Company News 

GVC scraps dividend as sports cancellations bite

GVC scraps dividend as sports cancellations bite

GVC (GVC) will save £103m after electing to cancel its interim dividend, which was due for payment in April. The owner of Ladbrokes Coral has been forced into sweeping measures to slash its cash outflow after the coronavirus outbreak threw the sporting calendar into chaos, prompting the suspension and cancellation of events, along with the closure of its retail outlets.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now