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Consumer
What factors led Dixons Carphone to increase its online sales amid lockdown scenario?
December 18, 2020 02:03 AM AEDT| By Hina ChowdharySummary Dixons Carphone Plc has reported a 3.0% surge in revenue during H1 FY21. The Company has shown electricals online sales growth of 114% during H1 FY21. The Company has around 4.3 million members in Nordics Customer Club as of 31 October.....
Hornby (LON: HRN) Put on Pause All Non-UK Orders Due to Brexit Uncertainty, Port Delays
December 17, 2020 11:16 PM AEDT| By Kunal SawhneySummary Hornby has temporarily stopped all its orders other than the UK due to uncertainty over Brexit The company has said that port bottleneck problems are also impacting its operations Hornby CEO Lyndon Davies said the companies which impor.....
Hydrogen plane start-up ZeroAvia secures $21.4-mn in funding round
December 17, 2020 12:54 AM AEDT| By Kunal SawhneyThe devastation caused by the pandemic has called for sustainable development along with a quick transition to a lower carbon future. Hydrogen plane start-up ZeroAvia has secured a funding of $21.4 million to develop commercial aircrafts wi.....
Electronic Arts to Acquire Codemasters (LON: CDM) to Enhance Racing Games Offering
December 15, 2020 08:11 PM AEDT| By Kunal SawhneySummary Electronic Arts Inc has reached a deal with the British video game developer Codemasters Group for its acquisition The deal will see Codemasters shareholders receiving $7.98 a share, which takes the valuation of company at about $1.2 bi.....
How is Bellway managing increasing housebuilding demand from homebuyers?
December 15, 2020 01:57 AM AEDT| By Hina ChowdharySummary Bellway Plc has reported a 30.7% decline in revenues during FY20. The order book has witnessed a surge of 18.7% for the period from 01 August 2020 to 29 November 2020. The number of housing completions dropped by 30.9% to 7,522 during .....
British Airways Cargo Workers at Heathrow To Go on A Nine-Day Strike
December 13, 2020 11:57 AM AEDT| By Team Kalkine MediaSummary British Airways cargo workers at Heathrow have announced a 9-day strike which will start on 25 December and will continue till 2 January Majority of the workers affiliated to Unite union are in favour of the strike British Airways&.....
How would the Stagecoach Group revive its financial performance during these challenging times?
December 12, 2020 01:20 AM AEDT| By Kunal SawhneySummary Stagecoach Group Plc has reported a decline of 43.2% in its revenue during H1 FY21. The UK Bus segment has delivered strong revenue and operating profit growth of 4.9% and 80.4%, respectively. The net debt to EBITDA ratio of the Compan.....
How well is Studio Retail Group prepared ahead of peak trading session during Christmas?
December 11, 2020 01:49 AM AEDT| By Hina ChowdharySummary Studio Retail Group Plc has reported 28.0% growth in revenue during H1 FY21. The sales to date during Q3 FY21 are already up by 32% year-on-year. The online ordering levels have touched 91% during H1 FY21. Studio Retail Group Plc .....
Why is BA CityFlyer launching new summer routes from Southampton?
December 10, 2020 11:12 PM AEDT| By Hina ChowdharySummary BA CityFlyer will be operating 11 new routes from Southampton airport to leisure destinations across Europe for the summer season Most of these routes were functional till last year The new routes will fly between 1 May and 31 October .....
British American Tobacco Plc (LON: BATS) expects revenue growth in FY20: 10 Key takeaways
December 10, 2020 06:01 PM AEDT| By Team Kalkine MediaBritish American Tobacco Plc (LON: BATS), the London-headquartered tobacco products maker, on Wednesday said the company expects to report revenue growth for FY20 on constant currency terms. While providing the trading update for the second half of F...
Uber Sells Self-Driving Car Unit to focus on Core Businesses
December 08, 2020 07:33 PM AEDT| By Kunal SawhneySummary Uber is selling its self-driving car division Uber Advanced Technologies Group to US-based firm Aurora Innovation Inc The company will also invest $400 million in the new deal, and CEO Dara Khosrowshahi will join Aurora’s board of.....
Associated British Foods PLC (LON: ABF) Forecasts Strong Earnings for Primark
December 06, 2020 11:38 AM AEDT| By Team Kalkine MediaAssociated British Foods PLC (LON: ABF) announced on 4 December that the closure of its stores in autumn might result in lost sales worth £430 million ($578.4 million). However, there have been around 25 per cent reduction in the operating co.....
Ryanair (LON: RYA) Buys Another 75 Boeing Max Jets
December 04, 2020 07:46 PM AEDT| By Kunal SawhneyIrish low-cost airline Ryanair Holdings Plc (LON: RYA), which is Europe's biggest budget airline, has ordered an additional 75 Boeing 737 Max aircrafts worth up to $9 billion, brushing away the cynicism over the aviation industry and the coro.....
How will Tate & Lyle perform after making two key acquisitions?
December 04, 2020 02:19 AM AEDT| By Team Kalkine MediaSummary Tate & Lyle Plc has reported a revenue contraction of 4.0% during H1 FY21. The Company announced the acquisition of Sweet Green Fields on 01 December 2020. The adjusted net debt/EBITDA stood at 0.7x during H1 FY21. The Company ann.....
Wizz Air (LON: WIZZ) Creates New Base at Cardiff Airport
December 03, 2020 10:24 PM AEDT| By Team Kalkine MediaSummary 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.....
Musk’s Tesla (NASDAQ: TSLA) to Become S&P 500 Constituent in One Step in December
December 01, 2020 11:13 PM AEDT| By Team Kalkine MediaTo 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...
Unilever’s (LON: ULVR) share price jumps after it completes unification plans
December 01, 2020 12:07 AM AEDT| By Hina ChowdharyConsumer 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.....
What led to Britvic extending its PepsiCo agreement by 20 years?
November 28, 2020 08:20 PM AEDT| By Kunal SawhneySummary Britvic Plc has reported a revenue contraction of 6.8% during FY20. The Company has completed the sale of three juice manufacturing sites in France. The adjusted net debt/EBITDA stood at 2.4x during FY20. The Company will make all pla.....
Mitchells & Butlers (LON: MAB) axes 1,300 jobs, posts loss of £123 million in FY20
November 27, 2020 04:47 AM AEDT| By Team Kalkine MediaSummary Mitchells & Butlers has made approximately 1,300 workers redundant in the FY20 The company has reported a net loss of £123 million for FY20 on the back of lower revenues due to the pandemic Its share price plunged more than 4.....
What factors led to strong omnichannel segment growth of Pets at Home Group PLC?
November 27, 2020 03:27 AM AEDT| By Kunal SawhneySummary Pets at Home Group Plc has reported total revenue growth of 5.1% during H1 FY21. The omnichannel division has witnessed revenue growth of 65.8% to £77.1 million. The number of subscription customers has increased by 22% year on y.....
AI on the Rise: A Look at Top AI Companies and Their Stocks