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FCA predicts disruptions in financial markets post the end of Brexit transition
November 05, 2020 01:44 PM GMT| By Kunal SawhneyBritish watchdog Financial Conduct Authority has said that there could be unexpected disruptions in the country’s financial markets if Brexit negotiations fail after 31 December. Both sides, the EU and the UK, observe a significant amount o...
Bank of England Injects £150 Billion Stimulus into UK Economy
November 05, 2020 01:10 PM GMT| By Hina ChowdharyThe Bank of England has decided to give another fresh stimulus package of £150bn ($194bn) for the UK economy in the wake of the second lockdown imposed by the British government to control the rise in coronavirus cases in the last few weeks.&.....
Brown (N.) Group Plc reports a 17.6% decline in H1FY21 revenue
November 05, 2020 11:01 AM GMT| By Team Kalkine MediaBrown (N.) Group Plc (LON: BWNG) has released its results for the half year ended 29 August 2020. The overall group revenue declined by 17.6 per cent to £356.7 million as compared to £432.9 million for H1 FY 20. Segment-wise, the...
AstraZeneca Plc’s Lynparza get EU approval for ovarian cancer and mCRPC treatment
November 05, 2020 11:00 AM GMT| By Team Kalkine MediaAstraZeneca Plc (LON: AZN) and Merck & Co., Inc developed Lynparza has received approval from the EU (European Union) first-line maintenance treatment with bevacizumab for ovarian cancer. The approval which follows the recommendation for appro...
Vodafone Group’s Egyptian arm acquires 40 MHz of spectrum
November 05, 2020 11:00 AM GMT| By Team Kalkine MediaVodafone Group Plc’s (LON: VOD) arm Vodafone Egypt has received 40 MHz of 2.6 GHz TDD spectrum from Egypt’s regulatory and competition authority NTRA (National Telecommunications Regulatory Authority). The spectrum will enable the larg...
Lloyds Banking Group Plc resumes job cuts
November 05, 2020 10:59 AM GMT| By Team Kalkine MediaLloyds Banking Group Plc (LON: LLOY) has resumed the job cuts and announced around 1,000 job redundancies. The financial services major is working on its restructuring plan and will cut jobs mostly in the retail and technol...
Marks & Spencer group post its first-ever loss
November 05, 2020 10:57 AM GMT| By Team Kalkine MediaCovid 19 has taken a toll on the business of Marks & Spencer Group Plc (LON: MKS), as the retailer has posted its first-ever loss for the H1 ended on 26 September. The company posted a loss after tax of £71.6 million as compared to a pro...
FTSE 100 gains 5% in 3 days as Biden, Trump fight it out hard in US presidential elections
November 05, 2020 10:51 AM GMT| By Team Kalkine MediaUK stock markets have been on a gaining spree from the last three days with Democratic presidential candidate Joe Biden leading over President Donald Trump in the US presidential elections 2020. The close competition between Biden and Trump has rea.....
Countryside homes shine as city properties lose luster post Covid
November 05, 2020 10:36 AM GMT| By Hina ChowdharySummary House property prices in the British countryside have hit a four-year high with Worcester and Cobham witnessing the highest buyer traffic According to data provided by real estate agent Knight Frank LLP, the Prime Country House Index, f.....
UK Lockdown 2.0 - Which Businesses Are Staying Open and What Is Different This Time
November 05, 2020 07:20 AM GMT| By Team Kalkine MediaThe second coronavirus lockdown will come into force in England from 5 November midnight till 2 December, which will lead to the closure of non-essential shops, pubs, places of worship and gyms. On 31 October, British Prime Minister Boris Johnson .....
ASX market rises, following Wall Street’s rally before the US elections result
November 05, 2020 03:27 AM GMT| By Kunal SawhneyFinally, the world is closer than ever to witness, probably the most important event for the world nowadays, i.e. outcome of the 59th quadrennial US presidential elections. With the current count of 264 electoral votes in favour of Joe Biden, the m.....
Crude Oil rallies over 4% in three days, what is keeping the bulls busy?
November 05, 2020 02:17 AM GMT| By Hina ChowdharyThe Crude oil prices jumped early on 03 November 2020, with Brent benchmark crude prices back above the $40 per barrel, fresh rally in the financial markets and a weaker U.S. dollar on Election Day are considered the main reason for the recent jump.....
AU & US Earnings beat expectations but future still looks gloomy
November 04, 2020 07:00 PM GMT| By Team Kalkine MediaThe coronavirus pandemic has put a dent in the earnings of various sectors and the sector leaders. However, against the initially forecasted drop in the earnings, the recovery has been quite fast across sectors. Looking at the third quarter perfor.....
Octopus Energy buys AI-based energy optimization software firm
November 04, 2020 06:18 PM GMT| By Kunal SawhneyIn a big move in the renewable energy sector in the UK, Octopus Energy has acquired Upside Energy which provides cloud-based energy optimisation solutions, such as electric vehicles (EVs), heat pumps and batteries. The deal will further exp.....
FTSE 100 Soared by 1.67%, Lifted by Healthcare Shares & Weaker Pound; Royal Mail Stock Edged Higher by 8%
November 04, 2020 02:38 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 98.54 points or 2.92 per cent higher at 3,467.70, Dow Jones Industrial Average Index expanded by 617.58 points or 2.25 per cent higher at 28...
How is the US presidential election result going to impact UK stock markets?
November 04, 2020 10:35 AM GMT| By Kunal SawhneySummary In the last two days, the stock markets have been largely skewed by the day-to-day progress in the US presidential election The FTSE 100 has consolidated the gains in the last two sessions with an upswing of nearly 4 per cent .....
Stobart Group Limited reports 89.5% fall in passenger numbers in H1 FY21
November 04, 2020 10:32 AM GMT| By Team Kalkine MediaStobart Group Limited (LON: STOB) has released its results for the six months to 31 August 2020. The Aviation division of the group was severely impacted by COVID-19 and despite resumption of passenger flights from June 2020, passenger numbers fel...
Medica Group Plc acquires Diagnostics Ireland
November 04, 2020 10:31 AM GMT| By Team Kalkine MediaMedica Group Plc (LON: MGP) has acquired a market leader for teleradiology services in Ireland, Diagnostics Ireland. The company has acquired the Diagnostics Ireland from Centric Health, a private Irish healthcare group for a ash consideration of...
Morgan Sindall Group expects daily net cash for the year to be higher than expected
November 04, 2020 10:31 AM GMT| By Team Kalkine MediaMorgan Sindall Group Plc (LON: MGNS) has released trading update and the outlook for the 2020 financial year. For the period from 1 January through to 31 October, the average daily net cash of the group was £167million, higher by £58 m...
Octopus Energy acquires Upside Energy
November 04, 2020 10:30 AM GMT| By Team Kalkine MediaUK’s tech unicorn Octopus Energy has acquired Upside Energy in a bid to establish the base of its new technology innovation centre. The company is establishing a tech hub in Manchester and has announced its intention to create 1,000 jobs acr...
