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Services of NatWest And RBS Interrupted By Outages
September 18, 2020 10:09 PM BST| By Team Kalkine MediaSummary 16 September 2020 was a bad day for NatWest and Royal Bank of Scotland customers The impacted customers took to twitter handle to complain about their struggle with their online accounts Some of them were unable to log in, make payment.....
Stellar Debut of the Hut Group- Can It End the IPO Dry Spell Of 2020?
September 18, 2020 07:04 PM BST| By Team Kalkine MediaSummary Shares of THG were up by around 30 per cent from their IPO price of 500 pence on the listing day The IPO size was around £1.88 billion, which comprised 184,000,000 new Shares from a total of 376,273,998 shares. Two major IPOs ex.....
Yoshihide Suga takes over Japan’s reigns: A difficult road ahead?
September 18, 2020 03:00 PM BST| By Team Kalkine MediaJapan’s longest-serving Prime Minister, Shinzo Abe steps down from the power on account of his chronic health issues. His abrupt departure, however, leaves a trail of challenges that would require dedicated focus from his successor, Chief Cab.....
Integumen Plc reports 290% jump in H1 2020 revenue
September 18, 2020 01:10 PM BST| By Team Kalkine MediaIntegumen Plc (LON: SKIN) has released its results for the six months ended 30 June 2020. COVID-19 presented a considerable growth of new business opportunities for the company and its unaudited revenues were up 290 per cent for H1 2020 to...
Buffett-backed Snowflake Makes Bumper Market Debut, All That You Need to Know!
September 18, 2020 11:48 AM BST| By Team Kalkine MediaWhile the IPO market went into a deep freeze in the first half of the year amidst COVID-19-induced fears, the market seems to be springing back to life on rebounding equities and economic recovery hopes. Tapping lucrative opportunity in the revivin.....
JLEN Environmental Assets Group Limited acquires Northern Hydropower
September 18, 2020 11:08 AM BST| By Team Kalkine MediaJLEN Environmental Assets Group Limited (LON: JLEN) has acquired Northern Hydropower Holdings Limited from a group of high-net-worth investors. The company paid £4.74 million as the total consideration for the acquisition, including...
Kingswood Holdings Limited reports a 96% jump in H1 2020 revenue
September 18, 2020 11:06 AM BST| By Team Kalkine MediaKingswood Holdings Limited (LON: KWG) has released its financial results for the half year ended 30 June 2020. Reflecting the impact of recent acquisitions, the company’s revenue surged by 96 per cent to a total of £ 8.25 milli...
City of London Investment Trust Plc reports NAV total return of -14.6% for FY2020
September 18, 2020 11:04 AM BST| By Team Kalkine MediaCity of London Investment Trust Plc (LON: CTY) has released its results for the year ended 30 June 2020. NAV (Net asset value) per ordinary share of the company for the year was down by 14.6 per cent, mainly due to gearing. The gearing of...
Falanx Group Limited wins a new strategic contract
September 18, 2020 11:02 AM BST| By Team Kalkine MediaFalanx Group Limited (LON: FLX) has won a new contract for its Cybersecurity monitoring services through its recently launched Triarii MDR (Managed Detection and Response) platform. The new contract signifies the first sale of a brand new...
Investec Plc’s third-party FUM for the five months to 31 August 2020 increase by 14.1%
September 18, 2020 11:00 AM BST| By Team Kalkine MediaInvestec Plc (LON: INVP) has released its pre-close trading update for the six months ending 30 September 2020. The first half of the year remained muted for the company due to the pandemic and has seen lower average interest rates, reduce...
How is cryptocurrency going to be regulated in the EU?
September 18, 2020 07:49 PM AEST| By Edita IvancevicNot so long ago, most nations did not completely regulate cryptocurrencies. However, a recently leaked European Commission draft suggests that the EU will soon have laws and regulations that will monitor the capital gained from these digital assets.....
Why we do not understand Bitcoin?
September 18, 2020 07:23 PM AEST| By Edita IvancevicWhen bitcoin emerged back in 2009, no one would have thought it would come to the level where it is, at the present time. It was greeted with scepticism because everyone was used to fiat currencies, thinking that bitcoin was not genuine since it di.....
Brexit deal: EC President says chances fading away every day
September 18, 2020 10:15 AM BST| By Team Kalkine MediaThe European Union (EU) chief executive said on 16 September 2020 that chances for the Brexit deal are fading every day as very little time is left to put the deal in place. Ursula von der Leyen, the President of the European Commission (EC) said t.....
TikTok Jumping Through Hoops: Anticipated IPO & Hunt For A New CEO Amid White House Decision
September 18, 2020 09:16 AM BST| By Team Kalkine MediaTikTok has become the hottest point of disagreement between the world’s biggest economies, the United States and China, which have battled over trade, security, and tech dominance amid growth virus spat. The popular short video app, especial.....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 08:57 AM BST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....
How Are Global Crude Oil Giants Responding to the New Normal?
September 18, 2020 06:38 AM BST| By Team Kalkine MediaSaudi Arabia, the world’s largest crude oil producer, has been supplying crude oil at a price lower than international prices to China in order to capture higher market share. However, the market situation changed as China ran out of space to.....
Technology sector traded in green; Airtel Africa share price surged by 9.44%.
September 18, 2020 05:01 AM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 44.63 points or 1.33 per cent lower at 3,312.38, Dow Jones Industrial Average Index contracted by 285.79 points or 1.02 per cent lower at 27,6...
Are Amazon, Tesla, and Alibaba the growth stocks in a slower economic growth world?
September 18, 2020 04:56 AM BST| By Team Kalkine MediaThe impact of COVID-19 pandemic on the stock market is one such black swan event that caught nearly everybody by surprise, and has possibly impacted the businesses across several sectors Globally, coronavirus swallowed the growth made by numerous .....
High Court rules in favour of policyholders for business interruption case
September 17, 2020 08:52 PM BST| By Team Kalkine MediaSummary In the business interruption case, the High Court ruled in policyholders’ favour. The Court directed the insurers to pay the businesses that were forced to close because of the coronavirus pandemic. The FCA brought a test case to.....
Is the US set for low-interest rates for the next 3 years? The Fed believes so
September 17, 2020 02:11 PM BST| By Team Kalkine MediaThe US Federal Reserve Board announced a major policy change on 27 August to keep low-interest rates and allowed inflation to run above 2% to support the labour market and broader economy. The new strategy that was detailed in a speech by Federal .....
