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Consumer
Why Nestle is planning to sell its US water brands for $4.3 bn
February 17, 2021 09:06 PM AEDT| By Team Kalkine MediaSummary Nestle SA announced it will sell its US and Canada region bottled water division to private equity companies One Rock Capital Partners and Metropoulos & Co for US $4.3 billi.....
How Jaguar Is Planning to Overhaul Its Business and Go Electric
February 17, 2021 02:43 AM AEDT| By Hina ChowdharySummary British luxury car brand Jaguar Land Rover's announced its plans to phase out diesel fuelled cars by 2026 amid rising competition from other car companies to go green. The company plans to invest about £2.5 billion annually into d.....
Brexit impact on British airlines: Are more job losses on cards?
February 15, 2021 11:00 PM AEDT| By Kunal SawhneySummary New post-Brexit rules have created regulatory delays and bottlenecks for UK carriers operating in the EU leading to loss of business. Wet-leasing carriers lost out on several contracts due to the new rules, with smaller airlines facing .....
Why has Jet2 raised £422-mn via share placement?
February 13, 2021 09:16 PM AEDT| By Hina ChowdharySummary UK airline Jet2 PLC raised £422 million (US $582 million) on 12 February through an equity issue to remain sufficiently liquid to cover lockdown-related uncertainties. Th.....
How has Redrow managed to exceed £1.0 billion sales during its first half of FY21?
February 11, 2021 03:15 AM AEDT| By Kunal SawhneySummary Redrow Plc had reported an increase in revenue of 20% to £1,041 million during H1 FY21 ended on 27 December 2020. The legal completions grew by 20.0% during H1 FY21. RDW had unsecured banking facilities of £366.0 million as.....
How will new hotel quarantine rules impact aviation and hospitality sectors?
February 10, 2021 08:53 PM AEDT| By Team Kalkine MediaThe United Kingdom will be implementing new hotel quarantine rules from 15 February for the passengers entering the country. UK health secretary Matt Hancock told the House of Commons on Tuesday that all travellers from the high-risk nation&nb.....
What factors led Drax Group to acquire Canada-based Pinnacle Renewable Energy?
February 10, 2021 02:19 AM AEDT| By Kunal SawhneySummary Drax Group Plc had reported a marginal decline in its adjusted revenues to £2,205 million during H1 FY20 ended on 30 June 2020. Drax Canadian Holdings Inc would acquire Pinnacle Renewable Energy Inc for the total consideration of .....
BA to Switch to Sustainable Fuel for its Transatlantic Flights by 2022
February 10, 2021 02:13 AM AEDT| By Kunal SawhneySummary British Airways has joined hands with LanzaJet to produce sustainable fuel for its fleet. The fuel produced by LanzaJet will help BA to reduce carbon emissions by 70%. The International Consolidated Airlines Group SA (LON: IAG) own.....
Court Directs Insurance Group to Compensate Irish Pubs for Pandemic Closures
February 07, 2021 11:25 AM AEDT| By Kunal SawhneySummary In a landmark decision by the Ireland High Court, FBD Insurance Group has been ordered to pay four pub owners for the losses incurred due to the disruption caused by Covid-19 pandemic. The judgment is expected to benefit more than thou.....
Stocks to Watch in Online Gambling space as the UK May Have Fresh Regulations
February 06, 2021 11:36 AM AEDT| By Kunal SawhneySummary Some new restrictions are being implemented in the UK to protect the people from losing their money and make the games less intensive and safer. The slot machines shall be fully transparent in terms of displaying critical information. .....
What are the latest business initiatives unveiled by Frontier Developments PLC?
February 05, 2021 02:06 AM AEDT| By Kunal SawhneySummary Frontier Developments Plc had reported a surge in revenues of 15% during H1 FY21 ended on 30 November 2020. The net cash balance stood at £34.9 million at 30 November 2020. The next major release, Elite Dangerous: Odyssey is sche.....
Airbus Plans A Shorter Work Week to Prevent Layoffs
February 03, 2021 12:39 AM AEDT| By Hina ChowdharySummary Airbus proposed plans to shorten its workweek by 10 per cent to save jobs in its Broughton plant. The company had announced layoffs of 15,000 workers worldwide last year to manage losses from the coronavirus-hit sector. The news follow.....
Marston’s (LON: MARS) Snubs Offer from Beverly Hills-Based PE Group
February 02, 2021 07:47 PM AEDT| By Team Kalkine MediaSummary Marston’s had unanimously rejected all three takeover offers from Platinum Equity as it believes that the business has been undervalued. The US-based PE group can make another formal offer until 26 February under the UK takeover c.....
What are the recent business updates unveiled by Bloomsbury Publishing PLC?
February 02, 2021 02:15 AM AEDT| By Kunal SawhneySummary Bloomsbury Publishing Plc had reported a revenue surge of 10% during H1 FY20/21 ended on 31 August 2020. The Company had net cash of £44.1 million as of 31 August 2020. The revenue of Sarah J. Maas had increased by 131% ove.....
Ryanair (LON: RYA) Sinks into Losses in Q3 2021
February 02, 2021 12:54 AM AEDT| By Hina ChowdharySummary The Irish airline reported a loss of €306 million during the third quarter of 2021 period ended 31 December 2020. The emergence of the UK and South African variants in the week before Christmas led to further severe travel bans tha.....
Which Gaming Stocks to Look for in 2021
January 30, 2021 11:26 AM AEDT| By Kunal SawhneySummary The demand for gaming solutions is expected to remain strong in the near term as people have now become more habitual to self-entertainment options. Gaming is now being considered at par with film, television, and other home entertainme.....
Wizz Air Holdings (LON: WIZZ) And Sufferings of The Aviation Industry
January 29, 2021 02:56 AM AEDT| By Hina ChowdharySummary Wizz Air Holdings witnessed drop in the revenues by more than 70 per cent in Q3 F21. The fall in passenger numbers, travel bans, airport testing and 10-days isolation on returning back to the UK have badly hampered t.....
Aviation sector receives £84.6m boost for greener future
January 28, 2021 10:29 PM AEDT| By Hina ChowdharySummary The government has jointly announced an investment of £84.6 million in three aerospace projects in Bristol, Cranfield, and Bedford. The commissioned projects include GKN Aerospace-led project H2GEAR, ZeroAvia’s HyFlyer II, a.....
What factors led the 4imprint Group to grow its weekly order intake amid pandemic?
January 26, 2021 12:44 AM AEDT| By Team Kalkine MediaSummary 4imprint Group Plc had anticipated a decline of 35% year-on-year in its revenue to USD 560 million during FY20. The underlying profit before tax had aligned with the management expectations during FY20. The Company had delivered Q4 FY2.....
How has Superdry managed to run its operations despite the temporary closure of some stores?
January 21, 2021 02:19 AM AEDT| By Kunal SawhneySummary Superdry Plc had reported a decline of 23.4% year-on-year in its revenue during H1 FY21 ended on 24 October 2020. The Company had demonstrated a loss of 38% store days during the 11-week period ended on 09 January 2021. The Company had.....
AI on the Rise: A Look at Top AI Companies and Their Stocks