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Bigblu Broadband Plc reports lower revenue for 1H 2020
August 29, 2020 07:27 PM BST| By Team Kalkine MediaBigblu Broadband Plc (LON: BBB) has released half-year results for the six months ended 31 May 2020. The company’s revenue for the reported period stood at £25.8 million, lower as compared to £30.5million for 1H19. The lower revenu...
TOC Property Backed Lending Trust Plc reports NAV total return of -0.6% for H1 2020
August 29, 2020 07:27 PM BST| By Team Kalkine MediaTOC Property Backed Lending Trust Plc (LON: PBLT) has released its half-yearly report for the six months to 31 May 2020. The company for the reported period reported a NAV (Net Asset Value) total return of -0.6%. The average trading volumes were of...
Amigo Holdings Plc reports a 24.1% decline in net loan book Q1 FY 2021
August 29, 2020 07:25 PM BST| By Team Kalkine MediaAmigo Holdings Plc (LON: AMGO) has released its results for the three-month period ended 30 June 2020. The company’s number of customers declined by 5.2 per cent to 199k as compared to 210k for the first quarter to 30 June 2019. Net loan book...
Essentra Plc reports 11.7% revenue decline in H1 2020
August 29, 2020 07:24 PM BST| By Team Kalkine MediaEssentra Plc (LON: ESNT) has released its half-year ended 30 June 2020. The company’s revenue (at constant FX) decline by 11.7 per cent to £448.4million. Adjusted operating profit (at constant FX) slumped by 40 per cent to £29.0mi...
Covid-19 Impact: Rolls-Royce records losses; Aviation Sector Woes Seem to Continue
August 29, 2020 05:10 PM BST| By Team Kalkine MediaThe rapid spread of the pandemic has pushed the global economy into a severe slowdown. UK’s GDP shrank by 20.4 per cent during April to June 2020 quarter, according to the Office of National Statistics (ONS). Due to coronavirus induced.....
UK Car Manufacturing Show Signs of Recovery, Aston Martin And Rolls-Royce In Focus
August 28, 2020 08:25 PM BST| By Team Kalkine MediaSummary In July, the automobile manufacturing of the United Kingdom surged; however, it remained below its 12 months prior level As per the SMMT report, the UK car manufacturing fell 20.8 per cent in July with 85,696 units made, the production .....
Excessive use of hand sanitisers can be bad for health
August 28, 2020 07:15 PM BST| By Team Kalkine MediaWe have heard a lot of times that excess of anything is bad and the same holds true for hand sanitisers. Hand sanitiser pumps, stations and wipes are present everywhere from grocery stores, shopping malls to churches, for curbing the spread of coro.....
FTSE-250 Index Closed in Green; Petropavlovsk Surged by 9.24%
August 28, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.55 points or 0.39 per cent higher at 3,498.10, Dow Jones Industrial Average Index expanded by 136.47 points or 0.48 per cent higher at 28...
Travel woes during the pandemic: UK to lose £22 billion as international travel dips
August 28, 2020 08:47 AM BST| By Team Kalkine MediaThe travel and tourism industry has been one of the hardest hit due to the coronavirus-led economic crisis. Despite lifting the restrictions on traveling, recent spike in infections, social distancing norms, and quarantine rules have left t.....
Carnival Plc Starts Cancelling Next Year’s Cruises - Is Industry’s Pandemic Impact Worsening?
August 27, 2020 02:55 PM BST| By Team Kalkine MediaSummary Carnival’s most of the cruises have postponed their voyages for the next year Costa has introduced Covid-19 tests for its guests; becomes the first cruise company to obtain RINA certification The long-term prospects of the Carniv.....
E-Commerce Comes to Aid Royal Mail Plc, Return Traffic Increases By 25 Per Cent
August 27, 2020 02:35 PM BST| By Kunal SawhneySummary Royal Mail Plc was able to register a 25 growth in its returns traffic business during the month of July compared to what it was during the same period a year earlier. The deluge of online shopping and the extension of the shopping retu.....
Back to office: How prepared are the companies and staff?
August 27, 2020 02:20 PM BST| By Kunal SawhneySummary Due to the coronavirus pandemic, both the companies and employees are taking a calculated approach for restarting offices as pre-pandemic times, escalating the debate on WFH. The issues of productivity, public transport, social distanci.....
Covid-19 Impact: Pension Income in the UK
August 27, 2020 02:20 PM BST| By Hina ChowdharySummary Almost 5 per cent of eligible workers in the UK are being treated unfairly on pensions: the Resolution Foundation Britain’s PPF scheme for company pensions could get into trouble with rising number of firms filing for bankruptcies.....
Infrastrata Plc to Build on Significant Synergies with Acquisition of The Historic Devon Shipyard
August 27, 2020 11:58 AM BST| By Team Kalkine MediaNatural gas storage company, InfraStrata Plc bought a historic shipbuilding yard in North Devon, which is likely to reopen after 18 months. The company bought the Devon shipyard for a total consideration of £7 million which is payable in.....
Virgin Atlantic Gets Creditor’s Vote For £1.2 Billion Coronavirus Rescue Deal
August 26, 2020 11:10 PM BST| By Team Kalkine MediaSummary Virgin Atlantic’s creditors voted with an astounding majority in favour of a £1.2 billion rescue deal. The deal involves £400 million in new cash, out of this Sir Richard Branson of the Virgin Group invested £200.....
Quick Review of UK Market's Performance; WPP up 6.47%
August 26, 2020 08:11 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 18.17 points or 0.52 per cent higher at 3,496.90, Dow Jones Industrial Average Index expanded by 283.13 points or 1.00 per cent higher at 28...
When Will A Covid-19 Vaccine Be Available In Britain?
August 26, 2020 02:20 PM BST| By Kunal SawhneySummary Covid-19 vaccine from the Oxford University would be registered and delivered most probably by the year 2021 Oxford vaccine data would be shared with regulators by the end of 2020 After the announcement of slower than expected progress.....
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 02:20 PM BST| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
FTSE 250 Index Surged by 1% at Close of Trade; Provident Financial up 19.57%
August 26, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 27.68 points or 0.80 per cent higher at 3,471.30, Dow Jones Industrial Average Index expanded by 18.01 points or 0.06 per cent higher at 28,...
Why is the Co-operative Bank axing jobs and closing branches?
August 26, 2020 07:21 AM BST| By Team Kalkine MediaSummary The Co-operative Bank announced to cut 350 jobs and 18 branches as more customers shifted towards online banking during the coronavirus pandemic. The impacted staff would include those from the closed branches as well as the len...
