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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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