Opening Quote: Companies cut dividends as they wait for Sunak’s new support package 

are also pushing to ensure they can benefit from the £330bn in loan guarantees announced in Mr Sunak's first big rescue package of the week. M&S, Travis Perkins, Wetherspoons and Intercontinental Hotels Group have all this morning pulled upcoming payouts. The Bank of England has cancelled its annual stress tests for the eight major UK banks and building societies, to allow them to focus on the crisis.