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B&M announces special dividend of £250 million
November 13, 2020 12:41 PM GMT| By Team Kalkine MediaB&M European Value Retail S.A. (LON: BME) has reported a surge of over 25 per cent in its revenue for the first half of FY21. The company has reported strong sales performance spread across all key product categories, which has led B&a...
Ford Unveils New All-Electric Commercial Transit Van
November 13, 2020 05:33 AM GMT| By Kunal SawhneyAs part of Ford's plan to invest USD 11.5 billion in electric vehicles through 2022, the American automaker company has unveiled its new all-electric Transit van. Ford is expecting to give rivals a good run for their money with E-Transit in the com.....
Business secretary: Government has provided monetary aid worth £200 billion in last 8 months
November 13, 2020 01:52 AM GMT| By Team Kalkine MediaWith the ongoing term of second lockdown in the United Kingdom, the fears of a strained business activity have been anticipated by most of the sectors. The reimposition of curbs on travel and hospitality along with other restrictions affecting vari.....
UK’s GDP Accelerated by 15.5% in the Third Quarter While Industrial Output Surged by 0.5% in September
November 12, 2020 06:18 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 43.91 points or 1.23 per cent lower at 3,528.75, Dow Jones Industrial Average Index contracted by 394.06 points or 1.34 per cent lower at 29,0...
FTSE 100 scales 5-month high with 14% gain in trading 8 days as markets recover from Covid-19 crash
November 12, 2020 02:35 PM GMT| By Hina ChowdharyThe UK stock markets have been largely rising from the last eight trading sessions recovering considerable losses realised due to the Covid-19 fears led crash in February-March. The benchmark FTSE 100 has advanced more than 14 per cent in th.....
UK becomes the first European country to record more than 50,000 coronavirus-related deaths
November 12, 2020 09:50 AM GMT| By Team Kalkine MediaThe United Kingdom on Wednesday has become the fifth country in the world and the first country in Europe to record more than 50,000 coronavirus-related deaths. As per the tally of Johns Hopkins University, UK joined the United States, Bra...
Volex Plc to acquire DEKA
November 12, 2020 09:50 AM GMT| By Team Kalkine MediaVolex Plc (LON: VLX) has accelerated its growth strategy and signed a share purchase agreement for the proposed acquisition of DEKA (De-Ka Elektroteknik Sanayi ve Ticaret Anonim Şirketi). The proposed acquisition of DEKA is on a debt-free....
WH Smith Plc reports headline loss of £69 million for the year ended 31 august 2020
November 12, 2020 09:49 AM GMT| By Team Kalkine MediaWH Smith Plc (LON: SMWH) has released its preliminary results announcement for the year ended 31 august 2020. The company has reported a headline loss of £69 million; however, the trend showed signs of improvement prior to the second...
Wetherspoon chief calls government regulations baffling and confusing
November 12, 2020 09:49 AM GMT| By Team Kalkine MediaJ D Wetherspoon Plc, for the 15 weeks period to 8 November has registered a 27.6 per cent decline in like-for-like sales. Company’s 756 pubs in England, Northern Ireland and the Republic of Ireland remain closed and are likely to hav...
BAE Systems bags contracts worth more than $30 million from the US Navy
November 12, 2020 09:48 AM GMT| By Team Kalkine MediaBAE Systems Plc (LON: BA.) has been awarded contracts worth over $30 million from the US Navy. The contract is for two Arleigh Burke class destroyers for Consolidated Afloat Network Enterprise Services (CANES). Under the first order, whic...
Rolls-Royce led consortium planning to build up to 16 mini-nuclear plants
November 12, 2020 09:47 AM GMT| By Team Kalkine MediaA consortium led by Engineering giant Rolls-Royce Holdings Plc (LON: RR.) is planning to build up to 16 mini-nuclear plants in the United Kingdom. As per the company, the mini-nuclear plants, which are projected to deliver up to 440MW of e...
COVID-19 vaccine breakthrough fuels US tech stocks’ sell-off
November 12, 2020 07:13 AM GMT| By Kunal SawhneyThe US achieved a significant milestone in the direction of COVID-19 vaccine when on 09 November 2020, Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced that their mRNA-based vaccine candidate, BNT162b2 is 90% effective in preventing.....
UK economy grew strongly in Q3 as lockdown measures eased
November 12, 2020 06:09 AM GMT| By Team Kalkine MediaThe gross domestic product (GDP) for Britain grew at a record pace of 15.5 per cent for July to September 2020 quarter, reflecting a strong recovery after a record contraction of close to 20 per cent in the previous quarter of the year. In .....
How will Biden victory affect health insurance in the US?
November 12, 2020 06:06 AM GMT| By Edita IvancevicAfter the US welcomed their new Democrat president Joe Biden in the most intense presidential elections ever, many Americans greeted the decision with a smile on their face. Fireworks, beeping cards, and singing pop classics could be both seen and .....
How Yellow Messenger’s WhatsApp Virtual Assistant Will Empower Businesses
November 12, 2020 05:02 AM GMT| By Hina ChowdharyAmid the coronavirus pandemic-laden challenging situations, most businesses have been facing a slump in sales largely due to the relatively lower spending capacity of the customers, and a temporarily disconnected customer-to-enterprise relation fol.....
Will Government Follow OTS Report Stating It Can Raise £14 Billion By Hiking CGT Tax?
November 12, 2020 04:42 AM GMT| By Team Kalkine MediaIn an attempt to replenish the British government’s battered finances, the Office for Tax Simplification (OTS) has said that the Treasury could raise up to £14 billion by doubling the amount of Capital Gain Tax (CGT). The report of OTS.....
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UK and US Shares Continued their Upward Journey; Crude Oil Prices at a Two-month High Level
November 11, 2020 05:13 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 19.48 points or 0.55 per cent higher at 3,565.01, Dow Jones Industrial Average Index surged by 27.09 points or 0.09 per cent higher at 29,44...
Why Royal Caribbean shares saw a 29% spike
November 11, 2020 11:53 AM GMT| By Hina ChowdharyThe travel and tourism industry has been hit the hardest by the backlash of the coronavirus pandemic as most countries restricted international and non-essential domestic travels after the Covid-19 cases started spreading. A .....
Real Estate Investors Plc announces several property disposals
November 11, 2020 10:35 AM GMT| By Team Kalkine MediaReal Estate Investors Plc (LON: RLE), in order to capitalising on the strong private and corporate investor market, has announced various unconditional exchanges. The company has unconditionally exchanged deals on several properties, at or...
Ricardo Plc reports strong overall order intake at £105.2 million for quarter to 30 September 2020
November 11, 2020 10:35 AM GMT| By Team Kalkine MediaRicardo Plc (LON: RCDO) has released its trading update for quarter to 30 September 2020. The company reported strong overall order intake at £105.2 million, which was 19 per cent higher on the pre-COVID quarter to 30 September 2019....
