Trading Statements for 31 March 2020
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31 Mar
15:05Glencore defers dividend to protect credit rating amid Covid-19 crisisMiner and commodities trader Glencore deferred its dividend to support a commitment to maintain its investment grade credit rating amid the Covid-19 crisis. The company had intended to make a cash...
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31 Mar
14:51Appreciate cancels interim dividend amid substantial drop in billingsGifts company Appreciate said it had cancelled its interim dividend as part of cost saving measures designed to buffer its business from the Covid-19 pandemic. The company said its performance had...
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31 Mar
14:33Leeds warns of 'substantial' loss as German Covid-19 lockdown bitesTextile processing company Leeds warned that it expected to report a 'substantial' annual loss after lockdown measures in Germany to combat Covid-19 disrupted its operations there. Leeds said its...
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31 Mar
14:19Science Group trading in line; sees 'mixed' impact from Covid-19 crisisR&D consultancy Science Group said trading in the first quarter had been broadly in line with its expectations and that the impact of Covid-19 on its business had been 'mixed'. The company...
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31 Mar
13:23SpaceandPeople furloughs most UK staff citing Covid-19 containment measuresRetail space manager SpaceandPeople said the majority of staff at its UK offices had been furloughed following tough restrictions on movement introduced by the government to combat the spread of...
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31 Mar
09:57Nichols cancels 2019 final dividend; braces for 'significant' Covid-19 impactSoft drinks company Nichols said it had cancelled its final dividend amid expectations of a 'significant' impact on its business from the Covid-19 pandemic. The company had planned to pay a final...
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31 Mar
09:46Westminster gets loan note extension until May 2021Security services company Westminster said it had received support from noteholders to extend the maturity date of its convertible secured loan notes to 1 May 2021. The decision was made in view...
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31 Mar
09:43Xpediator expects demand to remain 'sufficiently robust' amid Covid-19 crisisFreight management group Xpediator said it expected demand for its services to remain 'sufficiently robust' though with more volatility amid the Covid-19 crisis. The company said activity levels...
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31 Mar
09:39Dewhurst scraps guidance, dividend under review amid Covid-19 pandemicIndustrial component supplier Dewhurst scrapped its guidance and said its decision to maintain its dividend would ultimately depend on the length and severity of business disruption and the outlook...
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31 Mar
09:17Midatech Pharma terminates treatment development programme; CEO leavesOncology and rare diseases focused Midatech Pharma said it had decided to terminate the development of a treatment for hormonal-related disorders due to funding pressures. The company also said...
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31 Mar
09:03Northern Bear warns on earnings, citing wet weather, Covid-19 crisisBuilding services group Northern Bear said it expected to report a fall in annual earnings, owing to wet weather and the Covid-19 pandemic. Adjusted operating profit for the year through March...
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31 Mar
09:00Hikma Pharmaceuticals wins ruling to sell, make generic version of Amarin's heart drugGeneric pharmaceutical company Hikma Pharmaceuticals said a U.S. ruled that patents covering Amarin's heart drug were invalid, paving the way for the company to sell generic versions of the drug....
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31 Mar
08:50Sabien Technology furloughs more than 85% of its workforceEnergy saving group Sabien Technology said it had furloughed all non-essential staff in response to the coronavirus crisis. 'Increasingly, customers do not want third party contractors to visit...
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31 Mar
08:47AA cancels dividend to preserve cash amid Covid-19 pandemic; profit more than doublesRoadside assistance company AA cancelled its dividend to preserve cash amid the Covid-19 pandemic and reported annual profit more than doubled. The company suspended its final dividend, and said...
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31 Mar
08:46Marlowe trading in line; says business model positions it favourablySafety and compliance company investor Marlowe said it expected to perform in line with expectations for the financial year just ended, despite increasingly challenging conditions in recent weeks....
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31 Mar
08:00Capital & Regional in talks with retail customers behind on rent; ramps up focus on liquidityShopping Centre owner Capital & Regional said it had received just half of its second-quarter rent, below its typical collection rate from retailers customers. The company also said its main...
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31 Mar
07:50St Modwen Properties scraps 2019 final dividend; says balance sheet 'strong'Regeneration specialist St Modwen Properties scrapped its 2019 final dividend, having recently decided to pause all housebuilding and on-site marketing activity amid the Covid-19 pandemic. The...
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31 Mar
07:45Morgan Advanced Materials scraps final dividend as sales slideSpecialist product manufacturer Morgan Advanced Materials scrapped its final dividend as part of cost savings measures designed to buffer its business from the Covid-19 crisis. The company said it...
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31 Mar
07:41Falanx reports rise in new orders amid 'strong' trading in cybersecurity divisionCybersecurity company Falanx said it had received about £1m of new orders amid 'strong trading' in its cybersecurity division between December and mid-February. 'These wins are significant as...
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31 Mar
07:40Severn Trent sees no material change to performance since JanuaryWater utility Severn Trent said there had been no material change to its performance since it issued a trading update at the end of January. Severn Trent said it still expected to deliver a...
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31 Mar
07:34WPP suspends final dividend, share buybackAdvertising company WPP said it had suspended its final dividend and share buyback due to pressure on its financial performance exerted by the Covid-19 pandemic. The final dividend would remain...
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31 Mar
07:32De La Rue maintains guidance as turnaround efforts continueBanknote printer De La Rue maintained its guidance and said it continued to make progress with its turnaround plan. Adjusted operating profit for the financial year 2019-to-2020 was expected to...
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31 Mar
07:27Smiths delays separation of medical business; won't pay interim dividendEngineering company Smiths said it had delayed a demerger of its medical division indefinitely and would not pay an interim dividend due to uncertainty caused by Covid-19. Smith said the spin-off...
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31 Mar
07:19Rotork scraps final dividend having shut factories in Italy, IndiaFlow control and instrumentation group Rotork scrapped its final dividend amid cost saving measures implemented to cushion the impact of the Covid-19 pandemic on its business. The company had...
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31 Mar
07:17Harvest Minerals yet to see impact on operations from Covid-19 pandemic as orders rise 150%Harvest Minerals said it had yet to see an impact on operations from the Covid-19 pandemic as the wet season in Brazil was a traditionally quieter period for the company. The company reported a...
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31 Mar
07:11Shell warns of up to $800m first-quarter impairment charge due to oil price fallRoyal Dutch Shell warned it expected to post net impairment charges in the range of $400m-to-$800m in the first quarter following a slump in oil prices caused by the Covid-19 pandemic and a price...