Ford set to reopen European factories
(Sharecast News) - Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
Read more(Sharecast News) - Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
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Read more(Sharecast News) - Property consultant Altus calculates that, of the £11bn in business rates relief granted in England, about £3bn will go to food retailers. A bailout package meant to prop up businesses facing closure is filling the supermarkets' coffers even as they enjoy record sales. Tensions were raised last week when Tesco, the biggest beneficiary, said it would pay a final dividend of £635m for 2019-20, about 15% higher than the City had expected. Chief executive Dave Lewis reminded critics that it related to performance before the virus drove food-buyers to the supermarkets. He also said that measures to keep Tesco running during the crisis would result in extra costs of £650m-£925m. - Sunday Times
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Read more(Sharecast News) - The Covid-19 coronavirus is severely impacting consumer and business behaviour and threatens to erase around $100bn in global full-year revenues from the automotive industry with UK car sales having already fallen 44.4% in the key month of March.
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Read more(Sharecast News) - Ti Fluid Systems: Citigroup downgrades to neutral with a target price of 140p.
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Read more(Sharecast News) - TI Fluid Systems saw revenues and profits slip last year, as it warned of uncertain times ahead because of the coronavirus outbreak.
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Read more(Sharecast News) - Genus shares hit a fresh record high on the back of an update from sausage skin manufacturer Devro which reported that its factory in Nantong, China, had returned to normal production.
Read more(Sharecast News) - Car sales in China - the world's biggest auto market - tumbled 80% last month, as moves to contain the coronavirus outbreak emptied showrooms and wiped out sales.
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