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UK and US Equities Traded Lower; Aveva Group Stock Surged by 6.97%
January 16, 2021 04:08 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 39.28 points or 1.03 per cent lower at 3,756.26, Dow Jones Industrial Average Index contracted by 321.48 points or 1.04 per cent lower at 30,6...
The rise of Robinhood in 2020 amid controversies
January 16, 2021 03:58 AM AEDT| By Team Kalkine MediaThe year 2020 had been volatile for the stock market. The share market was gripped by fear and massive uncertainty throughout the year, adding to the market volatility. New or first-time traders saw a lot of opportunities in such a market c.....
UK’s economy shrank by 2.6 per cent in November
January 15, 2021 09:42 PM AEDT| By Hina ChowdharyThe gross domestic product of Britain fell by 2.6 per cent for November last year, according to latest data from the Office of National Statistics. This is the first step towards a double dip recession for the UK economy. The month’s .....
Gunvor Clinches Big Oil Deal with Russia’s Rosneft
January 15, 2021 09:39 PM AEDT| By Hina ChowdharyGunvor, one of the world's largest independent commodities trading houses, has won a big tender for the first time in eight years from Russia’s largest oil firm Rosneft. The Switzerland-based trading house is expected to carry out large volum.....
Pimlico Plumbers will give out 'no jab, no job' contracts to workers
January 15, 2021 09:27 PM AEDT| By Team Kalkine MediaPimlico Plumbers said it would soon introduce job contracts where it will include “no jab, no job” policy. Charlie Mullins, Pimlico’s founder, said the company is drafting new contracts with its lawyers wh...
Boohoo (LON: BOO) sales surges in Christmas season
January 15, 2021 09:27 PM AEDT| By Team Kalkine MediaBoohoo Group Plc’s (LON: BOO) sales surged by at least 40 per cent in the period preceding Christmas as shoppers ignored the company’s link with poor working condition charges in factories in the UK. Boohoo&rsqu...
Lockdown prompt surge in sales at Lidl, Just Eat
January 15, 2021 09:24 PM AEDT| By Team Kalkine MediaFood courier company Just Eat Takeaway.Com N.V. (LON: JET) and retail chain Lidl have posted a surge in sales in the final weeks of 2020. Due to the lockdown restrictions, delivery orders surged by almost 400 per cent in Q4...
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FTSE 100 likely to open lower as investors turn skeptical over recovery
January 15, 2021 07:51 PM AEDT| By Team Kalkine MediaUK stock markets are likely to open lower on Friday, 15 January, as investors’ confidence has been once again fazed by the concerns over the global economic recovery. Most of the European nations are proceeding ahead with tighter restrictions w...
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Sunak under pressure to extend pandemic support measures
January 15, 2021 07:30 PM AEDT| By Team Kalkine MediaRishi Sunak, chancellor, British exchequer has come under pressure from various lobby groups to offer more Covid support to the UK businesses. Government figures are likely to confirm that the nation is under a double-dip recession with many busine.....
How Chinese Ban on Australian Coal Reshuffled The Global Coal Trade?
January 15, 2021 05:20 PM AEDT| By Kunal SawhneyThe Australian mining sector accounts for around 10% of the country’s GDP and makes up for over 50% of the nation's exports. Asian countries including China, Japan and South Korea are the major importers of Australian resources. The Oceanian.....
Google acquires Fitbit in USD 2.1 billion deal, Regulatory Probe Continues
January 15, 2021 03:50 PM AEDT| By Team Kalkine MediaThe market leader in the online advertising business, Alphabet-owned Google, has completed the health device producer Fitbit's acquisition worth USD 2.1 billion. Image source: pixabay The mega-company announced it on 14 January 2021. The .....
Xiaomi shares slip after the US investment ban
January 15, 2021 03:41 PM AEDT| By Team Kalkine MediaCranking up pressure on Beijing, the United States’ Department of Defence has blacklisted nine Chinese companies, including Xiaomi Corporation. The US investors would be barred from investing in the alleged “Communist Chinese military c.....
What’s Inside Joe Biden’s US$1.9 Trillion Coronavirus Rescue Package?
January 15, 2021 02:24 PM AEDT| By Kunal SawhneyA long-raging presidential battle packed with a series of overturning events appears to be finally over, and Joe Biden is expected to take oath as the US President in a public ceremony on 20 January 2021. However, before assuming his office, Joe Bi.....
The spotlight on Affirm and its bearing on the Market
January 15, 2021 01:36 PM AEDT| By Kunal SawhneyBNPL sector got a momentum ever since the beginning of the pandemic. The concept of 'Buy Now Pay Later' is clicked during a period when consumers were facing financial crunch and prefer to pay in instalments rather than making payment in one go. Th.....
Real Estate & Mining Shares Lifted FTSE 100 Higher by 0.84%; Just Group Stock Rallied 19.29%
January 15, 2021 11:43 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.20 points or 0.32 per cent higher at 3,822.04, Dow Jones Industrial Average Index expanded by 142.21 points or 0.46 per cent higher at 31...
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Real Estate & Mining Shares Lifted FTSE 100 Higher by 0.84%; Just Group Stock Rallied 19.29%
January 15, 2021 05:27 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.20 points or 0.32 per cent higher at 3,822.04, Dow Jones Industrial Average Index expanded by 142.21 points or 0.46 per cent higher at 31...
Past COVID-19 infection can provide immunity for at least five months, shows study
January 14, 2021 10:41 PM AEDT| By Kunal SawhneySummary Most number of people with prior Covid-19 infection are likely to develop protection against reinfection, says study The study is further examining the extent and range of protection Tens of thousands of health workers from the NHS, v.....
Unilever says workers won't go back to office desks full time
January 14, 2021 08:44 PM AEDT| By Team Kalkine MediaUnilever Plc (LON: ULVR) CEO Alan Jope has said his workers will never return to the office for five days a week, terming the process an old fashioned one. Jope said the company is experimenting with different working patterns afte...
Shakira sells publishing rights to Hipgnosis (LON: SONG)
January 14, 2021 08:43 PM AEDT| By Team Kalkine MediaColombian singing sensation Shakira has sold the publishing rights of her songs to music royalties investment firm Hipgnosis Songs Fund Limited (LON: SONG), an investment company registered in Guernsey, for an undisclosed amount. S...
Debenhams to shut six of its stores permanently
January 14, 2021 08:43 PM AEDT| By Team Kalkine MediaDebenhams will permanently close down six of its stores in the UK, including the flagship branch on London’s Oxford Street. This would impact 320 jobs. The branches at Portsmouth, Weymouth, Worcester, Staines and Harr...
