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Buffett’s Affinity with Barrick Gold to Give Further Push to Precious Metal Investment
October 08, 2020 06:34 PM BST| By Team Kalkine MediaSummary Berkshire Hathaway has put more than US$ 500 million in Barrick Gold Corp Greatland Gold has delivered a price return of more than 1000 per cent in the past one year Market experts believe that Gold can breach US$ 3,000 per ounce given.....
Mike Ashley’s Frasers Group Gets Investors Support for Staff Bonus Scheme
October 08, 2020 04:26 PM BST| By Team Kalkine MediaSummary Frasers Group announced a staff bonus scheme that could be worth in excess of £100 million In 2017, the company had last made a bonus payout to 2,000 of its employees of £43 million Investors voted in favour of the staff bo.....
UK House Prices at Highest Since 2016: Stock performance of Rightmove (LON: RMV) & Barratt (LON: BDEV)
October 08, 2020 10:47 AM BST| By Team Kalkine MediaSummary In September 2020, house prices in the UK rose at their fastest annual pace since June 2016. In a separate data from the ONS, the average UK house prices reached a new high of £238,000 in July. ONS said that the value of property.....
Top 5 Upcoming Dividends Stocks One Should Be Looking to Build Portfolio
October 07, 2020 05:44 PM BST| By Hina ChowdharySummary Businesses have started reinstating dividend payment with the gradual development in the economic activities Economic activities across the UK have picked up pace, and a major QoQ improvement in the performance is widely expected There.....
Quick Update on Two Basic Materials Stocks - Altus Strategies & Strategic Minerals
October 07, 2020 05:38 PM BST| By Kunal SawhneySummary Altus Strategies announced the start of the drilling programme at Lakanfla gold project in Western Mali. The drilling programme includes 18 holes of 3,800 metres that would be funded by Marvel Gold Limited. Strategic Minerals announced.....
BP and Shell share prices at 25-year low: Does this call for investment in oil stocks?
October 07, 2020 04:05 PM BST| By Team Kalkine MediaSummary In early October 2020, the share prices of BP and Shell hit their lowest levels in 25 years. Recent increase in Covid-19 infections globally has fueled fears of a fall in demand for energy. Lower demand for oil has resulted in considera.....
Premier Oil Plc to Be Taken Over by Chrysaor Holdings Ltd in A Reverse Takeover Deal
October 07, 2020 02:53 PM BST| By Team Kalkine MediaSummary The management of Premier Oil Plc under the pressure of heavy debt and mounting pressure from creditors has agreed to be taken over by privately held Chrysaor Holdings Ltd. The deal paves the way for Chrysaor Holdings Ltd to have an ind.....
Toyota and Nissan ask UK reimburse tariffs if Brexit talks fail
October 07, 2020 12:06 PM BST| By Kunal SawhneySummary Japan’s Toyota Motor and Nissan Motor have asked the UK government to cover the 10 per cent duty in case Britain fails to reach an FTA with the EU This would increase the pressure on PM Boris Johnson prior to the upcoming summit w.....
Are buy-to-let investors fleeing the UK property market?
October 06, 2020 07:38 PM BST| By Team Kalkine MediaSummary Due to the latest statistics on capital gains, a majority of long time buy-to-let investors saw an opportune time to sell. Many landlords are benefiting by selling their assets after thinking that the buy-to-let property market has rea.....
Cineworld’s Temporary Closure in The US and UK To Result in Almost 45,000 Job Losses
October 06, 2020 04:02 PM BST| By Kunal SawhneySummary The Entertainment sector is due for more job redundancies, Cineworld’s temporary suspension of its theatres in the UK and the US could lead to downsizing of its workforce by nearly 45 thousand Lack of new blockbuster releases and .....
Octopus Energy’s new data science and AI centre to create 1000 jobs
October 06, 2020 04:00 PM BST| By Kunal SawhneyTech unicorn Octopus Energy Ltd., a pioneer in the sustainable energy sector, has announced its plans to create a new technology hub focusing on data science and artificial intelligence (AI) headquartered in Manchester. The company official.....
Needle Moving on Two Consumer Stocks: Watches of Switzerland Group & Mulberry Group
October 06, 2020 03:49 PM BST| By Hina ChowdharySummary Watches of Switzerland Group generated revenue of £202.7 million, which increased by 18.3 percent year on year in Q2 FY21 to date. It expects the FY21 revenue to range between £880.0 million and £910.0 million. Mulber.....
Aston Martin (LON: AML) Stock Prices Rose Marginally Despite A Weak September For The UK Car Industry
October 06, 2020 03:30 PM BST| By Team Kalkine MediaSummary Toto Wolff, 30 per cent owner and boss of Mercedes F1 team, had earlier purchased a stake in the new Aston Martin F1 project. Incidentally, other car manufacturers in the UK have done poorly in September as the car sales figures hit a 2.....
Airbus to Slash 15,000 Jobs Sighting Slower Than Expected Recovery in The Aviation Sector
October 06, 2020 03:00 PM BST| By Team Kalkine MediaEurope's largest Aircraft manufacturer Airbus has stated that the aviation industry is feeling the heat of the coronavirus pandemic on its bottom lines. The company has made an announcement this week that they would be going ahead with their plans .....
Guident Ltd and Cirrus Core Networks Join Forces to Mitigate Latency and Connectivity Problems for Remote Monitoring & Control of AV’s
October 06, 2020 04:52 AM BST| By Team Kalkine MediaGuident Ltd has formed a strategic partnership with Cirrus Core Networks Inc. to help it in providing advanced teleoperation for autonomous vehicles and other vehicles The alliance will seek to enhance customer safety and security by providing a r...
Walmart sells majority stake in Asda to Issa brothers and TDR for £6.8 billion
October 05, 2020 01:11 PM BST| By Team Kalkine MediaSummary The Issa brothers and TDR Capital have acquired Asda from Walmart While entrepreneur brothers Mohsin and Zuber Issa of the EG Group and TDR will have equal shareholdings, Walmart would retain a minority equity investment in Asda. Asda.....
PizzaExpress unit files for bankruptcy: Thousands of jobs at risk as Covid cloud engulfs food chains, QSRs
October 05, 2020 12:55 PM BST| By Hina ChowdharySummary A unit of Uxbridge-headquartered restaurant group PizzaExpress has filed for bankruptcy protection in the United States Earlier in September 2020, PizzaExpress had said that the restaurant group will be shutting down as many as 73 resta.....
Two Resource Stocks Trending on LSE: Alba Mineral Resources and Bezant Resources
October 05, 2020 12:00 PM BST| By Kunal SawhneySummary Alba Mineral Resources announced that it has completed four drill holes with a total vertical length of 252 metres at Clogau gold mine. It has received the extension permit to continue underground drilling until the end of October 2020......
Weir Group’s Stock Soar After Announcing the Deal with Caterpillar
October 05, 2020 10:00 AM BST| By Team Kalkine MediaSummary Weir Groups’ oil and gas unit in North America will be acquired by Caterpillar The stock price of the company jumped from GBX 1,280 on October 2, to GBX 1,600.00 intraday on October 5 Weir Groups focuses more on its mining unit a.....
Why is Rolls-Royce raising £5-bn despite seeing low demand due to Covid crisis?
October 04, 2020 12:00 AM BST| By Team Kalkine MediaSummary Rolls Royce is restructuring itself to effectively sail through the pandemic-led crisis It has rolled out a long-awaited financial plan to raise capital and resolve its cash crunch The company will also lay off staff and focus on power.....
