The John Lewis Partnership has handed staff a token 2 percent bonus, the lowest award since 1953, despite profits slumping by a quarter and the new chairman saying that a turnaround could take three to five years.
ITV (ITV) warned that airlines and travel companies had cut their advertising spending sharply in response to the coronavirus outbreak.
Shareholders in Intu Properties (INTU) Properties face being wiped out after the owner of some of Britain’s biggest shopping centres was forced to scrap a £1.5 billion emergency fundraising.
Profits at Aviva (AV.) rose by 6 per cent last year to £3.2 billion as the insurer posted gains in life and general insurance.
The resuscitation of Capita (CPI), once the giant of the British outsourcing industry, is proving more difficult, taking longer and costing more money, its chief executive has admitted.
A row has broken out between James Benamor and Amigo Holdings (AMGO) after the founder of the troubled guarantor loans business claimed the company was “committing slow-motion suicide”.