Shares in Carnival plc fell more than 10% in London following the news that the group would issue both dent and equity plus suspend dividend payments to combat the negative effects of the coronavirus pandemic.
However, the shares remained well above their 52 week low despite the sharp fall today.
At 14.19 local time, shares in Carnival plc traded 10.9% down since the opening at £8.10 after hitting a session’s low of £7.74. Even given this sharp decline, the shares are off their 52-week low of £6.06.
The FTSE100 index of leading shares on the London market was 0.8% higher at the same.
Trading in New York in the shares of Carnival Corporation would start at 14.30 UK time.
