Drinks giant Diageo (DGE) says it could lose up to £200million this year from coronavirus as the outbreak impacts sales throughout Asia. The Gordon’s ginmaker said demand has been knocked across greater China, where the outbreak started.
Disney CEO Bob Iger has been abruptly replaced as the head of the iconic company. The former weatherman said he would be stepping down from his $47.5million-a-year job as CEO and was appointed executive chairman, effective immediately.
Wagamama owner Restaurant Group (RTN) has said it plans to close up to 90 restaurant sites by the end of next year. The dining firm said the closures will impact sites across its leisure portfolio, which includes the Frankie & Benny’s brands.
Bookmaker William Hill (WMH) saw pre-tax profits fall by just over half to £96.5million last year as stricter government regulations on gambling in the UK took effect.
Embattled fashion group Ted Baker (TED) is axing 160 roles as it sets its sights on further cost cuts amid falling sales and dwindling profits.
The company behind railway station and airport chains including Upper Crust and Caffe Ritazza has confirmed the impact from the coronavirus outbreak is severely hitting parts of its business.
Lloyds Banking Group (LLOY) will axe 780 full-time branch jobs, according to Unite. The High Street banking giant, which incorporates Lloyds, Halifax and Bank of Scotland, has been cutting back on branches in recent years, with 56 closures announced at the end of last month.
Metro Bank (MTRO) scales back branch openings amid £130m loss. It will start slowing down its branch openings across the country, as it looks to cut costs and return to profit.
