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Musk’s Tesla (NASDAQ: TSLA) to Become S&P 500 Constituent in One Step in December
Consumer Stocks

Musk’s Tesla (NASDAQ: TSLA) to Become S&P 500 Constituent in One Step in December

To what it seems good news for Tesla investors, the S&P Dow Jones Indices has decided to induct California-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) to the S&P 500 in a unified step in December as against the previous deli...

  • December 01, 2020 12:13 PM GMT
  • Team Kalkine
OptiGene’s ‘No-swab’ coronavirus test found to be highly sensitive
Covid-19

OptiGene’s ‘No-swab’ coronavirus test found to be highly sensitive

An evaluation of OptiGene’s RT-LAMP Covid-19 tests carried out by NHS trusts and universities has confirmed its high sensitivity to the virus. The British government has also confirmed that the technical and clinical assessment of the tests wer...

  • December 01, 2020 11:57 AM GMT
  • Team Kalkine
Main economic boost from vaccines to follow later: BoE
Economy

Main economic boost from vaccines to follow later: BoE

Silvana Tenreyro, policymaker, Bank of England said that the principal economic boost from the ongoing vaccination progress would only come once the Covid-19 vaccines are rolled out in the market. She added that the BoE needed to watch out for any pr...

Lloyds Bank’s Horta-Osório proposed as next chairman of Credit Suisse
Financial Stocks

Lloyds Bank’s Horta-Osório proposed as next chairman of Credit Suisse

Summary Credit Suisse has proposed António Horta-Osório, Lloyds Banking Group outgoing CEO, as its new chairman Horta-Osório will replace Urs Rohner who will step down in 2021 after serving Credit Suisse for 12 years The b...

FTSE 100 leaps 12% in November, what’s expected in December?
Stock Market

FTSE 100 leaps 12% in November, what’s expected in December?

Stock markets across the world from New York to London to Tokyo have witnessed a raging run in November with their respective stock indices registering sharp gains on the back of a number of issues mainly due to vaccine arrival optimism. Almost all s...

Ailing Caffè Nero rejects bid from Issa Brothers ahead of creditors meet
Market updates

Ailing Caffè Nero rejects bid from Issa Brothers ahead of creditors meet

Summary The company has rejected an offer from Issa brothers, asking the creditors to help out the solution The company said the Issa brothers offer was not suitable for the company and its stakeholders The coffee shop chain has also asked for...

Royal Dutch Shell Plc (LON: RDSA) Faces First Court Hearing in Climate Change Case
Oil and Gas Stocks

Royal Dutch Shell Plc (LON: RDSA) Faces First Court Hearing in Climate Change Case

Summary Shell is going to face a Dutch court in a climate case filed by environmentalists and human rights organisations The environmentalists have demanded that the company should slash its reliance on fossil fuels Shell has pledged to cut do...

  • December 01, 2020 07:27 AM GMT
  • Team Kalkine
Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
Cryptocurrency

Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?

Bitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past, ...

UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
World News

UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk

Arcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail...

  • December 01, 2020 04:18 AM GMT
  • Team Kalkine
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
World News

Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy

Pharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1...

R&Q Re Ltd has signed an agreement to acquire a Vermont Bermuda-domiciled captive insurance company
Financial Stocks

R&Q Re Ltd has signed an agreement to acquire a Vermont Bermuda-domiciled captive insurance company

Summary This is the third acquisition of a captive insurance company by R&Q this year, whose clients are spread across the North America However, the deal is subject to a regulatory approval So far this year, the company has entered into s...

FTSE AIM Index Inched Higher by 1.11%; Gold & Crude Oil Prices Traded Lower 
Market updates

FTSE AIM Index Inched Higher by 1.11%; Gold & Crude Oil Prices Traded Lower 

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 37.72 points or 1.04 per cent lower at 3,600.63, Dow Jones Industrial Average Index decreased by 401.29 points or 1.34 per cent lower at 29,50...

  • November 30, 2020 04:59 PM GMT
  • Team Kalkine
Petropavlovsk (LON: POG) Hire Alexandrov of Highland Gold as The New CEO
Metals and Mining

Petropavlovsk (LON: POG) Hire Alexandrov of Highland Gold as The New CEO

Denis Alexandrov, a highly experienced professional in mining and natural resources, has been appointed as the Chief Executive Officer (CEO) as well as a Director of Petropavlovsk PLC (LON: POG). Mr Alexandrov will be taking charge from 1 December 20...

FTSE 100 On Track to Post Best Month Of 2020 So Far
Stock Market

FTSE 100 On Track to Post Best Month Of 2020 So Far

UK stock markets have witnessed a higher number of positive trading sessions in the present calendar year with the key stock index FTSE 100 on track to register the best month of the coronavirus pandemic-led 2020. The aftermath of coronavirus has kep...

Why is Bodycote undergoing various restructuring activities?
Industrial Stocks

Why is Bodycote undergoing various restructuring activities?

Summary Bodycote Plc has reported a revenue contraction of 18.0% for the ten-months period ended on 31 October 2020. The Company has witnessed a significant restructuring activity in its AGI business segment. The Company has announced the paym...

Unilever’s (LON: ULVR) share price jumps after it completes unification plans
Consumer Stocks

Unilever’s (LON: ULVR) share price jumps after it completes unification plans

Consumer goods giant Unilever has announced that it has completed the unification process of its legal structure. The group had a dual-headed legal structure since it was created in 1930 and now it will operate under one single parent company, Unil...

Missed Black Friday Sale? Here are Cyber Monday Deals 2020 in the UK
Economy

Missed Black Friday Sale? Here are Cyber Monday Deals 2020 in the UK

The Black Friday is the Friday after Thanksgiving Day, but if by chance you miss shopping on that day, Cyber Monday falls on the following Monday and showcases mostly tech-related deals. The tradition of Cyber Monday has its roots in the United State...

  • November 30, 2020 01:00 PM GMT
  • Team Kalkine
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