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Industrial
Boeing Co Initiates Widespread Layoffs Amid Cost-Cutting Measures
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,2,500 Layoff Notices Issued:,Boeing has notified 2,500 employees across the US, primarily in Washington and South Carolina, as part of a plan to cut 17,000 jobs.,Wider Cost-Cutting Strategy:,The layoffs are part of a broader initiative to...
Bodycote Reports Resilient Performance Amid Sector Challenges
November 19, 2024 11:23 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth:,Revenues rose by 1% to £643 million in the first ten months of 2024.,Falling Energy Costs:,Energy surcharge reductions contributed positively, easing cost pressures by £27 million.,Profitability on Target:,Full-year margin...
British Airways IT Glitch Causes Widespread Delays at Heathrow
November 19, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,IT System Glitch Causes Delays:,A British Airways technical issue disrupted operations at Heathrow, delaying flights by 1-2 hours.,No Flights Cancelled:,Despite the chaos, British Airways confirmed that all flights continued as planned.,S...
Brickability Group PLC set to release half-year financial figures
November 19, 2024 08:55 PM AEDT| By Team Kalkine MediaHighlights:,Brickability Group to release half-year financial results,: The company is set to announce its performance for the first half of the year on November 26, 2024.,Virtual presentation scheduled,: A virtual session will be held to present and...
RELX PLC Increases Commitment to Share Buyback Program
November 19, 2024 05:27 AM AEDT| By Team Kalkine MediaHighlights:,RELX PLC repurchases 76,400 ordinary shares, adding to treasury stock.,The total number of shares held in the treasury now exceeds 47 million.,This share buyback reflects management's confidence in the company's financial strength.,RELX P...
Melrose Rally Helps Prop Up FTSE Amid Waning Trump Trade
November 18, 2024 10:46 PM AEDT| By Team Kalkine MediaHighlights:,FTSE 100 gains 0.2% as Melrose soars after a positive update, despite industry-wide supply chain challenges.,Concerns over US inflation and debt dampen enthusiasm for the "Trump trade," leading to caution in markets.,B&M European Value dr...
FirstGroup CFO Acquires Shares, Reflecting Confidence in Company’s Outlook
November 18, 2024 09:50 PM AEDT| By Team Kalkine MediaHighlights:,FirstGroup announces that Executive Director and CFO, Ryan Mangold, has acquired 109 shares under the company’s Share Incentive Plan.,The shares were purchased at a price of £1.3797 each on the London Stock Exchange, reflecting confidence...
Halma Strengthens Portfolio with Acquisition of Lamidey Noury
November 18, 2024 09:33 PM AEDT| By Team Kalkine MediaHighlights:,Halma acquires Lamidey Noury Medical, a Paris-based maker of medical technology devices, for €50 million.,Lamidey Noury specializes in electrosurgical devices for minimally invasive procedures in urology, gynecology, and general surgery.,...
Three Important Insights on Begbies Traynor, Melrose, and Judges Scientific
November 18, 2024 08:49 PM AEDT| By Team Kalkine MediaHighlights:,Begbies Traynor,reports a 16% increase in pre-tax profits, despite ongoing UK economic challenges.,Melrose,shows resilience in the aerospace sector with a 7% increase in revenues, anticipating significant growth in FY26.,Judges Scientific...
Halma Poised for Steady Growth in Upcoming Half-Year Results Amid Challenging Market Conditions
November 15, 2024 08:45 PM AEDT| By Team Kalkine MediaHighlights:,Consistent Delivery Expected,:,Halma PLC (,LSE:HLMA,) is set to,showcase,organic revenue growth, margin expansion, and strong cash flow in its upcoming half-year results.,Healthcare Orders Under Scrutiny,:,Market observers will focus on u...
