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What Led Entain’s Two Gambling Companies Report Contrasting Result
March 06, 2021 02:42 AM GMT| By Suhita PoddarSource: Nejron Photo, Shutterstock Summary Two UK-based gambling companies, William Hill and Ladbrokes, owned by Entain PLC reported a drop in retail business due to the Covid-19 crisis. While William Hill’s profits fell sharply, Ladbrok...
How has Essentra managed to remain profitable during 2020 amid the Covid-19 pandemic?
March 05, 2021 01:34 PM GMT| By Team Kalkine Media> ESNT will pay the FY20 final dividend of 3.3 pence per share on 01 June 2021. Essentra PLC (LON: ESNT) is the LSE listed industrial stock. ESNT’s shares have generated a return of approximately negative 12.21% in the last 12 months. The...
What Does US Withdrawal of Tariffs on UK Exports Mean for Spirit Stocks?
March 05, 2021 01:10 PM GMT| By Suhita PoddarSource: P A, Shutterstock Summary The US has withdrawn retaliatory tariffs on exports from the UK, which was imposed by former president Donald Trump. The US had imposed 25% tariff on several exports from the UK in 2019. The move will be a br...
What led Goldman Sachs raise its crude price forecast?
March 05, 2021 12:32 PM GMT| By Team Kalkine MediaThe oil markets seem to have bounced back from a year of pandemic-led crisis. Further upgrading its price target for crude oil in 2021, Goldman Sachs has lifted its Brent crude price forecast to US $75 for the second quarter this year and has incre.....
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3 FTSE 100 Stocks Trading at Discount to Explore
March 05, 2021 11:04 AM GMT| By AbhijeetSource: ShutterstockProfessional, Shutterstock Summary Covid-induced mini crashes in the capital markets have critically trembled the valuations of companies and the securities floated by them. FTSE 100 has amassed a gain of more than 11 per c...
Government asks Boohoo (LON: BOO) to link senior staff bonuses to its climate goals
March 05, 2021 10:23 AM GMT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary The EAC committee has asked the company to link its remuneration incentives to environment and sustainability improvements. Mahmud Kamani, Chairman of Boohoo, has agreed to deliver on the promises m...
Why did Wipro Ltd buy UK-based Capco in a $1.45-bn deal?
March 05, 2021 09:38 AM GMT| By AbhijeetSource: Piotr Swat, Shutterstock Summary Wipro Ltd has said it has acquired UK-based management and technology consultancy firm Capco in a deal worth $1.45 billion. Capco is expected to help Wipro scale up its business activities and add $700...
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Why Amazon opened a just walk-out store in the UK
March 05, 2021 09:33 AM GMT| By Suhita PoddarSource: Nopparat Khokthong, Shutterstock Summary e-commerce giant Amazon opened its Amazon Fresh grocery store in Ealing, West London, without tills to support a contactless shopping experience for customers. It is the first-of-its-kind physic...
Is FTSE-100 listed Melrose Industries going to sell the Nortek Air Management business?
March 04, 2021 04:34 PM GMT| By Team Kalkine MediaSource: JomNicha, Shutterstock Summary Melrose Industries PLC had reported a decline of 20.03% in statutory revenue during FY20. MRO had reported a reduction of 27% in its aerospace division revenue during FY20. MRO had generated an adjusted...
CMA To Probe into Apple’s App Store Over Complaints from Software Developers
March 04, 2021 04:25 PM GMT| By Team Kalkine MediaSource: Peshkova,Shutterstock Summary The Competition and Markets Authority has decided to launch an antitrust probe into Apple’s app store. According to various software developers, Apple follows a rigorous approval.....
JD Wetherspoon To Open Beer Gardens From 12 April
March 04, 2021 01:57 PM GMT| By AbhijeetSource: IsabellaO, Shutterstock Summary JD Wetherspoon Plc (LON: JDW) on Thursday, 4 March, announced its plans to open beer gardens. Shares of JD Wetherspoon continued to trade in the negative territory after the announcement. Wa...
How Aviva Announced Dividend Pay-Outs Despite Lower FY 2020 Profits
March 04, 2021 10:09 AM GMT| By Suhita PoddarSource: wutzkohphoto, Shutterstock Summary UK-based life insurance giant Aviva PLC announced a final dividend declaration for FY 2020 on 4 March after reporting a 1 per cent fall in annual profits. The insurance company also announced its exit...
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Budget 2021: Why Pub Businesses Are Unhappy with Rishi Sunak’s Grants
March 04, 2021 09:05 AM GMT| By AbhijeetSource: create jobs 51, Shutterstock Summary Chancellor Rishi Sunak announced relief measures for the hospitality sector in Budget 2021. Pubs and breweries stocks responded positively to announcements; most stocks moved up. However, industry...
Budget 2021: How Can the Contactless Limit Increase Help the Retail Sector?
March 04, 2021 09:01 AM GMT| By Suhita PoddarSource: Freedomz, Shutterstock Summary British Finance Minister Rishi Sunak announced an increase on the contactless payment limit from £45 to £100 in a bid to boost the retail sector. Sunak said the UK is no longer required to adh...
Rishi Sunak’s Budget 2021 Boost Real Estate Sector, Most Stocks Up
March 03, 2021 04:12 PM GMT| By Suhita PoddarSource: godshutter, Shutterstock Summary British Finance minister Rishi Sunak announced extended stamp duty holiday till June end for homes till £500,000. Sunak also announced a new 95 per cent sovereign-backed mortgage guarantee scheme....
How Hospitality Stocks Reacted to Sunak’s Budget Announcement
March 03, 2021 04:09 PM GMT| By Suhita PoddarSource: HAKINMHAN, Shutterstock Summary UK Finance Minister Rishi Sunak announced continued business rates holiday until June, extension of furlough schemes, a new set of restart grants and others to support the hospitality sector in this year&...
Will Simon Thompson’s Resignation from Rio Tinto’s Board Help It Rebuild Its Image?
March 03, 2021 11:11 AM GMT| By Suhita PoddarSource: Inc, Shutterstock Summary Simon Thompson, Chairman of Rio Tinto Plc, has decided to step down from the board. Thompson said he was accountable for the company’s call to destroy Australian indigenous sites in a bid to expand iron...
Persimmon plc (LON: PSN) releases robust performance with strong housing demand
March 03, 2021 11:07 AM GMT| By AbhijeetSource: TFoxFoto, Shutterstock Summary Persimmon plc delivered a profit before tax of £784 million for FY 2020 ending 31 December. The leading UK housebuilder handed over a dividend of 110p per share to its shareholders. The company sai...
What Does the Latest Kantar Analysis Say About UK’s Online Shopping Trends?
March 03, 2021 10:39 AM GMT| By Suhita PoddarSource: William Potter, Shutterstock Summary Kantar said online grocery sales accounted for a record 15.4 per cent of market share in the four weeks to 21 February, from 8.7 per cent in 2020. British supermarket giant Tesco’s market shar...
3 FTSE 100 stocks resume dividend payouts despite lower FY2020 profits
March 02, 2021 03:02 PM GMT| By Team Kalkine MediaSource: Andrii Yalanskyi, Shutterstock Summary Taylor Wimpey, Croda International and Intertek Group resumed dividend payouts after reporting their FY 2020 results on 2 March. Taylor Wimpey plans to disburse a tot...
