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

• January 08, 2021 03:27 PM GMT
• Team Kalkine

Summary Mitchells & Butlers Plc had reported a decline of 34.1% to £1,475 million during FY20. The Company did not have any site opened as of 30 December 2020 in the UK. The Company had reported its monthly cash burn of approximately...

• January 08, 2021 03:23 PM GMT
• Kunal Sawhney

Summary CMA will be probing into the acquisition of Chase Distillery Limited by Diageo Plc The market regulator is expected to announce the Phase -I decision of the probe by 4 March. Diageo Plc had recently completed the acquisition of actor R...

• January 08, 2021 09:24 AM GMT
• Hina Chowdhary

Summary From now on, international travellers and the UK nationals will have to produce a negative Covid-19 test, taken up to 72 hours prior to departure, after their arrival in England On failing to comply with the testing rules, the passenger...

• January 06, 2021 06:45 AM GMT
• Team Kalkine

The Society for Motor Manufacturers and Traders (SMMT) has said that new car registrations in the UK plummeted to a nearly three-decade low value last year. 1.63 million new cars got registered in 2020 as compared to 2.3 million totalling for the y...

• January 04, 2021 02:39 PM GMT
• Kunal Sawhney

Summary Ferguson to sell Wolseley to Clayton, Dubilier & Rice for £308 million The FTSE-100 stock aims at concentrating on its US operations after selling off its UK business Ferguson PLC (LON: FERG) has announced today that it h...

• January 02, 2021 12:11 AM GMT
• Hina Chowdhary

Summary Shares of Rolls Royce Holding Plc have been one of the biggest wealth destroyers among the large-cap FTSE 100 stocks in 2020 The stock of Rolls Royce has crashed more than 50 per cent in 2020 The London-headquartered defence and aerosp...

• December 31, 2020 08:45 AM GMT
• Team Kalkine

Summary Companies such as Tesco PLC, Pizza Hut and Superdrug are among the 139 companies that have been caught paying their employees below the minimum wage The Department for Business, Energy and Industrial Strategy had conducted an investigat...

• December 30, 2020 12:55 PM GMT
• Hina Chowdhary

Summary Character Group Plc had reported a decline of 12.50% in its revenue during H1 FY21. The Toy Retailers Association (TRA) had announced that its three products had featured strongly in the most reputed best toys of the year. The Company ...

• December 30, 2020 06:35 AM GMT
• Team Kalkine

Summary The two LSE-listed airline companies, Ryanair Holdings PLC and Wizz Air Holdings PLC, have confirmed that to save their European licenses, they will restrict the voting rights of the UK shareholders. The airline companies holding operat...

• December 29, 2020 03:32 PM GMT
• Team Kalkine

Summary The Hut Group has agreed to purchase Dermstore, a US online retailer of skincare and beauty products, for about $350 million in cash The acquisition will help THG become the global player in the digital marketplace for the beauty produc...