Half Year Results 

Equiniti shredded as dividends dry up

Equiniti shredded as dividends dry up

Even prior to the pandemic, the commercial outlook for Equiniti(EQN) was already clouded by market volatility, weakening interest rates, and the prospect of worsening trade relations between the US and China. But the subsequent withdrawal of more than £38bn of dividend payments by UK-listed businesses nearly wiped out net earnings for the tech-focussed finance and administrative services provider, sending the shares into a tailspin on results day.

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