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BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms
World News

BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms

Spain’s Banco De Sabadell and BBVA have put their merger on hold following disagreements on the financial terms of the deal. It was one of the major deals in the banking sector in the EU this year. The markets have not taken this news well, f...

Amazon Bonus Bonanza: Will Other Online Retailers Follow the Suit?
Retail Stocks

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 ...

UK tier system: How badly will it impact the pubs?
Covid-19

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...

PM faces revolt from MPs as England put under toughest COVID curbs
Covid-19

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...

Royal Bank of Scotland Warns Online Selling Scams Could Peak on Black Friday
Economy

Royal Bank of Scotland Warns Online Selling Scams Could Peak on Black Friday

With the increase in online commerce in the last few months of pandemic, the frauds and scams are on the rise in the country. Several banks have been receiving complaints from their customers that they have bought and pre-paid for a product online ...

  • November 27, 2020 09:47 AM GMT
  • Team Kalkine
Oxford Covid-19 vaccine faces questions after dosing error
Covid-19

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...

CMA To Restrict Powers of US Tech Giants Google and Facebook in the UK
Economy

CMA To Restrict Powers of US Tech Giants Google and Facebook in the UK

In a bid to bring a level playing field for smaller firms and curb the unfair market for consumers, the UK is going to impose a new competition regime in 2021 that will restrict the power of the tech giants such as Google and Facebook. The new cod...

UK to replace RPI with CPIH as a measure of inflation from 2030
Economy

UK to replace RPI with CPIH as a measure of inflation from 2030

Britain has finally decided to bring in a major reform in its financial system. It has been decided that the Retail Price Index, an inflation measure that has been in use in the country since 1947, will finally be replaced with the Consumer Price...

Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod
World News

Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod

Current US President Donald Trump said in a recent interview that he would peacefully leave the White House if president-elect Joe Biden gets voted for by the Electoral College. Mr Trump had not previously admitted anything related to his defeat i...

US online real estate player Compass plans to go public
World News

US online real estate player Compass plans to go public

Compass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and...

Mitchells & Butlers (LON: MAB) axes 1,300 jobs, posts loss of £123 million in FY20
Consumer Stocks

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
FTSE AIM Index Ended in Green; Crude Oil Prices Dipped from Seven-month Highs
Market updates

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
FTSE 100 Oscillates in Red as Government Announces Its New Covid-19 Rules
Stock Market

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...

What factors led to strong omnichannel segment growth of Pets at Home Group PLC?
Consumer Stocks

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...

Future group (LON: FUTR) to acquire comparison website Gocompare
Consumer Stocks

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...

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