- Thermal processing services provider Bodycote said its proposal to pay a final dividend was under review given the uncertainty caused by the Covid-19 pandemic.

Despite the uncertainty, the company said performance in the first quarter had not been significantly impacted by disruption from the pandemic. 'Bodycote has a very strong balance sheet and can withstand a significant decline in trading conditions. Nonetheless, given the uncertainty in the current environment the Board is keeping the proposal for the final dividend under review,' the company said.

Bodycote also announced the completion of the acquisition of Ellison Surface Technologies.

'In December, we announced that the gross consideration for the acquisition would be $200m (£162m), with $120m (£97m) paid on 3 April , the date of completion, with the remaining $80m (£65m) due for payment on 3 April 2021.

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