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Iomart Group Plc (LON: IOM) report a modest 2% increase in revenue for H1 2020
December 01, 2020 04:27 PM GMT| By Team Kalkine MediaIomart Group Plc (LON: IOM) has released its half yearly results for the period ended 30 September 2020. Revenue for the period was up by a modest 2 per cent to £56.3 million as compared to £55.1 million for H1 2020. The contri...
Grafton Group Plc (LON: GFTU) acquires AVC (StairBox) Ltd
December 01, 2020 04:27 PM GMT| By Team Kalkine MediaGrafton Group Plc (LON: GFTU) has acquired an industry leading UK manufacturer and distributor of bespoke wooden staircases, AVC (StairBox) Ltd. The acquisition is for a consideration of £44 million on a cash and debt-free basis. It...
Tekmar Group Plc (LON: TGP) report revenue decline to £15.2 million in H1 2021
December 01, 2020 04:26 PM GMT| By Team Kalkine MediaTekmar Group Plc (LON: TGP) has released its half-year results for the six months ended 30 September 2020. Revenue of the company in the reported period declined to £15.2 million as compared to £17.1 million reported in H1 2020...
Pets At Home (LON: PETS) disposes of five Specialist Group
December 01, 2020 04:26 PM GMT| By Team Kalkine MediaPets At Home Group Plc (LON: PETS) has disposed of its five Specialist referral practices group. The disposal for a cash consideration of up to £100 million has been done to Linnaeus Group, a subsidiary of Mars Veterinary Health. Th...
Neil Woodford's investors to get the fourth tranche of payouts in December
December 01, 2020 04:25 PM GMT| By Team Kalkine MediaInvestors trapped in Neil Woodford's defunct Equity Income fund can expect a further payment next month. Link Fund Solutions, acting as an authorised corporate director to the fund, has completed the sale of some of the fund's assets to Ac...
EasyJet Plc (LON: EZJ) to provide a cheaper and easier COVID-19 test to its customers
December 01, 2020 04:25 PM GMT| By Team Kalkine MediaLow-cost British airline EasyJet Plc (LON: EZJ) is providing cheaper and easier testing options to its passengers. The airline has collaborated with two testing firms, Confirm Testing and City Doc to provide COVID-19 test for as low as &po...
OptiGene’s ‘No-swab’ coronavirus test found to be highly sensitive
December 01, 2020 11:57 AM GMT| By Team Kalkine MediaAn evaluation of OptiGene’s RT-LAMP Covid-19 tests carried out by NHS trusts and universities has confirmed its high sensitivity to the virus. The British government has also confirmed that the technical and clinical assessment of the tests wer...
Main economic boost from vaccines to follow later: BoE
December 01, 2020 11:40 AM GMT| By Hina ChowdharySilvana Tenreyro, policymaker, Bank of England said that the principal economic boost from the ongoing vaccination progress would only come once the Covid-19 vaccines are rolled out in the market. She added that the BoE needed to watch out for any pr...
FTSE 100 leaps 12% in November, what’s expected in December?
December 01, 2020 09:21 AM GMT| By Kunal SawhneyStock markets across the world from New York to London to Tokyo have witnessed a raging run in November with their respective stock indices registering sharp gains on the back of a number of issues mainly due to vaccine arrival optimism. Almost all s...
Ailing Caffè Nero rejects bid from Issa Brothers ahead of creditors meet
December 01, 2020 08:47 AM GMT| By Hina ChowdharySummary The company has rejected an offer from Issa brothers, asking the creditors to help out the solution The company said the Issa brothers offer was not suitable for the company and its stakeholders The coffee shop chain has also asked for.....
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Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
December 01, 2020 06:18 PM AEDT| By Kunal SawhneyBitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past,...
UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
December 01, 2020 04:18 AM GMT| By Team Kalkine MediaArcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
December 01, 2020 01:30 AM GMT| By Edita IvancevicPharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....
FTSE AIM Index Inched Higher by 1.11%; Gold & Crude Oil Prices Traded Lower
November 30, 2020 04:59 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 37.72 points or 1.04 per cent lower at 3,600.63, Dow Jones Industrial Average Index decreased by 401.29 points or 1.34 per cent lower at 29,50...
FTSE 100 On Track to Post Best Month Of 2020 So Far
November 30, 2020 03:09 PM GMT| By Kunal SawhneyUK stock markets have witnessed a higher number of positive trading sessions in the present calendar year with the key stock index FTSE 100 on track to register the best month of the coronavirus pandemic-led 2020. The aftermath of coronavirus has kep...
Missed Black Friday Sale? Here are Cyber Monday Deals 2020 in the UK
November 30, 2020 01:00 PM GMT| By Team Kalkine MediaThe Black Friday is the Friday after Thanksgiving Day, but if by chance you miss shopping on that day, Cyber Monday falls on the following Monday and showcases mostly tech-related deals. The tradition of Cyber Monday has its roots in the United State...
UK to ban installation of 5G equipment by Huawei from September 2021
November 30, 2020 11:45 AM GMT| By Hina ChowdharySummary Earlier this year, the UK had decided to phase out Huawei telecom equipment from its 5G networks, after its cyber security establishment CSC concluded that its equipment posed national security risk. The government has already banned bu.....
Tighter Tier System: How Will It Affect the Hospitality Sector
November 30, 2020 10:36 AM GMT| By Kunal SawhneyThe UK government has decided to implement a tighter tier system from this week after the second lockdown gets over on 2 December. The new tier system, which will be in place from 3 December, is being introduced as the risk of a sudden spike still ex...
Bushveld Minerals Limited (LON: BMN) satisfies conditions for the drawdown of USD 30 million
November 30, 2020 09:20 AM GMT| By Team Kalkine MediaBushveld Minerals Limited (LON: BMN) has satisfied the conditions required to drawdown the USD 30 million under the PFA (Production Financing Agreement) and the unsecured Convertible Loan Notes of USD35 million. The Convertible Loan Notes...
AstraZeneca Plc’s (LON: AZN) Forxiga receive Japanese approval
November 30, 2020 09:19 AM GMT| By Team Kalkine MediaAstraZeneca Plc’s (LON: AZN) Forxiga has received approval in Japan from the Ministry of Health, Labour and Welfare for the treatment of patients with chronic heart failure. Forxiga the first sodium-glucose co-transporter 2 (...
