Coronavirus impact: 6 April - interest holidays and another fund raise looms
A much anticipated fund raise from one hitherto high-flyer and an interest holiday from a pawnbroker is the latest Covid-19 induced business adaptation
Yu Group: grim reading and very challenging outlookFull year results for the year to 31 December 2019 from business utility supplier Yü Group PLC (LON; YU.), make for grim reading and the short term outlook is clearly very challenging. While revenue increased 38% £111.6m, the group still incurred a pre-tax loss of £5.9m, although this was an improvement on the prior year’s £9.6m. Contracted revenue for 2020 of £79.5m at the period end offers some reassurance, but many of the group’s SME customers are likely to be experiencing significant upheaval in the current climate, with management assessing that 43% are…