United Kingdom

Aby Jose Koilparambil

CMC Markets profit soars amid March trading surge

11 Jun 2020

CMC Markets reported a surge in pre-tax profit to 98.7 million pounds ($125 million) on Thursday, up from just 6.3 million a year ago as trading firms benefit from the sharp increase in transactions due to the global equities sell-off.

UPDATE 2-Virgin Australia cuts more capacity, suspends guidance amid COVID-19 blow

13 Mar 2020

* Next debt maturity not until Oct. 2021, no covenants (Adds executive comments, information on debt)

AIA logs slowest new business growth since listing, sees virus hitting sales

12 Mar 2020

Insurer AIA Group Ltd posted its weakest pace of annual growth in new business since its 2010 listing as anti-government protests in Hong Kong dampened demand from Chinese visitors, and it warned of further headwinds from the coronavirus outbreak.

UPDATE 2-AIA logs slowest new business growth since listing, sees virus hitting sales

12 Mar 2020

* Shares down 4.4%, underperform broader Hong Kong market (Recasts and adds CEO comment)

Australian shares dip into bear market territory

10 Mar 2020

March 10 Australian stocks plunged into bear market territory on Tuesday, as rising economic risks from the fast-spreading coronavirus and a recent plunge in oil prices clouded the global economic outlook.

Australia shares fall most in over 11 years on virus fears, oil price crash

09 Mar 2020

March 9 Australian shares were hammered on Monday as investors scurried for safe havens on mounting fears of a deeper economic fallout from the rapidly spreading coronavirus outbreak, and oil prices dived more than 20%.

Air New Zealand withdraws 2020 earnings guidance due to coronavirus impact

08 Mar 2020

SYDNEY/BENGALURU Air New Zealand on Monday withdrew its full-year earnings guidance, froze hiring, offered unpaid leave to staff and said it would cut more capacity because of increased uncertainty over the duration and scale of the coronavirus outbreak.

Australia shares fall nearly 2% as virus fears strengthen grip

06 Mar 2020

March 6 Australian shares fell about 2% on Friday, tracking a sell-off on Wall Street as concerns over the rapid spread of coronavirus outbreak outside China overshadowed optimism over support from various stimulus measures worldwide.

Australia shares track Wall Street higher; markets cheer Biden's strong show

05 Mar 2020

March 5 Australian shares rose sharply on Thursday, tracking Wall Street after Joe Biden emerged as the front runner for the U.S. Democratic presidential nomination with a strong showing in the "Super Tuesday" primary contests.

UPDATE 2-NZ's a2 Milk says China demand "strong" despite coronavirus undercurrents

27 Feb 2020

* Own-brand infant nutrition product sales in China double (Adds analyst comment, background)

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