Coronavirus impact: 24 April - trench coats to surgical gowns via travel
A huge variety of updates today from several groups whose businesses are being severely impacted by the current crisis and one company benefiting from a boom in activity.
Dart Group: short term challenges but a long term winner? Dart Group (LON:DTG), a bizarre mix of leisure travel and logistics, reassured with its latest trading update, with little suggestion that investors should be panicking, despite the awful short term outlook. The good news is that management now expects to report pre-exceptional pre-tax profit for the financial year ended 31 March 2020 of between £265m - £270m, up 49% on the prior year. However, due to its Jet2.com and Jet2holidays operations currently being suspended for an indeterminate period of time, it will record an exceptional charge of £109m relating to ineffective…