UK’s economy shrank by 2.6 per cent in November
The gross domestic product of Britain fell by 2.6 per cent for November last year, according to latest data from the Office of National Statistics. This is the first step towards a double dip recession for the UK economy. The month’s ...
- January 15, 2021 09:42 PM AEDT
- Hina Chowdhary
Gunvor Clinches Big Oil Deal with Russia’s Rosneft
Gunvor, one of the world's largest independent commodities trading houses, has won a big tender for the first time in eight years from Russia’s largest oil firm Rosneft. The Switzerland-based trading house is expected to carry out large volum...
- January 15, 2021 09:39 PM AEDT
- Hina Chowdhary
FTSE 100 likely to open lower as investors turn skeptical over recovery
UK stock markets are likely to open lower on Friday, 15 January, as investors’ confidence has been once again fazed by the concerns over the global economic recovery. Most of the European nations are proceeding ahead with tighter restrictions w...
- January 15, 2021 08:51 AM GMT
- Team Kalkine
Sunak under pressure to extend pandemic support measures
Rishi Sunak, chancellor, British exchequer has come under pressure from various lobby groups to offer more Covid support to the UK businesses. Government figures are likely to confirm that the nation is under a double-dip recession with many busine...
- January 15, 2021 08:30 AM GMT
- Team Kalkine
Rio Tinto (LON: RIO) Inks Deal with Meridian Energy to Keep Tiwai Point Smelter Operational Till 2024
Summary Rio has signed a new agreement with Meridian Energy to keep the Tiwai Point aluminium smelter operational until 31 December 2024. In 2020, the company had expressed its intention to wind down the operations of the NZAS and subsequently ...
- January 15, 2021 07:00 AM GMT
- Team Kalkine
How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?
The Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian...
- January 15, 2021 05:20 PM AEDT
- Kunal Sawhney
Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues
The market leader in the online advertising business, Alphabet-owned Google, has completed the health device producer Fitbit's acquisition worth USD 2.1 billion. Image source: pixabay The mega-company announced it on 14 January 2021. The ...
- January 15, 2021 03:50 PM AEDT
- Team Kalkine
Xiaomi shares slip after the US investment ban
Cranking up pressure on Beijing, the United States’ Department of Defence has blacklisted nine Chinese companies, including Xiaomi Corporation. The US investors would be barred from investing in the alleged “Communist Chinese military c...
- January 15, 2021 03:41 PM AEDT
- Team Kalkine
What’s Inside Joe Biden’s US$1.9 Trillion Coronavirus Rescue Package?
A long-raging presidential battle packed with a series of overturning events appears to be finally over, and Joe Biden is expected to take oath as the US President in a public ceremony on 20 January 2021. However, before assuming his office, Joe Bi...
- January 15, 2021 02:24 PM AEDT
- Kunal Sawhney
The spotlight on Affirm and its bearing on the Market
BNPL sector got a momentum ever since the beginning of the pandemic. The concept of 'Buy Now Pay Later' is clicked during a period when consumers were facing financial crunch and prefer to pay in instalments rather than making payment in one go. Th...
- January 15, 2021 01:36 PM AEDT
- Kunal Sawhney
Real Estate & Mining Shares Lifted FTSE 100 Higher by 0.84%; Just Group Stock Rallied 19.29%
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.20 points or 0.32 per cent higher at 3,822.04, Dow Jones Industrial Average Index expanded by 142.21 points or 0.46 per cent higher at 31...
- January 15, 2021 12:43 AM GMT
- Team Kalkine
Real Estate & Mining Shares Lifted FTSE 100 Higher by 0.84%; Just Group Stock Rallied 19.29%
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.20 points or 0.32 per cent higher at 3,822.04, Dow Jones Industrial Average Index expanded by 142.21 points or 0.46 per cent higher at 31...
- January 14, 2021 06:27 PM GMT
- Team Kalkine
What are the major steps taken by Persimmon to increase its forward sales during 2020?
Summary Persimmon Plc had reported its FY20 revenue to drop by 8.8% to around £3.33 billion. The forward sales of the Company had increased by 25% year-on-year to £1.689 billion for FY20. The average weekly sales rate per site grew...
- January 14, 2021 03:21 PM GMT
- Kunal Sawhney
Christmas Cheers for Retailers: Tesco (LON: TSCO), Dunelm (LON: DNLM) post strong sales
Summary Lockdowns continue to fuel growth for retailers like Tesco and Dunelm. The retailers recorded huge sales in the run-up to Christmas season, banking upon their online presence. The retail sector always looks forward to the festive s...
- January 14, 2021 03:18 PM GMT
- Hina Chowdhary
AB Foods (LON: ABF) revenue fell with Primark sales down 30 per cent
Summary Revenue down for the retail segment, but up for grocery, sugar and agriculture The group foresees minimal impact of the post-Brexit changes on its business Revenue of the food processing and retailing MNC Associated British F...
- January 14, 2021 01:01 PM GMT
- Kunal Sawhney
