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Hospitality, Travel Operators Demand Breather from Pending Rent During Covid-19
June 08, 2021 02:30 PM BST| By Kamalika GhoshSummary Trade body bosses from various industries like travel, hospitality, and retail have called for a deal with landlords to forgo rent built up amid Covid-19. The business leaders want the Boris Johnson government to convince commercial lan.....
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How 3 Aviation Stocks Reacted to US, UK Airlines Bosses Call for Resumption of Trans-Atlantic Travel
June 08, 2021 02:27 PM BST| By Kamalika GhoshSummary Airlines companies having US-UK operations demanded the lifting of Covid-19-related restrictions to trans-Atlantic travel. The companies have cited higher vaccination rates and low rates of transmission on flights for resuming flights. .....
Earnings of 3 Industrial Stocks in Focus: RWS Holdings, VP Plc, Oxford Instruments
June 08, 2021 10:47 AM BST| By Suhita PoddarSummary RWS Holdings reported a 53 per cent rise in its adjusted pre-tax profits for H1 2021. VP Plc profits before tax, amortisation and exceptional items dropped to £23.3 million from £47.1 million in FY 2020. Oxford Instrument a.....
First Homes Scheme Offer Launched: Which Housebuilding Stocks to Look For
June 07, 2021 02:52 PM BST| By Suhita PoddarSummary The newly launched government scheme will offer a discount of 30-50% for the first-time home buyers. Under this scheme, the Boris Johnson government will deliver at least 10,000 homes every year in the next few years. The UK govern.....
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Why are these FTSE Stocks Trending Today-Rolls Royce, Lloyds, and Argo Blockchain?
June 07, 2021 01:17 PM BST| By Kamalika GhoshSummary Shares of Lloyds Banking Group moved up after the bank said it would focus on a home, hybrid, hub structure of working. News that the aviation industry is set to see strong recovery supported Shares of Rolls Royce. Housebuilding stocks.....
Carrefour And Tesco Announce End of Purchasing Alliance
June 07, 2021 12:35 PM BST| By Suhita PoddarSummary UK based supermarket major Tesco ended its 3 year purchasing alliance with France’s Carrefour, which has been operational since 2018 and is set to end on 31 December The two companies had entered into the agreement to boost their .....
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Jet2 Plc Pushes Back Restart of Flight and Travel as Portugal Gets Removed from Green List
June 04, 2021 01:43 PM BST| By Kamalika GhoshSumamry Jet2 Plc announced that its holidays and flights would be delayed to July 1 from June 24. Government announced that Portugal would be removed from the green list. The company has said customers who had already made bookings could chang.....
Tesco Shares Not Much Impacted by Adverse ECJ Ruling
June 04, 2021 10:46 AM BST| By Kamalika GhoshSummary The EU court ruled in favour of Tesco female shop floor workers in an equal pay dispute, triggering over £2.5 billion back pay claims for Tesco Plc. The staff had claimed that the retailer’s female shop workers had not got e.....
Bloomsbury Shares Extend Gains Despite Weak Market Sentiment
June 03, 2021 09:59 AM BST| By Suhita PoddarSummary Publisher Bloomsbury Publishing announced record profits due to a rise in people reading amid the lockdowns. The company also proposed a special dividend of 9.78 pence per share, in addition to a 10 per cent increase to its final divide.....
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Why were Burberry Group, Coca Cola HBC and Rolls Royce trending today?
June 02, 2021 05:01 PM BST| By Suhita PoddarSummary Luxury fashion company Burberry’s shares surged after French brokerage firm Exane BNP Paribas upgraded its rating. Bottle maker Coca Cola HBC jumped after its stock price target was raised by research company JP Morgan. Luxury ca.....
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Focus on Bellway Plc and Cairn Homes Plc as The UK Mortgage Lending Slumps in April
June 02, 2021 03:49 PM BST| By AbhijeetSummary Mortgage borrowing slumped to £3.3 billion in April from £11.8 billion in March. The spike in mortgage borrowings for March was short-lived and probably caused by the ongoing stamp duty holiday. However, experts had felt th.....
Wizz Air Stocks Decline on Bleak Future Outlook
June 02, 2021 03:14 PM BST| By Suhita PoddarSumamary Wizz Air reported an underlying loss of €482 million for the year ended 31 March 2021. The company’s revenue fell 73.2 per cent to €739 million from €2,761 million a year ago. It also said that unless all restrict.....
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BP Invests In 9 GW US-Based Solar Projects
June 02, 2021 02:16 PM BST| By AbhijeetSummary BP PLC has invested $220 million in a 9-GW pipeline of solar projects in the US. The agreement will bring BP Plc a step closer towards its target of increasing its capacity of renewable energy to 50 GW by 2030. British Petroleum (L.....
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Quantum Blockchain Shares Jump Over 17% As It Inks Deal with A Cryptography Expert
June 02, 2021 01:30 PM BST| By Suhita PoddarSummary Quantum announced a Bitcoin mining optimization deal with a UK based cryptography expert firm. The shift comes as a part of the company’s new research and development strategy. The firm was also looking at other latest approaches.....
UK Shop Price Deflation Eases in May: Shoe Zone and JD Sports in Action
June 02, 2021 10:07 AM BST| By Suhita PoddarSummary May’s shop price fall was lower than the previous month’s decrease of 1.3 per cent, said the latest BRC report. The deflationary trend continued in May as the high street retailers kept offering lower prices and supermarkets.....
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Why Are These Stocks Trending - Amigo Holdings, Lloyds, Rolls Royce, BP Plc and Cineworld?
June 01, 2021 04:37 PM BST| By Suhita PoddarSummary FTSE 100 was trading in the green on Tuesday, following the release of IHS Markit and CIPS UK Manufacturing PMI. A couple of companies’ stocks were trending. Leading index of the London stock exchange FTSE-100 was trading at .....
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Amigo Shares Plunge 12% As It Decides to File for Insolvency
June 01, 2021 12:53 PM BST| By AbhijeetSummary The London High Court refused to approve Amigo Holding’s customer compensation scheme last week. The company’s chief executive said that in the absence of a scheme, Amigo would face insolvency because it would not be able to.....
Savills Plc and Rightmove Plc in action as Housing Prices Rise Over 10% in May
June 01, 2021 12:20 PM BST| By Suhita PoddarSummary UK housing prices rose by 10.9 per cent to £242,832 in May, touching an almost 7 year high The recent boost in the sector was supported by government measures including an extension of stamp duty holiday and new mortgage guarantee.....
Travel Stocks to Keep an Eye on As France Restricts Non-Essential Travel from the UK
June 01, 2021 11:51 AM BST| By Suhita PoddarSummary France has enforced tough travel restrictions from the UK amid concerns over Indian variant of coronavirus. Under the new rules, entry to France from the UK is only allowed for EU residents, French nationals, or for people travelling fo.....
Astrazeneca's Tagrisso Drug Gets Nod for Lung Cancer Treatment
May 30, 2021 12:14 AM BST| By Suhita PoddarSummary Tagrisso has been approved by the European Commission (EC) to treat patients with early-stage epidermal growth factor receptor-mutated non-small cell lung cancer. The EC approval came about due to positive results from the ADAURA phase .....
