What significant factors led Card Factory to anticipate a loss during FY21?

• January 15, 2021 04:50 AM GMT
• Team Kalkine

The market leader in the online advertising business, Alphabet-owned Google, has completed the health device producer Fitbit's acquisition worth USD 2.1 billion.  Image source: pixabay The mega-company announced it on 14 January 2021. The ...

• January 15, 2021 02:36 AM GMT
• Kunal Sawhney

BNPL sector got a momentum ever since the beginning of the pandemic. The concept of 'Buy Now Pay Later' is clicked during a period when consumers were facing financial crunch and prefer to pay in instalments rather than making payment in one go. Th...

• January 14, 2021 03:21 PM GMT
• Kunal Sawhney

Summary Persimmon Plc had reported its FY20 revenue to drop by 8.8% to around £3.33 billion. The forward sales of the Company had increased by 25% year-on-year to £1.689 billion for FY20. The average weekly sales rate per site grew...

• January 14, 2021 03:18 PM GMT
• Hina Chowdhary

Summary Lockdowns continue to fuel growth for retailers like Tesco and Dunelm. The retailers recorded huge sales in the run-up to Christmas season, banking upon their online presence. The retail sector always looks forward to the festive s...

• January 14, 2021 01:01 PM GMT
• Kunal Sawhney

Summary Revenue down for the retail segment, but up for grocery, sugar and agriculture The group foresees minimal impact of the post-Brexit changes on its business  Revenue of the food processing and retailing MNC Associated British F...

• January 14, 2021 12:59 PM GMT
• Hina Chowdhary

Summmary The long-running dispute at Rolls Royce Holdings Plc has finally been resolved FTSE 100 listed engine maker shall invest in Lancashire-based plant and transform it into a centre of excellence Workers of UK-based jet engine maker, ...

• January 14, 2021 06:51 AM GMT
• Team Kalkine

Summary Customers are supposed to wear masks and observe safe distancing protocols while visiting bank branches. Flouting of rules could lead to account closures and attract penalties. Footsie listed banking & financial services compan...

• January 13, 2021 02:46 PM GMT
• Kunal Sawhney

Summary SIG Plc had forecasted its full-year revenue to drop by 13% to around £1.87 billion during FY20. The like for like revenue for Q4 FY20 went up by 4% compared to the prior year. The Company forecasted it would start delivering und...

• January 13, 2021 01:27 PM GMT
• Kunal Sawhney

Summary The Anglo-Dutch oil giant said that it is planning to shed a quarter of its workforce for its North Sea business by December 2022 The slashing of jobs in bulk will affect the office-based roles in Aberdeen Royal Dutch Shell PLC (LO...

• January 13, 2021 12:52 PM GMT
• Hina Chowdhary

Summary The company witnessed strong demand in home improvement in the Domestic end market as sales surged by 9 per cent during the six-month period ended 31 December 2020 The company has decided to reinstate dividend pay-outs with a final divi...