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Consumer
International Consolidated Airlines Group (LON: IAG) to acquire Air Europa
January 21, 2021 02:13 AM AEDT| By Team Kalkine MediaSummary International Consolidated Airlines Group is expected to buy Spanish airlines, Air Europa for €500 million The pandemic has resulted in 50 per cent reduction in the price of Air Europa to €500 million The aviation sector .....
Lindt & Spruengli records growth in sales in Germany and UK
January 19, 2021 10:28 PM AEDT| By Kunal SawhneySummary Lindt & Spruengli AG (SWX: LISN) released its sales report for the last year, disclosing a 6.1 per cent drop to CHF 4.02 billion in the organic sales. The online business of the Zuri.....
What factors led N Brown Group to post a decent recovery during the third quarter of FY21?
January 19, 2021 01:27 AM AEDT| By Hina ChowdharySummary N Brown Group Plc had reported a decline of 8.8% year-on-year in its revenue during Q3 FY21 covering 18-weeks period ended on 02 January 2021. The Company had successfully completed its fundraising of £100 million on 23 December 2.....
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All travel corridors to the UK closed until mid-February
January 18, 2021 08:23 PM AEDT| By Team Kalkine MediaAll the travel corridors in Britain, which allowed arrivals from various nations to avoid the quarantine requirements, have been closed from 04:00 am today in a bid to protect the nation against the risk of rapidly spreading new.....
What significant factors led Card Factory to anticipate a loss during FY21?
January 16, 2021 02:25 AM AEDT| By Kunal SawhneySummary Card Factory Plc had reported a decline of 33.7% in its revenue to £281.4 million during the first eleven months period of FY21 ending 31 December 2020. The gross store sales declined by 38.1% during the period. The Company had a.....
How would Reach Plc manage to increase its profit forecast for FY2020?
January 13, 2021 01:47 AM AEDT| By Kunal SawhneySummary Reach Plc had reported a decline of 10.2% in its total revenue during the fourth quarter ended on 27 December 2020. The Company had completed the remaining 50% acquisition of the Independent Star Limited on 24 November 2020. The Compan.....
What are the recovery plans of Informa for its events business segment in 2021?
January 09, 2021 07:20 PM AEDT| By Kunal SawhneySummary Informa Plc had projected its FY20 revenue to remain in the range from £1.65 billion to £1.68 billion. The adjusted operating profit is likely to fall in the range from £250 million to £270 million. The subscrip.....
Barratt (LON: BDEV) Shares Rallies on the Backdrop of Revised Sales Forecast
January 09, 2021 06:39 PM AEDT| By Hina ChowdharySummary The company has a healthy forward sales position with over 90 per cent inventory sold for the FY 2021 The company’s order book swelled by 14 per cent year-on-year to 13,588 homes during the first half of FY 2021 Shares of Barratt.....
What led Mitchells & Butlers to raise equity capital amid third nationwide lockdown?
January 09, 2021 02:27 AM AEDT| By Team Kalkine MediaSummary Mitchells & Butlers Plc had reported a decline of 34.1% to £1,475 million during FY20. The Company did not have any site opened as of 30 December 2020 in the UK. The Company had reported its monthly cash burn of approximately.....
CMA to probe into the acquisition of Chase Distillery by Diageo Plc (LON: DGE)
January 09, 2021 02:23 AM AEDT| By Kunal SawhneySummary CMA will be probing into the acquisition of Chase Distillery Limited by Diageo Plc The market regulator is expected to announce the Phase -I decision of the probe by 4 March. Diageo Plc had recently completed the acquisition of actor R.....
England-bound travellers will have to produce negative Covid-19 test under new rules
January 08, 2021 08:24 PM AEDT| By Hina ChowdharySummary From now on, international travellers and the UK nationals will have to produce a negative Covid-19 test, taken up to 72 hours prior to departure, after their arrival in England On failing to comply with the testing rules, the passenger.....
Covid Turmoil: Rolls Royce (LON: RR.) Loses Half of Its Market Cap In 2020!
January 02, 2021 11:11 AM AEDT| By Hina ChowdharySummary Shares of Rolls Royce Holding Plc have been one of the biggest wealth destroyers among the large-cap FTSE 100 stocks in 2020 The stock of Rolls Royce has crashed more than 50 per cent in 2020 The London-headquartered defence and aerosp.....
Tesco PLC (LON: TSCO) and Pizza Hut caught paying staff below minimum wages
December 31, 2020 07:45 PM AEDT| By Team Kalkine MediaSummary Companies such as Tesco PLC, Pizza Hut and Superdrug are among the 139 companies that have been caught paying their employees below the minimum wage The Department for Business, Energy and Industrial Strategy had conducted an investigat.....
What led to Character Group maintaining its profitability amid Covid-19 lockdown?
December 30, 2020 11:55 PM AEDT| By Hina ChowdharySummary Character Group Plc had reported a decline of 12.50% in its revenue during H1 FY21. The Toy Retailers Association (TRA) had announced that its three products had featured strongly in the most reputed best toys of the year. The Company .....
Brexit Impact: Ryanair (LON: RYA), Wizz Air (LON: WIZZ) Move to Restrict UK Shareholders
December 30, 2020 05:35 PM AEDT| By Team Kalkine MediaSummary The two LSE-listed airline companies, Ryanair Holdings PLC and Wizz Air Holdings PLC, have confirmed that to save their European licenses, they will restrict the voting rights of the UK shareholders. The airline companies holding operat.....
The Hut Group (LON: THG) To Acquire Beauty Retailer Dermstore From Target Corp
December 30, 2020 02:32 AM AEDT| By Team Kalkine MediaSummary The Hut Group has agreed to purchase Dermstore, a US online retailer of skincare and beauty products, for about $350 million in cash The acquisition will help THG become the global player in the digital marketplace for the beauty produc.....
How would Sanderson Design Group manage to grow its revenue during October & November 2020?
December 24, 2020 01:05 AM AEDT| By Kunal SawhneySummary Sanderson Design Group Plc had reported a revenue contraction of 14.6% for the ten-months period ended on 30 November 2020. The sales of the Company had witnessed a significant rise of around 7% for the nine-week key selling period in O.....
UK car output down 1.4% in November due to lockdown, no Brexit deal fears
December 23, 2020 07:15 PM AEDT| By Hina ChowdharySummary British car production fell 1.4 per cent in November to 106,243 vehicles The production on YTD basis is now down 31 per cent with 380,809 fewer cars manufactured in 2020 SMMT CEO Mike Hawes said that the industry might face a nightmare.....
What made the Watches of Switzerland Group to pay back furlough support obtained from the UK government?
December 22, 2020 12:53 AM AEDT| By Hina ChowdharySummary Watches of Switzerland Group Plc had reported a 3.4% contraction in revenue during H1 FY21. The UK e-commerce sales went up by 102.4% for the seven-weeks period ended on 13 December 2020. The Company had also expressed its intentions t.....
WPP Plc (LON: WPP) Targets Resurrecting 2019 Revenue Levels By 2022
December 18, 2020 02:17 AM AEDT| By Kunal SawhneySummary WPP aims to take control of its Australian and New Zealand operations WPP AUNZ has accepted the revised proposal of the company of A$0.70 per share in cash The communication services company expects to resurrect revenue levels last see.....
AI on the Rise: A Look at Top AI Companies and Their Stocks