr-2020 07:35 AM

Rolls-Royce scraps dividend; to cut global worker salaries by 10%

Engineering group Rolls-Royce scrapped its final dividend and said it would cut staff costs by around 10% as it buffers its balance sheet from the Covid-19 crisis. The company had been planning to pay a 2019 final dividend of 7.1p per share. Rolls-Royce
06-Apr-2020 07:27 AM

Sage cancels £250m share buyback; warns of revenue, margin miss

Software company Sage canceled a £250m share buyback programme, while warning that it was expected to miss its full-year revenue and margin guidance. The company had suspended the share buyback on 18 March. In a trading update for the six months t
06-Apr-2020 07:19 AM

Petrofac scraps 2019 final dividend; reduces headcount by 20%

Oil services company Petrofac said it had scrapped its 2019 final dividend as part of cost saving measures designed to help it weather the Covid-19 crisis. Petrofac had planned to pay a dividend of 25.3c per share. The company said it had also cut plann
06-Apr-2020 07:13 AM

WH Smith plans equity raising to help weather Covid-19 crisis

Book and convenience retailer WH Smith said it was in the advanced stages of preparation for an equity raising that would bolster its balance sheet during the Covid-19 crisis. Equity would be issued accounting for a maximum of 13.7% of its current shares
06-Apr-2020 07:09 AM

Restaurant Group gets loan covenant waiver, cuts executive pay, shrinks board

Wagamama and Frankie & Benny's owner Restaurant Group said its lenders had waived covenant tests for the half year. Santander had also increased the size of a revolving credit facility to Wagamama to £35m from £20m. Chief executive Andy

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