Chemicals giant Johnson Matthey yesterday halved its final payout to shareholders, costing them £60m, as it became the latest blue chip company to cut costs amid the coronavirus crisis.
The footwear and accessories retailer, will sell ‘We Are One’ tote bags (Joan Collins is pictured with one), T-shirts and face masks, profits from which will also be donated.
Secretary of State Mike Pompeo – the chief foreign affairs adviser to President Donald Trump – joined British politicians in criticising the bank for its stance on Hong Kong.
Unite has informed EU Commissioner for Competition Magrethe Vestager that it intends to act as a third party to oppose the deal, which was struck between Iberia and Air Europa last year.
The economy has started to recover. But according to the Organisation for Economic Cooperation and Development, Britain still faces the deepest recession in the developed world this year.
The firm’s dive into the red during the six months to March 31 came after the values of its properties dropped by £300m. Just a year ago, it had reported a profit of £38.7m.
The British Business Bank has had to grow up very fast in the pandemic. It was thrust to centre stage when Chancellor Rishi Sunak rolled out assistance for small and medium sized firms.
The company said it planned to raise £657m through a shares placing, including an offer to small investors, and about £350m by issuing convertible bonds due in 2027.
The sportswear firm will also open its high street and so-called ‘open air’ stores in Northern Ireland from 12 June, but shopping centre sites will remain closed.
The turmoil sent London’s FTSE 100 index 2.1 per cent, or 136.87 points, lower to 6335.72, while the Dow Jones industrial average in New York also slid on the opening.