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Online Delivery Company Deliveroo To Have a London IPO
IPO

Online Delivery Company Deliveroo To Have a London IPO

Source: OneSideProFoto, Shutterstock Summary Deliveroo would be listing its shares on the London Stock Exchange. The company’s expected valuation is around US $7 billion based on its US$ 180-million-fundraise. The company’s listin...

FTSE 100 Slides as European Shares Footstep Asian Equity Rout
Market updates

FTSE 100 Slides as European Shares Footstep Asian Equity Rout

Source: Copyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 fell nearly 1 per cent on Thursday, 4 March, tracking the stocks sell-off in Asian markets Losses in London were mostly higher due to a partial dejection amidst the investo...

How Aviva Announced Dividend Pay-Outs Despite Lower FY 2020 Profits
Financial Stocks

How Aviva Announced Dividend Pay-Outs Despite Lower FY 2020 Profits

Source: wutzkohphoto, Shutterstock Summary UK-based life insurance giant Aviva PLC announced a final dividend declaration for FY 2020 on 4 March after reporting a 1 per cent fall in annual profits. The insurance company also announced its exit...

Budget 2021: Why Pub Businesses Are Unhappy with Rishi Sunak’s Grants
Consumer Stocks

Budget 2021: Why Pub Businesses Are Unhappy with Rishi Sunak’s Grants

Source: create jobs 51, Shutterstock Summary Chancellor Rishi Sunak announced relief measures for the hospitality sector in Budget 2021. Pubs and breweries stocks responded positively to announcements; most stocks moved up. However, industry ...

Budget 2021: How Can the Contactless Limit Increase Help the Retail Sector?
Retail Stocks

Budget 2021: How Can the Contactless Limit Increase Help the Retail Sector?

Source: Freedomz, Shutterstock Summary British Finance Minister Rishi Sunak announced an increase on the contactless payment limit from £45 to £100 in a bid to boost the retail sector. Sunak said the UK is no longer required to adh...

Did banking stocks lift FTSE 100 higher by 0.93%; Barratt Developments Stock Surged by 7.07%
Market updates

Did banking stocks lift FTSE 100 higher by 0.93%; Barratt Developments Stock Surged by 7.07%

Source: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 22.89 points or 0.59 per cent lower at 3,847.40, Dow Jones Industrial Average I...

Rishi Sunak’s Budget 2021 Boost Real Estate Sector, Most Stocks Up
Infrastructure and Real Estate

Rishi Sunak’s Budget 2021 Boost Real Estate Sector, Most Stocks Up

Source: godshutter, Shutterstock Summary British Finance minister Rishi Sunak announced extended stamp duty holiday till June end for homes till £500,000. Sunak also announced a new 95 per cent sovereign-backed mortgage guarantee scheme....

How Hospitality Stocks Reacted to Sunak’s Budget Announcement
Consumer Stocks

How Hospitality Stocks Reacted to Sunak’s Budget Announcement

Source: HAKINMHAN, Shutterstock Summary UK Finance Minister Rishi Sunak announced continued business rates holiday until June, extension of furlough schemes, a new set of restart grants and others to support the hospitality sector in this year&...

FTSE 100 Fails to Find Tipping Point as Sunak Tables Budget 2021
Stock Market

FTSE 100 Fails to Find Tipping Point as Sunak Tables Budget 2021

Source: Gsign76, Shutterstock Summary FTSE 100 fell substantially as Chancellor Rishi Sunak unravelled the Budget 2021 The index dropped more than 1 per cent from day’s high in the afternoon session Meanwhile, GBP vs USD pair traded lar...