FirstGroup’s plans to sell the iconic Greyhound buses hit a pothole and Haidilao’s results give a warning of how tepid the recovery will be for restaurants everywhere. Catch up with the latest financial insights from Breakingviews here:
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.FirstGroup’s plans to flog its iconic U.S. Greyhound and yellow school buses have hit a coronavirus-shaped pothole. The UK transport operator’s shares fell more than 15% on Wednesday after it flagged concerns about its future given the plunge in passenger numbers and the uncertainty over lockdowns.
1 billion pounds of net debt, nearly 3 times pre-crisis EBITDA, FirstGroup can’t afford too long a delay. . Haidilao has served up a grim warning of what’s to come for investors in sit-down restaurant chains. The $25 billion Chinese hotpot purveyor let down analysts with a profit warning on Tuesday, forecasting a net loss of roughly 900 million yuan to 1 billion yuan for the first six months of 2020. That compares to a 911 million yuan profit for the same period last year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Corona Capital: Green recovery, Payments, CyclingFrom Breakingviews: Chancellor Rishi Sunak finds some extra pennies to make UK buildings more efficient and Halfords’ cycling boom doesn’t quite offset a motoring bust. Catch up with the latest financial insights
Read more »
Corona Capital: Disney/“Hamilton”, U.S. housingConcise views on the pandemic’s corporate and financial fallout: “Hamilton” reinvigorates Walt Disney’s digital-download challenge, and America’s stay-at-home rules may mean there’s pent-up demand for real estate and home improvement.
Read more »
Corona Capital: Texas hold itConcise views on the pandemic’s corporate and financial fallout: The iconic State Fair of Texas has been canceled as coronavirus cases in the region soar. The decision adds some $500 mln to the Lone Star State’s economic and human toll from the pandemic.
Read more »
Breakingviews - Corona Capital: Virgin in Oz, UK splurge, Bank M&AFrom Breakingviews: Bain Capital’s Virgin Australia rescue runs into turbulence and British finance minister Rishi Sunak prepares another spending spree. Catch up with the latest financial insights
Read more »
Government divisions add to corona-ravaged Sweden’s woesIn coronavirus-battered Sweden, there's a new crisis — a crumbling government
Read more »
Breakingviews - Corona Capital: Virgin in Oz, UK splurge, Bank M&AFrom Breakingviews: Bain Capital’s Virgin Australia rescue runs into turbulence and British finance minister Rishi Sunak prepares another spending spree. Catch up with the latest financial insights
Read more »