Melrose Industries Eyes Long-Term Growth Amid Short-Term Headwinds
November 15, 2024 08:10 PM AEDT| By Team Kalkine MediaHighlights:,Strong Cash Flow Potential,:,Broker Citi forecasts Melrose Industries' free cash flow could reach £450-£550 million by 2028, significantly higher than market consensus.,Undervalued Aerospace Assets,:,Citi views Melrose’s Airbus A350 wing...
BAE Systems Announces £25 Million Artillery Equipment Factory in Sheffield
November 15, 2024 07:50 PM AEDT| By Team Kalkine MediaHighlights:,New Factory Announcement,:,BAE Systems (,LSE:BAE,) will invest £25 million in a new Sheffield facility focused on artillery equipment production.,Job Creation,:,The project is set to create 50 highly skilled jobs, boosting local,employmen...
Trump Administration Plans to Repeal EV Tax Credit, Shaking Up Auto Industry
November 15, 2024 04:35 AM AEDT| By Team Kalkine MediaHighlights:,EV Credit Repeal on the Horizon:,Trump’s transition team moves to end the $7,500 EV tax credit, a key component of Biden’s Inflation Reduction Act.,Mixed Impact on EV Market:,Tesla could gain relative advantage, but rivals like Rivian may...
FirstGroup Upgrades Full-Year Outlook and Launches £50 Million Share Buyback
November 15, 2024 04:11 AM AEDT| By Team Kalkine MediaHighlights:,Upgraded Forecast and Share Buyback:,FirstGroup announces a £50 million share buyback and upgrades its full-year outlook, boosting investor confidence.,Bus and Rail Growth:,Expanding bus operations and robust performance in UK open-access...
Etihad Unveils $1 Billion Retrofit Initiative Amid Industry Aircraft Shortages
November 15, 2024 02:35 AM AEDT| By Team Kalkine MediaHighlights:,$1 Billion Retrofit Investment,: Etihad plans to refurbish 50 Boeing 787 and 777 jets, addressing new aircraft shortages.,Significant Profit Surge,: Etihad reported a 66% increase in post-tax profit, reaching $368 million for the first ni...
What Risks Could Be Hiding in Costain Group's Unexpected Stock Movement?
November 13, 2024 08:47 PM AEDT| By Team Kalkine MediaHighlights,Costain Group PLC operates in the UK’s infrastructure and construction sector, focusing on engineering and technology solutions.,Recently, its share price surpassed the 200-day moving average, indicating market interest.,Trading volume for...
Rolls-Royce Faces Backlash Over Prolonged Engine Servicing Delays Impacting Major Airlines
November 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Extended Servicing Times:,Rolls-Royce's Trent 1000 engine maintenance delays have increased from 90 to 120 days, affecting airline schedules globally.,Airlines Cut Routes:,British Airways and Virgin Atlantic have reduced flight schedules...
Facilities by ADF Warns of Profit Hit Amid Production Delays, Shares Plummet 40%
November 13, 2024 03:15 AM AEDT| By Team Kalkine MediaHighlights:,Production Delays Impact Results,: Facilities by ADF cites ongoing delays in TV and film projects, driven by uncertainty around the UK’s Autumn Budget and the upcoming US election.,Full-Year Revenue Guidance Lowered,: The company forecast...
What’s Behind the Recent Surge in Support for Thruvision?
November 12, 2024 09:47 PM AEDT| By Team Kalkine MediaHighlights,Thruvision, a body scanning equipment manufacturer, is strengthening its financial position with backing from key shareholders.,Schroders and Pentland are contributing to a new fundraising initiative, supporting Thruvision’s growth in secu...
BAE Systems Reiterates Upgraded Full-Year Outlook Amid Strong Global Defence Demand
November 12, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Upgraded Full-Year Guidance Maintained,: BAE Systems confirmed its previously upgraded forecasts, projecting 12% to 14% growth in both sales and underlying pre-tax earnings.,Resilient Demand for Defence Products,: Strong global defence sp...
AI on the Rise: A Look at Top AI Companies and Their Stocks