March 26, 2020 / 5:17 PM / in 8 days

Howden Joinery suspends share buyback, dividend on coronavirus hit

March 26 (Reuters) - Howden Joinery Group on Thursday suspended its share buyback and dividend, and said it was reopening some of its depots due to greater clarity from the government on coronovirus-related guidelines.

The British kitchen appliance company, which had earlier shut all its depots in Europe, said it has withdrawn outlook for the rest of the current fiscal year and was taking steps to preserve cash.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi

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