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News
SVM UK Emerging Fund Plc reports 28.4% NAV return for H1 2020
November 08, 2020 07:49 PM AEDT| By Team Kalkine MediaSVM UK Emerging Fund Plc (LON: SVM) has released its results for six months to 30 September 2020. NAV (Net asset value) return of the company stood at 28.4 per cent compared to a 12.8 per cent return in the IA UK All Companies Sector Avera...
Sneak peek at COVID-19 Vaccine frontrunners: AZN, Moderna, Pfizer, J&J
November 08, 2020 12:14 AM AEDT| By Hina ChowdharySince the outbreak of the catastrophic pandemic, SARS-CoV-2 has taken a severe toll on human life as well as economic and financial aspects. We are already close to completing a year since the emergence of the disease, and there are still several m.....
Why did the streaming video service Quibi fall?
November 08, 2020 12:10 AM AEDT| By Edita IvancevicA once-promising idea that was supposed to transform the entertainment industry and Hollywood itself, Quibi is now a long-forgotten project that tumbled sooner than anyone could have ever expected. When the world found about the project with the f.....
easyJet plc enters deal to sale and leaseback another 11 aircrafts
November 07, 2020 08:46 PM AEDT| By Team Kalkine MediaeasyJet Plc (LON: EZJ) has announced sale and leaseback of another eleven aircraft. The transactions with two counterparties are going to generate total cash proceeds of $169.5 million (around £130.7million) for the company. The com...
Empire Metals Limited updates about RC drilling at Eclipse Gold Project
November 07, 2020 08:45 PM AEDT| By Team Kalkine MediaEmpire Metals Limited (LON: EEE) has updated about an RC (reverse circulation) drilling results at the Eclipse Gold Project. The project is situated 55km north-east of Kalgoorlie, Western Australia. Till date it has seen a total of 2,178 m...
Morgan Advanced Materials Plc reports a 9.8% decline in sales for 9M 2020
November 07, 2020 08:35 PM AEDT| By Team Kalkine MediaMorgan Advanced Materials Plc (LON: MGAM) has released a trading update for the third quarter. The group’s sales for the nine months to 30 September 2020, declined by 9.8 per cent compared to the same period last year. In view of th...
Ethereum 2.0 Set to Go Live On 1 December, May Outperform Bitcoins
November 07, 2020 08:00 PM AEDT| By Kunal SawhneyThe next-generation version of the Ethereum blockchain, which has been in the works for many years, is set to go live on 1 December 2020. The newly launched Ethereum 2.0, which was originally slated to go live on 3 January 2021, will see the block.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 07, 2020 04:09 AM AEDT| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
5 emerging Tech trends to rock the world after coronavirus
November 07, 2020 03:59 AM AEDT| By Kunal SawhneyThe value of digital resilience, which helps business and the lives of people to proceed as usual through pandemics, has been confirmed by COVID-19. With work from home becoming the new normal, technology is playing a significant role in supportin.....
FTSE 100 Ended Marginally in Green; US Stocks Traded Lower due to Election Uncertainty
November 06, 2020 11:46 PM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 1.65 points or 0.05 per cent lower at 3,508.80, Dow Jones Industrial Average Index contracted by 11.25 points or 0.04 per cent lower at 28,378...
Furlough extension: impact on UK economy and employment
November 06, 2020 10:20 PM AEDT| By Team Kalkine MediaThe extension of the popular furlough scheme till end of March 2021 has been described as a lifeline for the businesses and workers struggling to survive a harsh pandemic led winter in the UK. Rishi Sunak, Chancellor, UK Treasury extended t.....
Ex-BHS Owner Dominic Chappell Gets 6-Year Jail for Tax Evasion
November 06, 2020 10:12 PM AEDT| By Hina ChowdharySummary Dominic Chappel, a British businessman and former racing driver has been convicted of defrauding the income tax authorities Mr Chappell has made as much as £2.2 million from the BHS deal Chappell has been convicted of swindling t.....
Premier Foods Plc to dispose of its interest in Hovis Holdings
November 06, 2020 09:51 PM AEDT| By Team Kalkine MediaPremier Foods Plc (LON: PFD) will be disposing of its interest in Hovis Holdings Limited to Endless LLP. The company along with its joint venture partner, The Gores Group LLC was holding minority interest of 49 per cent in Hovis since Apri...
Beazley Plc’s Gross premiums written increases by 16% for 9M 2020
November 06, 2020 09:51 PM AEDT| By Team Kalkine MediaBeazley Plc (LON: BEZ) has released the trading statement for the nine months period ended 30 September 2020. Gross premiums written for the reported period increased by 16 per cent to $2,534 million as compared to $2,192 million for the p...
HgCapital Trust Plc to sell Eucon Group
November 06, 2020 09:51 PM AEDT| By Team Kalkine MediaHgCapital Trust Plc (LON: HGT) is going to sell Eucon Group to a leading German insurance group, VHV Group. Though, the terms of the transaction were not disclosed but it values HGT's investment in Eucon at around £11.5 million. The...
Bentley to go fully electric by 2030
November 06, 2020 09:46 PM AEDT| By Team Kalkine MediaIn one of the most ambitious transition by any UK car manufacturers towards electric vehicles, Bentley has announced to stop making petrol cars by 2030. The luxury carmaker under the VW Group vows to produce only plug-in hybrid and all-ele...
Arix Bioscience portfolio company to be acquired by Merck
November 06, 2020 09:46 PM AEDT| By Team Kalkine MediaArix Bioscience Plc’s (LON: ARIX) portfolio company VelosBio Inc will be acquired by Merck for $2.75 billion in cash. As per a definitive agreement entered by VelosBio Inc, Merck through its subsidiary will be acquiring all outstandi...
RSA gets takeover proposal from Intact and Tryg
November 06, 2020 09:45 PM AEDT| By Team Kalkine MediaRSA Insurance Group Plc (LON: RSA) has received a proposal from a consortium of two insurers, Intact Financial Corporation and Tryg A/S regarding a possible offer for the Company. One of the oldest FTSE 100 constituents has received the of...
US Presidential Election 2020: Federal reserve interest rates hold steady
November 06, 2020 05:51 PM AEDT| By Team Kalkine MediaThe Federal Reserve has pledged to take every step to sustain the U.S. economic recovery in coming months, which is threatened by the spread of the deadly coronavirus pandemic and the uncertainty being faced over a still undecid.....
Massive growth on the cards for Medical Equipment Repair Market
November 06, 2020 04:29 PM AEDT| By Team Kalkine MediaThe medical equipment industry has seen considerable growth recently and one of the key segments, the medical device repair market, is anticipated to boom further in the future. The main factors driving the medical equipment repair market are incre.....
AI on the Rise: A Look at Top AI Companies and Their Stocks