FIH's AGM update this morning reflects the scale of the challenge posed by Covid, but also suggests that with steady improvement taking place in the two more severely impacted businesses, FIH is weathering the storm. Despite the impact of lockdown on museums, galleries and, indeed, FIH's ferry business based in Portsmouth, cash has been held at pre-Covid levels. We view this as a real achievement, dependant on strong working capital controls and effective financial management. As we approach ....
17 Sep 2020
WHI First Light: FIH Group (FIH) - AGM update suggests steady improvement notwithstanding challenges
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
WHI First Light: FIH Group (FIH) - AGM update suggests steady improvement notwithstanding challenges
FIH Group plc (FIH:LON) | 230 0 0.0% | Mkt Cap: 28.8m
- Published:
17 Sep 2020 -
Author:
Nick Spoliar -
Pages:
5
FIH's AGM update this morning reflects the scale of the challenge posed by Covid, but also suggests that with steady improvement taking place in the two more severely impacted businesses, FIH is weathering the storm. Despite the impact of lockdown on museums, galleries and, indeed, FIH's ferry business based in Portsmouth, cash has been held at pre-Covid levels. We view this as a real achievement, dependant on strong working capital controls and effective financial management. As we approach ....