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Editorial
United Kingdom Is Facing ‘Significant Recession’ confirms Finance Minister Rishi Sunak
May 15, 2020 12:28 PM AEST| By Kunal SawhneyThe Chancellor of the Exchequer Rishi Sunak told media that United Kingdom economy is in a middle of ‘significant recession’ as the country eyes the largest quarterly contraction in GDP figure since 2008, reflecting the impact of just few...
New Three-Step Plan of UK Government to Phase Out Lockdown
May 15, 2020 06:25 AM AEST| By Team Kalkine MediaOn May 12, 2020, the British Prime Minister Boris Johnson announced a three-phase plan to lift the restrictions to the economy in a gradual manner. Now its seven arduous weeks of the corona lockdown for the UK economy, and even though the full recove...
Landmark Partnership & Refinancing Plans Unveiled by 2 LSE Stocks: Novacyt SA & Spire Healthcare Group PLC
May 15, 2020 06:14 AM AEST| By Kunal SawhneyPharmaceutical & Biotechnology sector is certainly playing a vital role to battle with Covid-19 infection across the globe. Meanwhile, businesses involved in these sectors are also entering several partnerships and contracts as they are witnessin...
Retail sales in the UK plunge by 19.1% in April 2020- BRC Survey
May 14, 2020 12:08 PM AEST| By Team Kalkine MediaThe British Retail Consortium, the trade body for the retail industry in the United Kingdom, has reported that sales in the industry have plummeted by at least 19.1 per cent compared to the same period last year because of the lockdown that the count...
In response to Covid-19, UK Furlough scheme to be extended till October
May 14, 2020 11:35 AM AEST| By Team Kalkine MediaDespite the rapid increase in cost of the job retention scheme, which was launched in March due to coronavirus crisis, the chancellor, Rishi Sunak has extended it for employees until the end of October 2020. More than 900,000 companies have availed t...
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Coronavirus Turmoil Triggers Historic Outflows in British Fund Management Industry
May 14, 2020 08:54 AM AEST| By Team Kalkine MediaWhile the world continues to reel under the effect of the coronavirus pandemic, the picturesque of the global financial market had been drastically wiped out. Several companies in the United Kingdom have reported a significant fall in revenues this r...
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Small and Medium-Sized Firms May Get Saddled By £105 Billion Debt by Next March
May 13, 2020 11:40 AM AEST| By Team Kalkine MediaThe current business environment, coupled with the mounting loan burden, could sink the small and medium scaled businesses in the United Kingdom by as much as £105 billion in debt by March Next Year. While, making this statement United Kingdoms...
Covid-19 Led Plunge in Energy Demand May Create Problem for the National Grid
May 13, 2020 11:36 AM AEST| By Team Kalkine MediaAccording to National Grid, last weekend, the electricity demand in the UK fell to 15 gigawatts (GW). To preserve the system security and avoid overloading of the electricity grid, due to lessened demand for power amid the coronavirus crisis, Nationa...
Global Oil Market Crash: UK Major Supermarket Pumps Cut Petrol Prices To Below £1
May 13, 2020 10:55 AM AEST| By Team Kalkine MediaThe lockdown measures are being actively adopted by almost all the affected nations across the world to halt the spread of novel coronavirus. However, due to this lockdown, the demand for oil has reduced exceptionally. 20th April 2020 was the histori...
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Johnson Hints at Adapting to Living with The Virus Amid Pressure to Open Up the Economy
May 13, 2020 08:48 AM AEST| By Team Kalkine MediaThe British government has released a document titled “Covid-19 recovery strategy document” whose details show how the lockdown would be relaxed in phases in the country. It also contains guidelines for people who would be joining work, o...
UK Furloughing Scheme Extended Till End Of September
May 12, 2020 11:11 AM AEST| By Team Kalkine MediaWith the announcement of the gradual withdrawal of the lockdown in the country, it seems there is a realisation in the government that business is not going to be as usual in the country, because of which it has now decided to extend some of its stim...
UK Retailers: Seek Further Government’s Support to Evade ‘Imminent collapse’ of Businesses
May 12, 2020 10:25 AM AEST| By Hina ChowdharyAs per Confederation of British Industry (CBI) report, the two-third of the businesses in the United Kingdom had been negatively impacted due to novel coronavirus as many of them are suffering from cash flow difficulties. The report was published in...
Travel & Leisure Industry Woes Unlikely to End Soon with Challenge of Social Distancing
May 12, 2020 06:21 AM AEST| By Kunal SawhneyThe British Prime Minister, Boris Johnson, in his recent address to the nation, acknowledged that the way of life had been severely impacted in the fight against the deadly virus with abandoned businesses, shuttered shops, and darkened pubs & res...
Tragic Tale of The British Housing Market Amidst The Coronavirus Pandemic
May 12, 2020 06:07 AM AEST| By Team Kalkine MediaAmongst all the impacted sectors, the housing market is perhaps one of the most affected by the coronavirus pandemic. The lockdown has not only brought a steep decline in buyers but has also led the construction activity in the entire sector to come...
UK Unveils A Three Phased Plan to Reopen the Economy
May 11, 2020 10:44 PM AEST| By Team Kalkine MediaThe prime minister of United Kingdom in a televised address to the nation has finally laid out a three-phased plan to reopen the economy, after a lockdown that was imposed on March 23rd in order to contain the coronavirus spread in the country. Stres...
A Complete Guide to Trade in London’s FTSE 100 Index
May 10, 2020 03:00 PM AEST| By Team Kalkine MediaThe Financial Times Stock Exchange 100 Index (FTSE 100 Index) is a benchmark index that is most widely tracked by the investors around the world. Originally formed by the joint venture between the Financial Times and the London Stock Exchange (LSE),...
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3 Defensive Sectors: Should One Keep Investing Amid the Covid-19 Pandemic?
May 10, 2020 02:10 PM AEST| By Team Kalkine MediaCovid-19 has inflicted severe and immediate public health crisis in the UK, while at the same time on economic front, the nation is rapidly edging towards deep recession. The underlying economic trends are showing a negative trend with earnings warni...
Coronavirus Effect: Londoners Now Want to Leave the City for The Countryside
May 10, 2020 02:00 PM AEST| By Team Kalkine MediaIt seems that the delay in the containment of the pandemic is having its impact felt on the British society in more ways than one. Several real estate brokerage companies in the country have been reporting that the demand for houses in London has fal...
Social Distancing in Hospitality Sector, A big Ask to Follow
May 10, 2020 08:30 AM AEST| By Team Kalkine MediaThe coronavirus pandemic has brought about so many new facets to our lives that none of us would have ever imagined could ever happen. It will be a while before any of us are able to live a social life as we used to prior to the advent of the pandemi...
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Bank Of England Now Confirms United Kingdom To Enter Deepest Recession In 300 Years
May 09, 2020 07:02 PM AEST| By Team Kalkine MediaBank of England’s projection is making the news headlines this week as the central bank eyes the biggest annual slump in more than 300 years with the expected plunge of straight 14 percent in Britain’s economy in 2020. Based on illustrati...
AI on the Rise: A Look at Top AI Companies and Their Stocks