Pandemic wipes £1billion off Disney’s quarterly profits as it is forced to close parks, cancel cruises and delay film and TV productions By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Disney is planning to reopen its lucrative theme parks after the coronavirus crisis … Read more
Virgin Money saw its underlying profits slashed by nearly 60 per cent in the first half, as it braces itself for a spate of bad loans triggered by the pandemic. The group admitted that around 12,000 of its credit card customers, or 1.2 per cent, were already seriously in arrears by three months or more … Read more
Sainsbury’s defers £160m dividend as profits remain flat despite pre-lockdown sales rush By Tom Witherow For The Daily Mail Published: 21:51 BST, 30 April 2020 | Updated: 22:25 BST, 30 April 2020 Sainsbury’s has deferred a £160million dividend and cancelled bonuses despite its supermarkets being ‘busier than Christmas’ in the week before lockdown. Bosses said … Read more
Lloyds Banking Group saw its first quarter profits practically wiped out as the financial impact of the coronavirus pandemic mounts. The bank. which is Britain’s biggest lender, saw its first quarter profits plummet by 95 per cent, from £1.6billion to £74million. The lender has been forced to set aside a whopping £1.43billion to cover the … Read more
Sainsbury’s predicts loss of more than £500m profits this year as it reports 2% drop in quarterly profits of £586m The supermarket saw underlying pre-tax profits to £586million to March 7 £500m coronavirus hit will be offset by grocery sales and business rate relief Food sales have exploded in the past six weeks and busier … Read more
Profits at Adidas slump 93% as it reports more than half of its business still at a standstill By Daily Mail City & Finance Reporter Published: 22:17 BST, 27 April 2020 | Updated: 22:17 BST, 27 April 2020 Profits at Adidas slumped 93 per cent as it reported that more than half of its business … Read more