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UK clothing sales hit hard in April as lockdown bites

2020-05-13 13:22:00| Daily apparel & textile news and comment - from just-style.com

UK retail sales have seen a year-on-year fall of 19.1% in April, the worst decline recorded since the British Retail Consortium (BRC) began its monitoring in January 1995 - with clothing, in particular, being hit hard.

Tags: april sales hard hit

Pioneer Natural Resources Boosts Spending Cuts as Oil Slump Bites

2020-05-06 23:30:00| OGI

Permian Basin shale producer Pioneer Natural Resources now expects 2020 capex between $1.4 billion to $1.6 billion, down from its prior estimates of $1.7 billion and $1.9 billion.

Tags: resources natural oil spending

TechnipFMC Cuts Executive Pay, Dividend as Pandemic Fallout Bites

2020-04-23 15:13:03| OGI

Oil services company TechnipFMC said on April 22 it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak.

Tags: pay executive cuts dividend