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Zambeef Products Plc (LON: ZAM) expects to report FY20 results line with current market expectations
November 26, 2020 12:42 PM GMT| By Team Kalkine MediaZambeef Products Plc (LON: ZAM) has released a trading statement and hopes to report audited dollar denominated revenue and EBITDA in line with current market expectations. The EBIT and adjusted Profit Before Tax are expected to be over 25...
Mountview Estates Plc (LON: MTVW) reports a 24.7% decline in turnover for H1 FY20
November 26, 2020 12:41 PM GMT| By Team Kalkine MediaMountview Estates Plc (LON: MTVW) has released the results for the half-year ended 30 September 2020. Turnover of the company declined by 24.7 per cent to £22.5 million as compared to £29.9 million in 2019. For the reported pe...
AA Plc (LON: AA.) accepts takeover bid from TowerBrook and Warburg Pincus
November 26, 2020 12:41 PM GMT| By Team Kalkine MediaAA Plc (LON: AA.) has accepted the £219 million takeover bid from investors TowerBrook and Warburg Pincus. AA shareholders shall be entitled to receive 35 pence in cash for each AA share held. The newly incorporated entity of two in...
Lookers Plc (LON: LOOK) suffered a loss of £45.5 million in FY19
November 26, 2020 12:40 PM GMT| By Team Kalkine MediaLookers Plc (LON: LOOK), one of the leading UK motor retail groups, has finally reported that it suffered a loss of £45.5 million in FY19 as compared to a profit of £41.9 million in the previous year. The company had delayed it...
Future Plc (LON: FUTR) to acquire comparison website GoCompare
November 26, 2020 12:40 PM GMT| By Team Kalkine MediaFuture Plc (LON: FUTR), a leading global platform for specialist media, will be acquiring GoCompare, a comparison website. GoCompare Group Shareholders will receive 0.052 new future shares and 33 pence in cash taking the GoCompare Group Sh...
Covid Christmas rules: how will they impact British hospitality and retail?
November 26, 2020 10:37 AM GMT| By Kunal SawhneyPrime Minister Boris Johnson has allowed families to mix up and celebrate the festive period during 23 to 27 December in the form of what he called a ‘Christmas bubble’. Up to three households are allowed to meet each other and .....
Covid-19: Inadequate Supply of PPE Cost Taxpayers Extra £10billion
November 26, 2020 10:29 AM GMT| By Hina ChowdharyThe United Kingdom has spent a whopping £10 billion more for personal protective equipment (PPE) kits because of a heightened global demand and its failure to procure and stockpile before the pandemic, a report published by the National Audit.....
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Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 09:47 AM GMT| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
UK Car Production Plummets 18.2 Per Cent in October
November 26, 2020 09:16 AM GMT| By Kunal SawhneyThe car production in the UK has fallen by 18.2 per cent in October as the coronavirus spread, and the frequent lockdowns continue to impact the market. According to the Society of Motor Manufacturers and Traders (SMMT), around 110,179 cars were ma.....
Why DJIA, S&P 500 Ended in Red A Day After Climbing to Record High
November 26, 2020 08:47 AM GMT| By Hina ChowdharySummary US stock markets ended in red on Wednesday While Nasdaq Composite concluded on a positive footing, the main stock indices DJIA and S&P 500 closed marginally lower US stock markets ended in negative territory on Wednesda.....
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Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
November 26, 2020 04:00 AM GMT| By Team Kalkine MediaGerman media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval .....
BoE Governor Warns A No-deal Brexit Would Cost More Than Covid-19
November 25, 2020 05:18 PM GMT| By Kunal SawhneyThe UK could see a bigger economic slump than the coronavirus pandemic has caused if Britain decides to move ahead without a trade deal with the European Union (EU), Bank of England (BoE) Governor Andrew Bailey has cautioned. While addressing the .....
Sunak’s spending review 2020 at a glance
November 25, 2020 05:14 PM GMT| By Team Kalkine MediaThe UK Chancellor Rishi Sunak released the public spending plan on Wednesday 24 November, setting out the government’s allocations to different services and departments. The review prioritised the nation’s response to Covid-19 w.....
British Equities Traded Lower on Virus Concerns; Shares of Unilever Edged Higher by 5.07%
November 25, 2020 04:30 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 10.11 points or 0.28 per cent lower at 3,625.30, Dow Jones Industrial Average Index decreased by 139.85 points or 0.47 per cent lower...
How will a change in the Capital Gains Tax regime benefit the government
November 25, 2020 03:23 PM GMT| By Kunal SawhneyThe United Kingdom could be moving into a new Capital Gains Tax regime where these taxes can double up from their current levels, according to the Office for Tax Simplification (OTS). UK Chancellor Rishi Sunak in July had asked the office to review.....
How prepared is the UK auto sector for a no-deal Brexit?
November 25, 2020 01:21 PM GMT| By Hina ChowdharyWith Brexit negotiations reaching the final rounds, the UK automotive industry has recently submitted a petition for a zero-tariff trade deal. The call came after a new survey conducted by the Society of Motor Manufacturers and Traders (SMMT) stated...
Helical Plc (LON: HLCL) reports an IFRS loss before tax of £12.7million for H1FY 20
November 25, 2020 11:51 AM GMT| By Team Kalkine MediaHelical Plc (LON: HLCL) has released its results for the six months to 30 September 2020. The company reported an IFRS loss before tax of £12.7 million for the reported period as compared to a profit of £13.1 million for 2019....
GlobalData Plc (LON: DATA) reports 5% revenue growth for 10 months ended 31 October 2020
November 25, 2020 11:50 AM GMT| By Team Kalkine MediaGlobalData Plc (LON: DATA) has released a trading update for the 10 months to 31 October 2020. There was 5 per cent growth in revenue, excluding events for the period as compared to the same period of the last year. Forward contracted rev...
Future Plc (LON: FUTR) reports 53% surge in revenue for FY20
November 25, 2020 11:44 AM GMT| By Team Kalkine MediaFuture Plc (LON: FUTR) has released its results for the year ended 30 September 2020. Revenue for the year surged by 53 per cent to £6 million as compared to £221.5 million in the previous year. The revenue growth was led by o...
Compass Group Plc (LON: CPG) financials get severely impacted by COVID-19
November 25, 2020 11:43 AM GMT| By Team Kalkine MediaCompass Group Plc (LON: CPG) has reported a severe impact of COVID-19 on the business from the late Q2, which led to the weak financial year. The company reported a huge drop in operating profit of 69.7 per cent, while the profit before ta...
