Business > UK

British banks cancel dividends: what does it mean?

2 monthes ago   |   By The Week

Description
An empty street in the City of London
Credits
Ollie Millington/Getty Images Alt Text
City of London
Bank of England applies pressure to UK banks to help bolster the economy in the face of a Covid-19 recession
Reaction
William Gritten
Thursday, April 2, 2020 - 5:31am
Banks in the UK are cancelling their standard payments to shareholders - known as dividends - and are considering scrapping bonuses too, following advice by the Bank of England .
The BoE urged the move to ensure such institutions were as cushioned as they could be against the financial storm the coronavirus pandemic...
Read more ...

 


Search by Tags

   UK      City      Cities      Banking      Advice      Economy      England      Money      UK business  


End of Sunday trading laws? Plan to scrap SIX hour limit to restart economy...

End of Sunday trading laws? Plan to scrap SIX hour limit to restart economy post-COVID-19

SUNDAY trading laws could be suspended for a year under Government plans to stimulate the economy amid the coronavirus crisis. Read more ...

Coronavirus: Plan to lift Sunday trading rules to boost economy

Coronavirus: Plan to lift Sunday trading rules to boost economy

Sunday trading restrictions could be suspended for a year under government plans to kick-start the UK's coronavirus-ravaged economy. Read more ...

Newslinks for Saturday 6th June 2020

Newslinks for Saturday 6th June 2020

Economy 1) Sunday trading restrictions “to be lifted” “Sunday trading laws will be suspended for a year and cafés and pubs will be given fast-track approval to serve food and... Read more ...

Coronavirus - all you need to know as shops could open all day Sunday

Coronavirus - all you need to know as shops could open all day Sunday

Downing Street is drawing up a 'Great Recovery Bill' plans to restart the UK economy after lockdown. It could see Sunday trading laws suspended, and red tape cut so cafés and... Read more ...

Trump has reportedly ordered the military to pull thousands of US troops out...

Trump has reportedly ordered the military to pull thousands of US troops out of Germany

The White House has directed the Pentagon to pull thousands of US troops out of Germany, the Wall Street Journal reported Friday , citing US officials. The WSJ reported that... Read more ...

Boris Johnson preparing 'Great Recovery Bill' to get Britain's economy...

Boris Johnson preparing 'Great Recovery Bill' to get Britain's economy moving again

Downing Street is asking Ministers to submit ideas for reforms that would allow firms to adapt to the pandemic upheaval and be included in the Prime Minister's 'Great Recovery... Read more ...

Ray Parlour urges Arsenal boss Mikel Arteta to target one key position in...

Ray Parlour urges Arsenal boss Mikel Arteta to target one key position in transfer window

Arteta's options in the transfer market may be limited Ray Parlour has urged Arsenal manager Mikel Arteta to go out and sign a top goalscoring midfielder in the summer if... Read more ...

Park Police contradict the White House's claims that it didn't use tear gas...

Park Police contradict the White House's claims that it didn't use tear gas on protesters, admit they were 'incorrect' in saying pepper balls aren't tear gas

The US Park Police and the president repeatedly insisted this week that federal forces did not use tear gas while clearing a crowd of peaceful protesters outside the White... Read more ...

'Greatest miss in forecasting history': 4 economists and strategists react...

'Greatest miss in forecasting history': 4 economists and strategists react to Friday's surprising May jobs report

The May jobs report released Friday from the Labor Department showed the US economy gained 2.5 million jobs and the unemployment rate declined to 13.3%. It was a major surprise... Read more ...

Washington DC paints huge 'Black Lives Matter' mural on street leading up to...

Washington DC paints huge 'Black Lives Matter' mural on street leading up to White House

A massive "Black Lives Matter" mural was painted on the street in Washington, DC, on the same road leading up to White House and the church where President Donald Trump posed... Read more ...