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British factories record fastest growth in 3 years
December 03, 2020 07:24 AM GMT| By Kunal SawhneyThe UK Manufacturing Purchasing Managers’ Index (PMI) climbed to 55.6 in November, up from 53.7 in October, bringing cheer for the sector. However, the downturn in employment for the sector continued for the tenth consecutive month, revealed .....
Pires Investments (LON: PIRI) makes a big foray into cryptocurrency
December 03, 2020 07:19 AM GMT| By Team Kalkine MediaSummary Pires Investments has entered into a share purchase agreement with DeTech Studio Ltd for 1,765 new ordinary shares representing 16 per cent of the latter’s equity value. The company has also entered into a YOP token agreement with.....
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 03, 2020 02:44 AM GMT| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
FTSE 100 Rallied by 1.23% After UK Regulators Approved Pfizer-BioNTech Vaccine Rollout; Pound Falls Against Dollar
December 02, 2020 04:50 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 4.50 points or 0.12 per cent lower at 3,657.95, Dow Jones Industrial Average Index dipped by 56.61 points or 0.19 per cent lower at 29,767.31,...
Tier-Based System Goes Live, Boris Faces Tory Rebellion
December 02, 2020 02:43 PM GMT| By Hina ChowdharyThe tier-based lockdown plans proposed by the British Government have finally received the approval from the parliamentarians in the House of Commons on 1 December. The new rules, which were implemented from 2 December, were supported by 291 votes .....
IDOX Plc (LON: IDOX) won a new contract in partnership with Fujitsu and Elite Training
December 02, 2020 09:53 AM GMT| By Team Kalkine MediaIDOX Plc (LON: IDOX) has won a contract with the Scottish Government and Scottish Local Authorities. The five-year contract was won under open tender in partnership with Fujitsu and Elite Training. The partnership has to deliver the elect...
Hummingbird Resources Plc (LON: HUM) releases operational update of Yanfolila mine visit
December 02, 2020 09:52 AM GMT| By Team Kalkine MediaHummingbird Resources Plc (LON: HUM) has released an operational update in view of a management site visit to the Yanfolila mine. The major focus of the site visit was to review Hummingbird's current and future mine plans and the 2021 budg...
Avon Rubber Plc (LON: AVON) report 30.8% increase in revenue for FY20
December 02, 2020 09:52 AM GMT| By Team Kalkine MediaAvon Rubber Plc (LON: AVON) has released its results for the year ended 30 September 2020. The company reported strong financial delivery with revenue growth of 30.8 per cent to £168.0 million as compared to £128.4 million in t...
Lastminute.com (LON: 0QT0) to refund more than £7 million for cancelled package holidays
December 02, 2020 09:50 AM GMT| By Team Kalkine MediaHoliday firm Lastminute.com (LON: 0QT0) has decided to refund more than £7 million for the package holidays which were cancelled due to the Covid-19 crisis. The booking site will repay at least half of the customers by 16 December an...
Royal Mail Plc (LON: RMG) hike first- and second-class stamp prices
December 02, 2020 09:50 AM GMT| By Team Kalkine MediaRoyal Mail Plc (LON: RMG) has raised the prices of its first-class and second-class stamp, effective 1 January. While the first-class stamp price has been increased by 9 pence to 85 pence, the second-class stamp has received a hike of 1 pe...
Debenhams goes into liquidation, to close after Christmas
December 02, 2020 09:48 AM GMT| By Team Kalkine MediaIconic British department store group Debenhams is to be wound down after Christmas, putting 12,000 jobs at risk. Debenhams administrators FRP Advisory said that the company would be liquidated as it failed to find a buyer. The administra...
UK housing upbeat: Mortgage approvals reach a 13-year high
December 02, 2020 08:43 AM GMT| By Kunal SawhneySummary The housing market has been one of the strongest performing UK sectors this year, after it reopened after the first lockdown in May Mortgage approvals in October reached a high value of 97,500 The primary reason for the rise in demand .....
This is how Travis Scott is making his millions
December 02, 2020 08:24 AM GMT| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 07:53 AM GMT| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
BHP inks deal with Shell to power LNG carriers
December 02, 2020 03:07 AM GMT| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
Ether up 4x this year, all eyes on Ethereum 2.0
December 02, 2020 01:13 PM AEDT| By Kunal SawhneyWhile the most popular cryptocurrency bitcoin is soaring high nowadays, Ether, the world's second-biggest virtual currency by market value, is following the trend. It is up more than 4x this year. Since the beginning of the year, cryptocurrency has b...
2020’s Much-awaited Airbnb IPO Set to Launch In December!
December 02, 2020 02:09 AM GMT| By Team Kalkine MediaThe famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....
Salesforce To Acquire Slack Technologies, Signs Definitive Agreement
December 02, 2020 01:20 AM GMT| By Team Kalkine MediaOne of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....
OPEC+ Delays Production Cut Decision, November Rally Halts
December 02, 2020 12:49 AM GMT| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...
UK and US Markets’ Accelerated on Vaccine Hopes; FTSE 100 Zoomed by 1.89%
December 01, 2020 11:42 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 50.74 points or 1.40 per cent higher at 3,672.37, Dow Jones Industrial Average Index increased by 416.65 points or 1.41 per cent higher at 3...
