Advertisement
UK markets open in 5 hours 28 minutes

  • NIKKEI 225

    37,917.55
    -542.53 (-1.41%)
     

  • HANG SENG

    17,201.27
    0.00 (0.00%)
     

  • CRUDE OIL

    82.68
    -0.13 (-0.16%)
     

  • GOLD FUTURES

    2,329.30
    -9.10 (-0.39%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,758.59
    -1,817.69 (-3.39%)
     

  • CMC Crypto 200

    1,393.30
    -30.80 (-2.16%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Sonova sees partial recovery in H1, announces job cuts

Reuters
·1-min read
FILE PHOTO: Logo of Swiss hearing aid maker Sonova is seen in Staefa

(Reuters) - Sonova <SOON.S>, the world's biggest hearing aid maker, said on Monday it would close some stores and cut jobs as it expects its first-half results to only partially recover from the effects from the COVID-19 pandemic.

The pandemic hit hearing aid makers worldwide as many of their customers are over 70 and have been isolating at home to avoid catching COVID-19, the flu-like infection caused by the virus.

The Swiss company said it expects first-half sales to drop 25-35% with single-digit earnings before interest, taxes and amortization (EBITA) margin at constant exchange rates.

Sonova added it remains cautious about a recovery in the second half of the year due to a rise in infections in several markets and the impact of recession on overall demand.

Research and development activities will continue according to plan, the company said.

(Reporting by Zuzanna Szymanska in Gdansk; Editing by Shri Navaratnam and Kim Coghill)