French luxury group Hermes reduces proposed dividend over coronavirus
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PARIS (Reuters) - French luxury goods group Hermes said on Monday it has decided to trim its planned 2020 dividend to shareholders in response to the coronavirus outbreak.The French government has put pressure on big French companies to ditch their dividends in order to keep cash in their businesses and has banned firms seeking state financial aid from making payouts to shareholders until the crisis is over.Hermes said in a statement it had sufficient cash reserves available to maintain the..