Edition:
India

Yadarisa Shabong

SIG to take on CD&R as investor via £150 million equity raising

29 May 2020

Building materials supplier SIG Plc on Friday announced plans to raise 150 million pounds ($185 million) in new capital as it reported an annual loss and warned of a revenue hit this year.

UPDATE 2-SIG to take on CD&R as investor via 150 mln stg equity raising

29 May 2020

* PwC finds issues in 2019 forecasting process (Adds PwC investigation, shares, analyst comments)

British Land defers rents as losses leap above 1 billion pounds

27 May 2020

Mall and office owner British Land has conducted a series of rent deferrals and cancellations to help the company and its tenants ride out the coronavirus crisis, it said after annual losses soared to 1.1 billion pounds ($1.36 billion).

UPDATE 2-British Land defers rents as losses leap above 1 bln pounds

27 May 2020

May 27 Mall and office owner British Land has conducted a series of rent deferrals and cancellations to help the company and its tenants ride out the coronavirus crisis, it said after annual losses soared to 1.1 billion pounds ($1.36 billion).

Manchester United revenues suffer as players sidelined

21 May 2020

Manchester United withdrew its annual financial targets and estimated it lost around 23 million pounds ($28 million) in revenue in the third quarter as the coronavirus crisis brought the Premier League and European soccer competitions to a halt. | Video

Compass raises 2 billion pounds as pace of recovery in question

19 May 2020

Compass Group raised 2 billion pounds ($2.5 billion) of new capital on Tuesday at a hefty discount to its market value, seeking to reduce debt as the coronavirus crisis threatens to force a scaling back of the world's largest catering company.

Compass may raise more funds as coronavirus crisis roils catering industry

18 May 2020

Compass Group may announce plans to raise more funds on Wednesday as the world's largest caterer seeks to ride out the coronavirus crisis with an eye on potential small acquisitions and growing non-core businesses like cleaning, analysts say.

Lakeside owner Intu seeks debt standstills to avoid default

18 May 2020

Struggling mall operator Intu Properties Plc warned on Monday it would likely breach its debt commitments at the end of June due to falling rental payments and will seek standstill agreements with creditors to ride out the coronavirus crisis.

UPDATE 2-Lakeside owner Intu seeks debt standstills to avoid default

18 May 2020

* Brokerage Liberum says co will collapse without govt aid (Adds shares, analyst comment, background)

Royal Mail CEO Back quits as board promises to spur change

15 May 2020

Royal Mail Chief Executive Rico Back stood down on Friday after two years in charge marked by battles with unions over a proposed 1.8 billion pound ($2.2 billion) restructuring plan for the former UK postal monopoly.

World News