BUSINESS LIVE: Pizza Express to close 67 restaurants; BP cuts dividend in half; Easyjet raises flight capacity; Diageo profits slide
BP has slashed its dividend payout to 4p per share. This is the first time it has cut the payment since the Deepwater Horizon disaster, after the company’s profits were squeezed by a drop in the price of oil.
Easyjet has said it is operating more flights than previously planned due to demand exceeding expectations.
The airline is expanding its schedule to 40 per cent of normal capacity between July and September, up from 30 per cent predicted in June.
Diageo, the world’s largest spirits maker, reported a bigger-than-expected decline in sales on as demand for its whiskeys, vodka and gin fell in all markets except North America.
The Johnnie Walker whisky maker reported an 8.4% drop in organic sales for the year to 30 June.