Coronavirus impact: Video gaming continues to deliver
Many companies are continuing to struggle in the lockdown. Staff furloughs and equity raises are helping them scrape through the challenges, but many will not come through the carnage unscathed. But many remain cash generative and their operations are in high demand, meaning dividends can still be paid. It will be interesting to see who the long term winners will be.
Nexus: big gestures from senior managementThe provider of utilities connections and smart energy infrastructure, Nexus Infrastructure (LON:NEXS), has provided a further update on the impact of the pandemic on its business. 713 employees, representing 87% of its workforce, have been furloughed. The majority of these are in its Tamdown business, which has furloughed 97% of its employees reflecting the major housebuilders' moves to close construction sites. Senior management are also making meaningful sacrifices with founder and CEO Michael Morris taking a 100% reduction in salary and non-Executive Directors and the CFO taking a 50% reduction in fees or salary. Other higher paid…