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Fraser Group May Shut Down Stores Amid Covid-19 Crisis
August 21, 2020 05:12 AM BST| By Kunal SawhneyThe High street retail and businesses have been severely impacted as they suffered lockdown, which was aimed at curbing the spread of the virus. As the lockdown is now lifted, still consumers are fearing to go and buy things from stores. In additio.....
UK Inflation Rises In July, Driven By Oil And Clothing
August 20, 2020 02:20 PM BST| By Hina ChowdharySummary The CPI annual inflation rate move up to 1 per cent in July 2020, as compared to 0.6 per cent observed in the month of June 2020 Main drivers were the categories of petrol and clothing & footwear Prices of packed holidays and campi.....
Amigo Holdings Surged by 37.33% at Close of Trade
August 20, 2020 02:11 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 6.08 points or 0.18 per cent higher at 3,380.93, Dow Jones Industrial Average Index accelerated by 5.44 points or 0.02 per cent higher at 27...
Coronavirus impact: Councils are short of £2 billion in their autumn budget
August 20, 2020 08:52 AM BST| By Team Kalkine MediaThe UK councils are facing funding crunch due to unexpected expenses resulting from the impact of Covid-19. While, on the one hand, there were additional costs of adult social care during the pandemic, on the other, the source of income got severel.....
Diageo Announces Acquisition of Aviation American Gin
August 19, 2020 09:05 PM BST| By Kunal SawhneySummary British households might have felt the pinch, but food and drink are among the things that people refuse to cut back on, which has been good for alcohol producers Diageo, the giant alcohol company announced its agreement to buy a gin br.....
Are Salary Advance Schemes Really Helpful?
August 19, 2020 08:58 PM BST| By Team Kalkine MediaFCA highlights that it could lead the consumers into cycles of debt. Summary Amid the scenario of many people undergoing financial distress during the coronavirus-led economic crisis, the ESAS has gained increased popularity. D...
The Tale of Taxpayers’ Money and Softening Covid- 19 Loan Terms for PE Backed Companies
August 19, 2020 08:32 PM BST| By Team Kalkine MediaSummary The benefits being extended to private businesses out of taxpayers’ money, also puts the government on the dock to justify why such a benefit was extended. The recent decision of the government to refuse bailout to some companies .....
Business Conditions in The UK Strengthens in August But So Do Apprehensions for Early Recovery
August 19, 2020 02:30 PM BST| By Hina ChowdharySummary The British Coronavirus Business impact tracker of BCC for August reported that 38 per cent firms who responded to its weekly survey reported an improvement in their turnover compared to 34 per cent reported in the previous week. While .....
UK Might Not Extend The Furlough Scheme, Few Sectors Would Need Support Though
August 19, 2020 02:11 PM BST| By Kunal SawhneySummary Furlough scheme expires in October 2020, but Sunak is not in favour of extending it any further Germany is mulling over extending its furlough scheme to 24 months Up to two million at-risk jobs could be saved by extending the furlough .....
Consumer Price Inflation Surged to 1% in July; FTSE 100 Index up 0.58%
August 19, 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 7.52 points or 0.22 per cent higher at 3,397.30, Dow Jones Industrial Average Index accelerated by 63.98 points or 0.23 per cent higher at 2...
Road to Economic Salvation Not Easy For Chrystia Freeland, Canada's First Woman Finance Minister
August 19, 2020 01:01 PM BST| By Team Kalkine Mediainancial reporting under the belt. Canadian Prime Minister Justin Trudeau has named deputy PM Chrystia Freeland as the new Finance Minister, after Bill Morneau stepped down from the post over policy differences. In addition to the cabinet shuffl...
Non-Adherence To Social Distancing Norms Could Lead To A Potential Second Wave Of The Coronavirus Infections
August 18, 2020 08:12 PM BST| By Team Kalkine MediaSummary Increased instances of summer socialising witnessed at JD Wetherspoon in recent few weeks raised the concerns that non-adherence to social distancing guidelines could lead to a rise in Covid-19 infections. A recent study by researchers .....
Inflation woes: Amid coronavirus crisis rail fares to rise by 1.6 per cent
August 18, 2020 05:00 PM BST| By Kunal SawhneyBritish commuters would need to pay an extra 1.6 per cent from January 2021 if they opt to travel by railways. This rise in fare would mean an additional expense of around £100 to the cost of several annual season tickets. The increas.....
Fear of second wave of coronavirus in the EU: Ryanair to reduce its flight capacity
August 18, 2020 02:20 PM BST| By Hina ChowdharySummary Amid the fears of a second wave of the coronavirus cases in the EU, Ryanair announced to decrease its flight capacity by 20 per cent for the months of September and October 2020. The airline plans to reduce the frequency of its flights .....
Tekcapital Addresses the Growing Relevance of Intellectual Property for Business
August 18, 2020 02:20 PM BST| By Team Kalkine MediaTekcapital PLC (LON: TEK) is a United Kingdom-based intellectual property investment group. Listed on the FTSE AIM All-Share index of the London Stock Exchange (LSE) since 2014, the company creates market value through commercialising University Tech...
Commercial Leases Getting Shorter in The UK - What Does It Mean for The Real Estate Sector?
August 18, 2020 02:10 PM BST| By Kunal SawhneySummary Shorter leases would translate to lesser certainty over rental incomes and future occupancy Businesses have struggled to clear their rent dues during the unprecedented crisis Investors need to be watchful of investing in the real estat.....
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How the European Markets’ Performed at Close of Trade; Ted Baker up 14.46%
August 18, 2020 02:10 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 6.51 points or 0.19 per cent higher at 3,388.50, Dow Jones Industrial Average Index contracted by 30.51 points or 0.11 per cent lower...
British Households Cut Back Spending This August As They Fret for Job Security
August 18, 2020 02:00 PM BST| By Team Kalkine MediaSummary IHS Markit Household finance index for the month of August fell to 40.8 from 41.5 recorded in the month of July. Income from employment has fallen sharply during the month of August, while the public perception regarding job security re.....
Future of UK Energy suppliers as the furlough scheme ends, Focus on Centrica
August 18, 2020 05:33 AM BST| By Kunal SawhneyLarge energy supplier organisations such as Centrica and Bulb fear a rise in their debt levels, in case consumers are unable to pay their electricity bills. With the government job retention scheme drawing close to an end in October 2020, une.....
UK Witnesses Highest Number of Job Advertisements Since Lockdown in August First Week
August 17, 2020 08:38 PM BST| By Team Kalkine MediaSummary The REC tracker showed 10 million active job postings in the week starting 3 August 2020, up from 1.04 million in the week before There was a rise witnessed in vacancies for blue-collar workers, including gardeners, debt collectors, con.....
