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.
* PwC finds issues in 2019 forecasting process
(Adds PwC investigation, shares, analyst comments)
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).
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 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 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 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.
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.
* Brokerage Liberum says co will collapse without govt aid
(Adds shares, analyst comment, background)
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.