Broadcasting giant ITV saw its share price fall almost two per cent as it reported a seven per cent drop in external first quarter revenues. The broadcaster recorded a two per cent rise in advertising revenues in the first quarter but has disclosed a fall of 42 per cent in April, since the global pandemic…
Share prices turned sour for sugar manufacturer Tate & Lyle, falling 3.7 per cent at one point this week, after it revealed its latest trading update. It disclosed that while sales for its at-home store cupboard products had spiked at the beginning of April, uptake for its bulk sweeteners, used in soft drinks in restaurants,…
Fashion favourite JD Sports was kicked by the Competition and Markets Authority, which blocked its £90m takeover of competitor Foot Asylum, this week. Shares in the sports retailer fell 1.4 per cent after the news, although they have regained ground now standing at 518.20p at the time of writing. The UK watchdog has ruled that…
High street stalwart Marks and Spencer has relaxed covenants with its lenders until 2021, as it revealed that coronavirus is having a severe impact on its Clothing & Home business. The retailer also admitted it had not managed to cash in on any of the grocery boom that other supermarkets have enjoyed thanks to its…
Supermarket stalwart Sainsbury’s saw its stock hit the reduced section this week after unveiling desultory results and a warning of a possible £500m hit on profits. Shares in the supermarket giant fell almost three per cent in the wake of its full year results, now standing at 198.10p at the time of writing. While the…
Budget pub chain, JD Wetherspoons revealed it expects to be pouring pints again by the end of June, and that it has raised £141m to boost its liquidity. Share prices were up by nine per cent at one point this week, now standing at 974.22 at the time of writing. The funds have been raised…