Sabadell owned TSB once again on the block
Summary Spanish owner of TSB is mulling over selling the UK bank Banco Sabadell, the owner, stated that it was focusing on a new strategy by prioritising its domestic Spanish business The Spanish owner of TSB has prompted speculation of se...
- November 28, 2020 11:52 AM GMT
- Kunal Sawhney
Why Indivior (LON: INDV) shares suffered a 20%-crash on Friday
Shares of Indivior, the Chesterfield-headquartered pharmaceuticals company, crashed nearly 20 per cent at the close of the trading window on Friday, 28 November after the Slough-based healthcare-to-consumer goods manufacturer Reckitt Benckiser Group ...
- November 28, 2020 10:50 AM GMT
- Hina Chowdhary
What led to Britvic extending its PepsiCo agreement by 20 years?
Summary Britvic Plc has reported a revenue contraction of 6.8% during FY20. The Company has completed the sale of three juice manufacturing sites in France. The adjusted net debt/EBITDA stood at 2.4x during FY20. The Company will make all pla...
- November 28, 2020 09:20 AM GMT
- Kunal Sawhney
England may start Covid-19 vaccine distribution within 10 days
It seems the wait to get a clinically-approved coronavirus vaccine has come to an end for the Brits as the government authorities have reportedly asked the hospitals to be prepared for the distribution of Covid-19 vaccine within next 10 days. Accord...
- November 28, 2020 08:19 AM GMT
- Hina Chowdhary
Royal Dutch Shell to close its Louisiana-based refinery
Oil and gas major Royal Dutch Shell plc (LON: RSDA) is planning to permanently shutdown its 211,146 bpd Convent refinery in Louisiana by early next week. On 5 November, the company had announced that it would be closing the refinery as it had faile...
- November 28, 2020 08:17 AM GMT
- Kunal Sawhney
Arcadia Fashion Group Working on Contingency Plan to Avert Collapse
Summary Arcadia Group said it was working on several contingency options to safeguard the future of its brands Arcadia has been struggling even before the outbreak of the coronavirus, and now the retail firm is seeking financial assistance from...
- November 28, 2020 07:48 AM GMT
- Team Kalkine Media
Renewable stocks in focus as government subsidises onshore and solar projects
The UK government has decided to double the capacity of renewable energy projects which can ask for support in the next round of subsidy auctions scheduled next year after it consented to include solar power and onshore wind projects for the first ti...
- November 27, 2020 04:37 PM GMT
- Team Kalkine Media
UK Markets’ Ended in Green; Gold Price Slipped Below $1,800 Level
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.98 points or 0.39 per cent higher at 3,643.63, Dow Jones Industrial Average Index increased by 52.05 points or 0.17 per cent higher at 29...
- November 27, 2020 03:41 PM GMT
- Team Kalkine Media
How would Amigo Holdings recover from weaker lending activity due to Covid-19 pandemic?
Summary Amigo Holdings Plc has reported a revenue contraction of 36.5% during H1 FY21. The Company has witnessed a net loan book reduction of 33.6% to £2 million during H1 FY21. The number of customers declined by 21.0% during H1 FY21. ...
- November 27, 2020 03:28 PM GMT
- Kunal Sawhney
Festive Season: Black Friday, Christmas Deals on Aldi, Tesco, Sainsbury, Asda in the UK
As we are inching closer to the final month of the year, a bunch of supermarkets, online retailers and e-commerce giants have announced flashy and lucrative deals ahead of the festivities of Christmas and year-ender holidays. Supermarkets including A...
- November 27, 2020 02:02 PM GMT
- Kunal Sawhney