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Tag: slump
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.
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.
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.
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