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10 FTSE Stocks at the forefront of fighting climate change
August 09, 2021 03:29 PM BST| By Suhita PoddarSummary The latest UN science panel report has sounded alarm bells, stating temperatures will rise by 1.5-degree Celsius limit from pre-industrial levels by 2030, a decade earlier than previously forecasted. The UK has made climate action.....
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Deliveroo (LON: ROO) shares surge with the entry of German Delivery Hero
August 09, 2021 01:40 PM BST| By Kamalika GhoshSummary Delivery Hero snapped up a 5.09 per cent stake in the online food delivery competitor Deliveroo. Post-acquisition, Delivery Hero currently owns about 87.4 million Deliveroo shares. Deliveroo recorded a 76 per cent year-on-year gr.....
UK’s Fibre-Optic fund and top 5 FTSE telecom companies
August 09, 2021 01:10 PM BST| By Kamalika GhoshSummary The government has announced a new £4 million fund, specifically for the companies whose projects are trialling running fibre-optic broadband cables through water pipes. New innovative companies can help serve the dual purpo.....
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How to buy Virgin Atlantic stock as Branson’s company mulls London IPO?
August 09, 2021 09:40 AM BST| By Suhita PoddarSummary UK-based airline Virgin Atlantic is considering a potential public listing in London stock markets. The move is expected to boost the company’s financial standing as it was haemorrhaging capital due to being severely affecte.....
Halifax launches 0.83 per cent mortgage rate amidst heated price war
August 09, 2021 08:58 AM BST| By Kamalika GhoshSummary Halifax launched an ultra-low rate on loans on a two-year fixed deal at 0.83 per cent. The deal will be available through mortgage brokers from 9 August to borrowers wanting to loan up to 60 per cent of their house value. In July.....
Weekly roundup of FTSE 100 risers and fallers (August 02-06)
August 07, 2021 12:37 AM BST| By Kamalika GhoshFTSE 100 closed in positive territory in the week ended 6 August, though it was a choppy week of trade. Here we are giving the roundup of gainers and losers of every day during the passing week. 2 August 2021: Top riser: Melrose Industries Plc (...
Famous five of business this week (August 02-06)
August 07, 2021 12:34 AM BST| By Suhita PoddarMonday – August 02 PayPal Holdings Inc. (LON: 0R9U) Amidst increased regulatory control and scrutiny concerning the crypto exchange firm Binance, the global payments major, PayPal announced plans of expanding its crypto business to the UK...
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Morrisons (LON: MRW) shares surge on increased Fortress offer
August 06, 2021 04:51 PM BST| By Suhita PoddarSummary UK’s supermarket giant Wm Morrison Supermarkets Plc agreed to an acquisition offer valued at £6.7 billion ($9.3 billion) from Fortress Investment Group. Morrisons and Bidco announced an increased cash offer value of 272 penc.....
Who is Michael Murray?
August 06, 2021 04:42 PM BST| By Kamalika GhoshSummary Billionaire Mike Ashley will reportedly step down from the CEO role at Frasers Group. It is speculated that his daughter’s fiancé, Michael Murray, is the likely to be his successor. Murray serves as the Head of Elevation a.....
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Fiverr International (NYSE: FVRR) shares slump on the choppy outlook
August 06, 2021 12:50 PM BST| By Kamalika GhoshEstablished in 2010, Fiverr International (NYSE: FVRR) is an Israeli-based online freelance professional service marketplace, reported a whopping 60 per cent year-on-year growth in revenue to $75.3 million in Q2 2021 and a 43 per cent year-on-year .....
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Weber market debut: All about its downsized IPO launch
August 06, 2021 11:23 AM BST| By Suhita PoddarSummary Grill maker Weber slashed its IPO price by over 60%, selling less shares than marketed at a price below the expected range. The company raised around US $250 million by selling almost 18 million shares, raising its market cap tone.....
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5 FTSE stocks to beat inflation as BoE warns it can hit 10-year high
August 06, 2021 10:56 AM BST| By Kamalika GhoshSummary The Bank of England has issued a warning that inflation can hit a 10-year record high of 4% by the end-year. Despite soaring inflation expectations, the Monetary Policy Committee (MPC) kept the interest rate at a historic low of 0.....
Construction PMI data: FTSE house building stocks react negatively
August 06, 2021 10:28 AM BST| By Suhita PoddarSummary Construction PMI in July saw a decline compared to the June month indicating a slow pace of construction activities in the United Kingdom. The growth rate was slow due to a shortage of raw materials and subcontract workers. C.....
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Greggs, M&S and Next in focus as July retail footfall drops further
August 06, 2021 08:31 AM BST| By Kamalika GhoshSummary As per the British Retail Consortium-Sensormatic IQ tracker, UK’s retail footfall was 28% lower in July compared to two years ago. The easing of restrictions in the last week of July led to the retail sector’s best wee.....
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5 FTSE penny stocks that are on a bull ride
August 06, 2021 07:30 AM BST| By Suhita PoddarPenny stocks trade at a very low share price (traded below £1 in the United Kingdom) and have low market capitalisation. Low share prices of these stocks lure several investors who have limited funds but still want to test the waters of.....
3 FTSE Auto stocks in focus as UK new car sales fall to lowest July level since 1998
August 05, 2021 11:59 AM BST| By Suhita PoddarSummary UK’s auto industry body, the Society of Motor Manufacturers and Traders (SMMT), said July 2021’snew car sales have dropped by 30 per cent from July 2020 -- lowest since 1998 The drop was due to a semi-conductor shortage bein.....
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Spotlight on 4 FTSE Travel stocks as France moved to the amber list
August 05, 2021 10:37 AM BST| By Kamalika GhoshSummary Travellers returning from France will no longer have to quarantine for ten days as the UK government has moved France to the amber list. The new changes will come into effect from 8 August onwards. UK government has decid.....
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What made Rolls Royce’s (LON: RR.) shares surge over 3%?
August 05, 2021 09:55 AM BST| By Suhita PoddarSummary Aerospace engine maker Rolls Royce’s shares spiked over 3 per cent in early trading today on good H1 2021 results The company return to profits of £147 million after posting a loss in the same period the previous year......
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The Hut Group (LON: THG) completes Cult Beauty acquisition
August 05, 2021 08:29 AM BST| By Kamalika GhoshSummary The Hut Group completed the takeover of Cult Beauty, a pure-play online beauty retailer for £275 million. The acquisition of Cult Beauty takes THG’s acquisition spree to over £854 million since its IPO in Septemb.....
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Airline stocks and the new quarantine relaxations by the UK DoT
August 04, 2021 04:40 PM BST| By AbhijeetNew quarantine laws released by the Department for Transport (DoT) permit fully vaccinated UK travellers to return from amber list countries without the need for mandatory quarantine from August 2021. Mandatory quarantine laws have also been relaxe.....
