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Wood Group says demand is improving after oil and energy Covid slump

Wood Group says demand is improving after oil and energy Covid slump
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Xeros Technology Group PLC in demand after deal with Spanish giant

Xeros Technology Group PLC in demand after deal with Spanish giant
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Family restaurants boosted by unexpected Covid side-effect

From Monday, pubs and restaurants will be allowed to serve alcohol indoors in all areas of Scotland, apart from Moray and Glasgow, until 10.30pm. Cate Devine finds out how the pandemic has helped some independent family restaurants seize the initiative from the big chain restaurants RESTAURANT chains come and go in normal times but the effects of Covid-19 have been exceptionally devastating for hospitality. Some of the best-known restaurant groups are feeling the pinch or facing closures and redundancies. As more people worked from home in a bid to contain the spread of the virus and many offices, galleries, libraries, cinemas, theatres and concert halls remained empty or operated at vastly reduced capacity, city centre chains suffered from lack of footfall – while local or neighbourhood independents appear to have a better chance of thriving now lockdown restrictions are easing.

Wood Group axes final dividend as oil service firm swings to loss : CityAM

Shell suffers major loss as pandemic hits oil demand

Oil giant Royal Dutch Shell has swung to a $19billion (£14.5billion) annual loss as the pandemic hammers global demand for oil. Profits fell by 87 per cent to around £289million in the final three months of 2020, against over £2billion the previous year.  But, Anglo-Dutch Shell has vowed to hike its dividend for investors, and said it would up payouts by 4 per cent to 17.35 cents a share in the first quarter of this year. Oil giant Royal Dutch Shell saw its profits in the final three months of last year slump by 87 per cent Michael Hewson, chief analyst at CMC Markets UK, said: Whichever way you look at it these numbers are disappointing, lower production volumes, reduced cash flow and a rise in net debt, and while chief executive Ben van Buerden may point to a extraordinary year pointing to implementing tough but decisive actions, the reality is there s not a lot to cheer in these numbers.  

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