Brief: Touchstar Says It Intends To Maintain Employment Of All Staff For As Long As Is Practicable

Touchstar

01/04/2020 08:23

April 1 (Reuters) - Touchstar PLC  TSTT.L :
    * TOUCHSTAR PLC - Q1 TRADING WAS BROADLY ON BUDGET WITH
GROWTH
FROM CONTINUING BUSINESSES UP 40% COMPARED TO Q1 OF LAST YEAR
    * TOUCHSTAR PLC - GIVEN CURRENT AND LIKELY IMPACTS OF
CORONAVIRUS
WE ARE NOW PLANNING FOR PROLONGED UNCERTAINTY.
    * TOUCHSTAR PLC - IMPOSSIBLE TO PROVIDE CLARITY ON OUTLOOK
FOR
WEEKS AND MONTHS AHEAD
    * TOUCHSTAR PLC - INTEND TO MAINTAIN EMPLOYMENT OF ALL STAFF
FOR
AS LONG AS IS PRACTICABLE.
    * TOUCHSTAR PLC - HAVE SEEN A REDUCTION IN NEW BUSINESS
ENQUIRIES
AND ARE PLANNING THAT THIS RATE OF DECLINE WILL INCREASE.
    * TOUCHSTAR PLC - STILL HAVE OUTSTANDING ORDERS TO SHIP TO
CUSTOMERS OVER COMING MONTHS.

Source text for Eikon:  ID:nRSA3000Ia 
Further company coverage:  TSTT.L 

 ((Reuters.Briefs@thomsonreuters.com;))