Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes’ high-performance subsidiary AMG, where he is currently chief executive. Aston Martin was struggling before the […]
Lufthansa has agreed a rescue deal worth €9bn (£8bn) with the German government that saves it from collapse. The German airline has been severely affected by a decline in travel due to the coronavirus and closed its budget airline Germanwings in April. The German government will take a 20% stake in the firm, which it intends […]
(Reuters) – Tobacco group Imperial Brands Plc (IMB.L) on Tuesday said it plans to cut its dividend by a third as it seeks to save cash and pay down debt during the COVID-19 pandemic, and expects a bigger hit from the crisis in the second half of the year. The maker of Winston and Gauloises […]
Vodafone meets expectations with a 2.6% rise in full year core earnings.
TOKYO (Reuters) – Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak. Brent crude LCOc1, which fell 24% in the previous session, touched $15.98 […]
Closures of pubs, bars and other on-trade venues is hitting the maker of Smirnoff, Johnnie Walker and Guinness but off-trade is picking up Diageo PLC (LON:DGE) has said it will pay its scheduled interim dividend today but the drinks maker put the cap on share buybacks for the rest of this year as the financial outlook […]
Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war. The cost of crude had fallen to 18-year lows as the two countries slashed prices and ramped up production. At the same time demand has been hit hard by shutdowns […]
UK Banks to stop dividends.
FTSE 100 falls after US jobless claims.
Global markets see big gains since Coronavirus impact (24/03/2020)