The Financial Conduct Authority (FCA) has stepped in to protect shareholder rights as it introduces measures to help listed companies withstand from the fallout of coronavirus. In an announcement on 8 April, the regulator acknowledged that many companies would turn to capital markets to raise money and recover from the crisis. As a result, the […]
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As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing its approach to executive and employee remuneration. Boards have difficult decisions to make and getting […]
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The chair of the European Confederation of Directors Associations (ECODA) has urged boards to embrace ESG in the fightback against coronavirus and the economic chaos which will likely follow the pandemic. In an open letter, chair Jan Wesseldijk explained it is the responsibility of companies to contribute to the survival of the economy, noting that […]
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An increasing number of UK-listed companies are cutting or suspending dividend payments in order to preserve cash and protect their balance sheets in response to the economic impact of coronavirus. The suspension of dividends will be a real worry for income-dependent investors such as pension funds. Companies that have suspended dividends include Crest Nicholson, Elementis, […]
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