The Covid-19 coronavirus outbreak has forced dozens of companies to suspend plans and warn of potential impacts.
A total of 132 UK listed companies have reported on the initial impact of the virus disruption on their businesses, according to asset managers at Bowmore.
The PA news agency takes a look at what some of the biggest businesses have said so far, as firms curtail travelling or close offices, factories slow production and goods get caught up in restrictions as the outbreak takes its toll.
– International Airlines Group
The British Airways, Iberia and Aer Lingus owner has seen its shares fall more than 20% in a week. It said demand on Asian and European routes is lower and business travel across its network has fallen as industry events are cancelled and corporate travel restrictions imposed.
Budget airline EasyJet said it will be cancelling flights, particularly to and from Italy, as it adapts the airline’s schedule. The company said it will look at ways to reduce costs, including recruitment, promotion and pay freezes across the network. Shares at EasyJet have plummeted 27% in a week – one of the hardest-hit companies on the stock market.
– Associated British Foods
Primark owner Associated British Foods became one of the first major retailers to update on the impact. It said some of Primark’s lines due out this year could be delayed in shipping from China and other parts of Asia.
The oil business said all non-essential business travel to China, Hong Kong, Japan, South Korea and Singapore was suspended.
The US oil giant shut its London office in Canary Wharf as a precaution.
The Upper Crust and Caffe Ritazza operator, which has sites in airports worldwide, said sales have been hit by up to £12m (€14m) due to the closure of Chinese airports.
The Guinness and Johnnie Walker maker warned it expects a hit of up to £200m (€232m) this year from coronavirus as the outbreak impacts sales throughout Asia.
– AB InBev
The Budweiser and Corona owner said the widespread curfews and crackdowns in China are keeping beer drinkers away from bars in the evenings. It expects to take a $300m (€272m) hit from the outbreak.
– Standard Chartered
The banking services group, which focuses on Asia, said it now expects growth to be less than its medium-term targets because of the market slowdowns.
– Aston Martin
The struggling car maker takes nearly £1 in every £10 in sales from China, and warned the virus is already impacting the business in the region.
– Reckitt Benckiser
The consumer goods company said the coronavirus outbreak has helped to drive greater demand for its Dettol and Lysol hygiene products.
The pest control and hygiene business told customers it had enough hand sanitisers for the next few months, but it relies on closed Chinese factories for their supplies.
– London Stock Exchange Group
The company that operates exchanges around the world said LSE employees face travel restrictions to some countries, although the boss refused to say where.
The online gambling firm said the outbreak is expected to hit the business.
– John Menzies
The airport services operator said profits will take a hit of between £6m (€7m) and £9m (€10.4m), assuming the virus subsides by the summer. Impact has been felt hardest in Macau.
– Smith & Nephew
The hip and knee replacement specialist makes 7% of its sales in China and warned revenues for the year were dependent on the outbreak easing.
The kitchen and bathroom supplier said the virus has affected its Chinese-based suppliers.
The London-based global recruitment firm said activity in the Chinese jobs market had been hit, but said it had not affected other regions.
The huge UK tech business, which makes 5% of its revenues in China, warned sales had been knocked by the virus.