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Britain needs to raise £60 billion in taxes to achieve financial stability post-pandemic: OBR
July 15, 2020 02:27 PM BST| By Hina ChowdharySummay The Office of the Budget Responsibility report states that the public debt in the UK has reached an unsustainable level as government borrowings are set to peak £370 billion by the end of 2020 OBS also depicted a three-scenario ana.....
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FTSE 100 Index Surged by 1.83% at Close of Trade
July 15, 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 29.04 points or 0.91 per cent higher at 3,226.56, Dow Jones Industrial Average Index expanded by 227.51 points or 0.85 per cent higher at 26...
The UK economy rebounds to growth in May 2020, though at a slow pace
July 15, 2020 01:55 PM BST| By Kunal SawhneySummary Britain’s economic output displayed a positive growth rate during May 2020, over the same period in 2019 This growth was led by manufacturing and construction components, both of which grew by more than 8 per cent for the month E.....
Central Bankers: Deadline for Phasing Out LIBOR Would Not be Extended
July 15, 2020 01:40 PM BST| By Team Kalkine MediaSummary Interest rate benchmark, LIBOR is used to price financial contracts and is likely to be replaced by SONIA after 2021 All financial contracts are supposed to make transition to a new framework by the end of 2021 The central banks ar.....
Get ready for a rise in the UK coronavirus-related infections: Study
July 14, 2020 10:53 PM BST| By Kunal SawhneySummary UK health research body projects a rise in corona related infections & deaths between September ‘20 and June ‘21 Coming winters will be especially deadly; and with the colder season being conducive for many other ailment.....
Fraudsters Targeting Unsuspecting Investors with Lure of Attractive Returns
July 14, 2020 10:47 PM BST| By Team Kalkine MediaSummary There has been a sharp rise in cases of investors being defrauded with a promise of attractive returns in UK The plunge of interest rates to rock bottom levels, due to the coronavirus crisis led many investors to fraudsters offering hig.....
UK Lender Offers Low-Deposit Mortgages Amidst Stamp Duty Holiday
July 14, 2020 02:50 PM BST| By Hina ChowdharyLast week, Rishi Sunak announced stamp duty holiday on property purchases of up to £500,000. British financial institution, Nationwide Building Society would be offering lower deposit mortgages beginning 20 July 2020, after the Chance.....
Latest Financial Highlights of 3 Stocks- RUA, NCYT and MED
July 14, 2020 02:10 PM BST| By Hina ChowdharySummary The Polymer IP business unit of RUA Life Sciences performed well during FY20, which is evident from the fact that its licence fee and royalty income increased to £489k (2019: £463k) Novacyt generated an excellent revenue of .....
BT Group Edged Higher by 4.05% at Close of Trade
July 14, 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 15.61 points or 0.49 per cent higher at 3,170.83, Dow Jones Industrial Average Index expanded by 305.92 points or 1.17 per cent higher at 26...
Tekcapital’s Portfolio Company Lucyd to take the Market by Storm with Its New Smartglasses Coupled with Voice-controlled Social Media App
July 14, 2020 01:30 PM BST| By Team Kalkine MediaTekcapital PLC (LON: TEK) is an intellectual property investment group based in the United Kingdom. The stocks of the company are listed on the FTSE AIM All-Share index of the London Stock Exchange (LSE) since 2014. The company’s aim is to crea...
Lens on COVID-19 Vaccine Developments: Pfizer & BioNTech Granted FDA Fast-track Designation and more
July 14, 2020 11:29 AM BST| By Team Kalkine MediaSummary The unrelenting pressure from the coronavirus pandemic has made the development of a COVID-19 vaccine the top priority of governments and healthcare authorities around the globe. Pfizer and BioNTech obtained FDA fast-track designation f.....
Government Mulling Overhaul of Planning Laws in Upcoming Ten Freeports
July 13, 2020 11:00 PM BST| By Team Kalkine MediaSummary The UK government is mulling overhaul of planning laws in upcoming 10 freeports, in a rush to make itself fully ready for December 2020, EU common tariff expiry deadline The government believes, such freeports could become international.....
Treasury’s Job Bonus Scheme: Primark, John Lewis, and William Hill do not wish to use it
July 13, 2020 09:35 PM BST| By Team Kalkine MediaSummary Primark had furloughed around 30,000 employees in Britain in March 2020, but had removed them from the scheme during June 2020 John Lewis is planning to permanently close 8 out of its 50 stores William Hill is merging its retail and on.....
British Shares Closed Higher with Focus on Upcoming Corporate Earnings; FTSE 100 up 1.33%
July 13, 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 41.53 points or 1.30 per cent higher at 3,226.57, Dow Jones Industrial Average Index expanded by 404.66 points or 1.55 per cent higher at 26...
UK Insurers To See A Surge In Travel Insurance Policy Demand Post 31 Dec 2020
July 13, 2020 01:55 PM BST| By Team Kalkine MediaSummary European Health Insurance Card (EHIC) which covers health insurance needs for travellers of all EU members citizens when they travel within the EU, will expire for British citizens on 31 Dec 2020 Cost of travel insurance is expected to .....
Crude Oil Continues on the recovery path, Libya blaming UAE on support to Hifter
July 13, 2020 01:32 PM BST| By Team Kalkine MediaSummary Brent at US$42.81 a bbl, WTI at US$40.21 per bbl Strong demand recovery from India & China in June, US refined product demand growth awaited Libya internal disputes on oil revenue allocation continue, may experience a further disru.....
Canadian PM Justin Trudeau Faces Probe Over C$ 900-million contract to WE Charity
July 13, 2020 03:00 AM BST| By Team Kalkine MediaSummary Justin Trudeau-led government’s decision to award a contract of over C$ 900 million to WE charity his family members are associated with has stirred up a political controversy. The charity admitted paying the Prime Minister’.....
Stocks in focus: Boohoo Group Plc, Easyjet Plc and Great Portland Estates Plc
July 12, 2020 03:26 PM BST| By Kunal SawhneySummary Boohoo Group Plc’s major shareholder sells off 66 per cent shareholding Easyjet Plc is likely to use health reports as a tool for axing jobs Great Portland Estates Plc was hit by lower rent receipts for the month of June Lo.....
Stamp Duty Holiday to Give A New Lease of Life to The Crisis Stricken Housing Sector
July 12, 2020 03:22 PM BST| By Team Kalkine MediaSummary Chancellor Sunak announced housing sector stamp duly holiday till 31 March 2021, when the industry was expecting it for only six-months Despite the increase in business activity levels in the housing construction sector since the beginn.....
PM takes measures to raise the economic activity in Britain, while the slowdown continues
July 11, 2020 09:30 PM BST| By Kunal SawhneySummary Johnson asks his staff to start coming to office from Monday, 13 July PM office is preparing a nine-month roadmap to return to normal life, without any social distancing requirements British economy to contract by 10.1 per cent during .....
