Amazon Bonus Bonanza: Will Other Online Retailers Follow the Suit?
Summary Amazon has revealed its plan to give a special bonus of $300 and $150 to its frontline full-time and part-time employees, respectively The company will be spending a total of $2.5 billion, close to £1.84 billion in 2020 by giving ...
- November 27, 2020 11:42 AM GMT
- Hina Chowdhary
UK tier system: How badly will it impact the pubs?
Summary The new tier system will be replacing the second lockdown in England next week. PM Boris Johnson has unveiled the arrangements for Christmas in the UK allowing the families to celebrate together. Though retail stands to benefit from th...
- November 27, 2020 10:38 AM GMT
- Hina Chowdhary
PM faces revolt from MPs as England put under toughest COVID curbs
Summary Most of the nation to be under two toughest level measures when the lockdown ends MPs to vote for the regulations on Monday, 70 Tories may refuse to back the PM It has emerged that almost 99 per cent of England’s popu...
- November 27, 2020 09:59 AM GMT
- Kunal Sawhney
Oxford Covid-19 vaccine faces questions after dosing error
Though the recent back-to-back advancements in the development of a vaccine seemed to have enhanced the visibility of a silver lining in the fight against Covid-19 (SARS-CoV-2) virus, the hope of getting a clinically-approved vaccine remains bleak un...
- November 27, 2020 09:11 AM GMT
- Kunal Sawhney
Mitchells & Butlers (LON: MAB) axes 1,300 jobs, posts loss of £123 million in FY20
Summary Mitchells & Butlers has made approximately 1,300 workers redundant in the FY20 The company has reported a net loss of £123 million for FY20 on the back of lower revenues due to the pandemic Its share price plunged more than 4...
- November 26, 2020 05:47 PM GMT
- Team Kalkine Media
FTSE AIM Index Ended in Green; Crude Oil Prices Dipped from Seven-month Highs
European News: The London market traded in the red, whereas the European market traded in the green. As the second lockdown hits the UK, the workers on furlough are at the highest level since June 2020. Rishi Sunak states that the UK’s record b...
- November 26, 2020 05:09 PM GMT
- Team Kalkine Media
FTSE 100 Oscillates in Red as Government Announces Its New Covid-19 Rules
UK stock markets traded in the negative territory after starting marginally higher on Thursday as the government announced its new rules for the upcoming days in wake of the pandemic. The headline index FTSE oscillated between a range of 6,412.65 and...
- November 26, 2020 04:39 PM GMT
- Hina Chowdhary
What factors led to strong omnichannel segment growth of Pets at Home Group PLC?
Summary Pets at Home Group Plc has reported total revenue growth of 5.1% during H1 FY21. The omnichannel division has witnessed revenue growth of 65.8% to £77.1 million. The number of subscription customers has increased by 22% year on y...
- November 26, 2020 04:27 PM GMT
- Kunal Sawhney
Future group (LON: FUTR) to acquire comparison website Gocompare
Magazine and website publisher Future plc has agreed to an offer from GoCo Group plc to buy its subsidiary Gocompare.com, a financial services comparison website, for £594 million in a cash and shares takeover. Both the companies have announced...
- November 26, 2020 04:23 PM GMT
- Hina Chowdhary