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FTSE 100 turns flat over Brexit uncertainty, fading vaccine optimism, and a low services PMI
Stock Market

FTSE 100 turns flat over Brexit uncertainty, fading vaccine optimism, and a low services PMI

Summary UK stock market trades flat as Brexit trade agreement uncertainty weighs FTSE fails to sustain Covid-19 vaccine approval gains in the morning deals UK services PMI dropped to below 50 level for the first time since June 2020 UK st...

  • December 03, 2020 12:48 PM GMT
  • Team Kalkine
Wizz Air (LON: WIZZ) Creates New Base at Cardiff Airport
Consumer Stocks

Wizz Air (LON: WIZZ) Creates New Base at Cardiff Airport

Summary Wizz Air will build a new permanent base at Cardiff Airport creating 40 direct and 250 indirect jobs Cardiff is the latest addition to the list company’s existing four bases in the UK including Gatwick, Doncaster, Sheffield, Birmi...

  • December 03, 2020 11:24 AM GMT
  • Team Kalkine
TUI AG (LON: TUI) secures a rescue package for €1.8 billion
Market updates

TUI AG (LON: TUI) secures a rescue package for €1.8 billion

Summary The funding includes a sum of €509 million through a deeply discounted rights issue It will provide sufficient liquidity reserves to the group   The Anglo- German travel company TUI AG has struck a deal on its third bail...

Zephyr Energy (LON: ZPHR) granted final approvals for its State 16-2 well
Oil and Gas Stocks

Zephyr Energy (LON: ZPHR) granted final approvals for its State 16-2 well

  Zephyr Energy PLC had provided an update on its Paradox project where it is preparing to begin with the drilling of the 'dual-use' State 16-2 well before the end of this year. The company made an announcement that it has been granted with ...

Is Covid-19 Vaccine Approval Hasty? FDA Commissioner Defends the Delay
Healthcare Stocks

Is Covid-19 Vaccine Approval Hasty? FDA Commissioner Defends the Delay

Summary In a first, the UK has swiftly approved the Pfizer-BioNTech developed coronavirus vaccine The drug regulators across various nations including the US and the EU’s basket of countries are working on expediting the approval process ...

Lady Green to Pay £50 Million Into Pensions Deficit of Arcadia Group
Retail Stocks

Lady Green to Pay £50 Million Into Pensions Deficit of Arcadia Group

In a move to bridge the pension deficit gap of Acradia Group, Lady Tina Green has said she would pay £50 million cash, which was not due for another 10 months. Lady Green, the wife of Sir Philip Green, was the official owner of the retail co...

British factories record fastest growth in 3 years
Economy

British factories record fastest growth in 3 years

The UK Manufacturing Purchasing Managers’ Index (PMI) climbed to 55.6 in November, up from 53.7 in October, bringing cheer for the sector. However, the downturn in employment for the sector continued for the tenth consecutive month, revealed ...

Pires Investments (LON: PIRI) makes a big foray into cryptocurrency
Stock Market

Pires Investments (LON: PIRI) makes a big foray into cryptocurrency

Summary Pires Investments has entered into a share purchase agreement with DeTech Studio Ltd for 1,765 new ordinary shares representing 16 per cent of the latter’s equity value. The company has also entered into a YOP token agreement with...

  • December 03, 2020 07:19 AM GMT
  • Team Kalkine
Big tech firms making an exit: Is Silicon Valley losing its sheen?
World News

Big tech firms making an exit: Is Silicon Valley losing its sheen?

Silicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p...

FTSE 100 Rallied by 1.23% After UK Regulators Approved Pfizer-BioNTech Vaccine Rollout; Pound Falls Against Dollar
Market updates

FTSE 100 Rallied by 1.23% After UK Regulators Approved Pfizer-BioNTech Vaccine Rollout; Pound Falls Against Dollar

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 4.50 points or 0.12 per cent lower at 3,657.95, Dow Jones Industrial Average Index dipped by 56.61 points or 0.19 per cent lower at 29,767.31,...

  • December 02, 2020 04:50 PM GMT
  • Team Kalkine
Tri-Star Resources (LON: TSTR) gets AGM approval to delist from AIM market
Metals and Mining

Tri-Star Resources (LON: TSTR) gets AGM approval to delist from AIM market

Summary 9 December will be the last day of dealings in its ordinary shares of Tri-Star Resources Plc The company had announced that a joint venture for investment in Strategic & Precious Metals Processing LLC requires it to delist from the ...

  • December 02, 2020 04:38 PM GMT
  • Team Kalkine
What made Grafton Group to acquire wooden staircase maker for £44 million?
Industrial Stocks

What made Grafton Group to acquire wooden staircase maker for £44 million?

Summary Grafton Group Plc has reported a revenue increase of 4.7% for the four months ended on 31 October 2020. The Company will acquire StairBox Ltd. for £44 million in cash and on a debt-free basis. The Company is expecting its adjuste...

Tier-Based System Goes Live, Boris Faces Tory Rebellion
Economy

Tier-Based System Goes Live, Boris Faces Tory Rebellion

The tier-based lockdown plans proposed by the British Government have finally received the approval from the parliamentarians in the House of Commons on 1 December. The new rules, which were implemented from 2 December, were supported by 291 votes ...

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