Penneys owner scraps dividend to save cash during Covid-19 crisis for retailer

The owner of Penneys-Primark retailer will not pay an interim dividend to save cash during the coronavirus crisis and has booked a £284m (€325m) charge to reflect an expected lower value of stock when its stores reopen.
Penneys owner scraps dividend to save cash during Covid-19 crisis for retailer
Tue, 21 Apr, 2020 - 19:08

The owner of Penneys-Primark retailer will not pay an interim dividend to save cash during the coronavirus crisis and has booked a £284m (€325m) charge to reflect an expected lower value of stock when its stores reopen.

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