SMALL CAP MOVERS: Italian-focused Coro Energy severs ties with its chief executive

Coro Energy has introduced new cost-cutting measures to manage the severe disruption in the oil and gas market, which resulted in the ‘termination’ of chief executive James Menzies. The Italy-focused energy company offered all executive directors three options: take an unpaid sabbatical, receive three months’ notice in shares or become non-executive directors. Menzies did not … Read more

Pound falls as service and retail sectors are thrown into disarray

The pound dropped today after the latest survey figures on the economy revealed the devastation wreaked on the country’s service and retail sectors by coronavirus disruption. The service sector – which incorporates businesses like hotels, restaurants, bars, nightclubs, pubs and hairdressers – suffered the biggest drop in activity since records began in July 1996, the IHS … Read more

I hope people remember the good guys in this crisis, says Co-op boss

People before profit: Murrells has pledged free Co-op wares to food banks As the boss of the Co-op, Steve Murrells finds himself right at the centre of the response to coronavirus.  He is in charge of 60,000 staff and around 2,500 stores that are vital for keeping the nation’s fridges and cupboards stocked, but his … Read more