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UK’s economy shrank by 2.6 per cent in November
Economy

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 ...

Gunvor Clinches Big Oil Deal with Russia’s Rosneft
World News

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...

FTSE 100 likely to open lower as investors turn skeptical over recovery
Market updates

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
Covid-19

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
Metals and Mining

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?
Commodities

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...

Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues
World News

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
World News

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?
World News

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...

The spotlight on Affirm and its bearing on the Market
World News

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...

Real Estate & Mining Shares Lifted FTSE 100 Higher by 0.84%; Just Group Stock Rallied 19.29%
Market updates

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%
Market updates

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?
Infrastructure and Real Estate

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...

Christmas Cheers for Retailers: Tesco (LON: TSCO), Dunelm (LON: DNLM) post strong sales
Retail Stocks

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...

AB Foods (LON: ABF) revenue fell with Primark sales down 30 per cent
Retail Stocks

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...

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