AUS
NZ
UK
CA
USA
IND
Consumer
Lens on Rolls Royce, EasyJet and Wizz Air as UK’s green list for travel expands
June 25, 2021 03:33 PM BST| By Kamalika GhoshSummary Malta, Madeira, Barbados, and Spain's Balearic Islands now added to the green list for travel. Those coming from any of the 16 places named in the list to the UK from 30 June 04:00 onwards will not have to follow quarantine rules. The .....
2 FTSE Auto stocks in focus as the UK announces new E10 petrol
June 24, 2021 03:57 PM BST| By Suhita PoddarSummary The UK is planning to introduce a lower carbon emitting petrol called the E10 in September, replacing the current standard fuel the E5. E10 has 10 per cent of renewable ethanol, and the rest is unleaded petrol It is expected to reduce .....
.jpg)
Shareholders on driving seat at Vertu Motors Plc and Cambria Automobile Plc
June 24, 2021 02:25 PM BST| By Suhita PoddarSummary Vertu Motors, the fifth-largest automotive retailer in the UK, witnessed shareholders revolt against CEO remuneration resolution. Cambria Automobiles has urged its shareholders to accept the takeover offer from Cambria Bidco L.....
Average wages for UK pub and restaurant workers surge amid staff shortage
June 22, 2021 01:01 PM BST| By Kamalika GhoshSummary The average wages of pubs and restaurant workers rose by up to 14% due to the staff shortage. Greater Manchester and Cheshire topped the rank, reporting the biggest rise in their average wages. The food services and accommodation segme.....
Lens on 2 FTSE Stocks as Food and Drink Exports to EU Almost Halve
June 18, 2021 01:55 PM BST| By Kamalika GhoshSummary UK’s food and drink export to the European Union reduced to almost half in the first quarter of 2021. European Union sales reported a fall of 47% as per the Food and Drink Federation data. Cheese sale was hardest hit and reported.....
Rail Firms Urge the Government Not to Reduce APD on Flights
June 16, 2021 01:57 PM BST| By AbhijeetBritish rail industry members body, the Rail Delivery Group (RDG), which brings together companies from passengers and freight sector, has requested the government not to reduce air passenger duty (APD) on UK domestic flight routes for the journey .....
Pubs Stares at Additional £400 Million Losses: 3 FTSE 250 Stocks in Focus
June 15, 2021 01:43 PM BST| By Suhita PoddarSummary Hospitality industry body, British Beer & Pub Association said the sector faces about £400 million in losses due to a delay in lockdown reopening. The UK government announced a delay in the final phase of its lockdown restrict.....
Saga expects to resume cruise business from 27 June 2021
June 14, 2021 05:31 PM BST| By Team Kalkine MediaSummary For the insurance business, SAGA had witnessed just a 2% drop in motor and home policy sales during the first four months of FY22. The average load factor stood at 77% for FY22 and around 48% for FY23 as of 05 June 2021. Steve Kingshot.....
UK Aviation Stocks in Focus as 2020 Marks Sharp Decline in Passenger Travelled
June 14, 2021 10:36 AM BST| By Kamalika GhoshSummary In 2020, there was an annual decline of a huge 75 per cent in the number of passengers travelling through UK airports to 74 million. Over 2 million passengers walked through the security checkpoints of US airport on Friday, 11 June. Ai.....
Frontier Developments announced the much-awaited Jurassic Park Evolution 2
June 11, 2021 06:17 PM BST| By Team Kalkine MediaSummary FDEV expects to launch Jurassic Park Evolution 2 on PC and Console in late 2021. It had forecasted FY21 revenue to remain approximately £91.0 million. FDEV anticipates FY22 revenue ranging from £130 million to £150 mi.....
.jpg)
3 Wine Stocks on LSE to Watch for: Naked Wines, Stock Spirits Group, Diageo
June 11, 2021 03:55 PM BST| By Kamalika GhoshSummary With the reopening of the economy and opening of hospitality venues across the UK, the demand for wine is expected to recover soon. Globally, the size of the wine market is growing continuously and expected to reach $444.93 billion by 2.....
FTSE 250 listed SSP Group’s losses widened due to slow recovery in travel
June 09, 2021 05:52 PM BST| By Team Kalkine MediaSummary SSPG had widened the loss before tax to negative £299.7 million on a reported basis during H1 FY21. The revenue got plunged by 8% at constant currency during H1 FY21. SSPG had cash & undrawn committed facilities of approximat.....
.jpg)
Hospitality, Travel Operators Demand Breather from Pending Rent During Covid-19
June 08, 2021 02:30 PM BST| By Kamalika GhoshSummary Trade body bosses from various industries like travel, hospitality, and retail have called for a deal with landlords to forgo rent built up amid Covid-19. The business leaders want the Boris Johnson government to convince commercial lan.....
.jpg)
How 3 Aviation Stocks Reacted to US, UK Airlines Bosses Call for Resumption of Trans-Atlantic Travel
June 08, 2021 02:27 PM BST| By Kamalika GhoshSummary Airlines companies having US-UK operations demanded the lifting of Covid-19-related restrictions to trans-Atlantic travel. The companies have cited higher vaccination rates and low rates of transmission on flights for resuming flights. .....
.jpg)
Jet2 Plc Pushes Back Restart of Flight and Travel as Portugal Gets Removed from Green List
June 04, 2021 01:43 PM BST| By Kamalika GhoshSumamry Jet2 Plc announced that its holidays and flights would be delayed to July 1 from June 24. Government announced that Portugal would be removed from the green list. The company has said customers who had already made bookings could chang.....
Bloomsbury Shares Extend Gains Despite Weak Market Sentiment
June 03, 2021 09:59 AM BST| By Suhita PoddarSummary Publisher Bloomsbury Publishing announced record profits due to a rise in people reading amid the lockdowns. The company also proposed a special dividend of 9.78 pence per share, in addition to a 10 per cent increase to its final divide.....
Harry Potter publisher Bloomsbury Publishing raised FY22 guidance after a jump in the annual sales
June 02, 2021 05:16 PM BST| By Team Kalkine MediaSummary BMY had shown revenue growth of around 14% to £185.1 million during FY21. The Company will pay a final dividend of 7.58 pence per share and a special dividend of 9.78 per share on 27 August 2021. BMY had net cash of £54.5 m.....
Wizz Air Stocks Decline on Bleak Future Outlook
June 02, 2021 03:14 PM BST| By Suhita PoddarSumamary Wizz Air reported an underlying loss of €482 million for the year ended 31 March 2021. The company’s revenue fell 73.2 per cent to €739 million from €2,761 million a year ago. It also said that unless all restrict.....
Travel Stocks to Keep an Eye on As France Restricts Non-Essential Travel from the UK
June 01, 2021 11:51 AM BST| By Suhita PoddarSummary France has enforced tough travel restrictions from the UK amid concerns over Indian variant of coronavirus. Under the new rules, entry to France from the UK is only allowed for EU residents, French nationals, or for people travelling fo.....
Why are Aviation and Hospitality Bosses Furious Over Government’s Conflicting Comments?
May 29, 2021 01:00 AM BST| By Suhita PoddarSummary The CEOs of major airlines and holiday firms wrote to PM Boris Johnson over their concern on travel guideline. The CEOs wrote that they understand the risk associated with the Indian variant of COVID-19 but urged Boris Johnson to rely o.....
