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John Menzies axes 17,500 jobs amid travel slump

2020-03-27 18:28:56| BBC News | Business | UK Edition

The aviation services firm says it is cutting costs to mitigate the effects of the coronavirus outbreak on its business.

Tags: travel jobs john amid

 

Pernod Ricard prepares for profits slump in fiscal-2020 - trading update - comment

2020-03-24 13:02:00| Daily beverage news and comment - from just-drinks.com

Pernod Ricard has revised its outlook for the current fiscal year, with operating profits expected to tumble by around 20%.

Tags: comment update trading profits

 
 

Twitter warns of Q1 operating loss on advertising slump during pandemic

2020-03-24 08:42:00| Telecompaper Headlines

(Telecompaper) Twitter has warned of lower revenues and an operating loss in the first quarter, as the Covid-19 outbreak dampens advertising revenues. The company said it was withdrawing its previous guidance in the first quarter as well estimates for expenses, stock-based compensation, headcount and capital expenditures for the full year due to the growing impact of the pandemic on the economic climate and advertiser demand.

Tags: advertising loss operating warns

 

Seismic Firm Polarcus Project Cancellations Highlight Oil Price Slump

2020-03-23 13:50:31| OGI

Polarcus Ltd., which operates ships that search for offshore oil and gas, announced two project cancellations on March 23 that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.

Tags: price project firm oil

 

US Lawmakers Ask Interior To Cut Offshore Oil Royalty Rates Due To Market Slump

2020-03-20 21:50:36| OGI

The economic fallout of the outbreak combined with a price war between major oil producer nations Saudi Arabia and Russia has triggered a slump in crude oil prices that threatens the once booming U.S. drilling industry.

Tags: due market rates cut

 

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