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How would Reach Plc manage to increase its profit forecast for FY2020?
January 12, 2021 02:47 PM GMT| By Kunal SawhneySummary Reach Plc had reported a decline of 10.2% in its total revenue during the fourth quarter ended on 27 December 2020. The Company had completed the remaining 50% acquisition of the Independent Star Limited on 24 November 2020. The Compan.....
What are the recovery plans of Informa for its events business segment in 2021?
January 09, 2021 08:20 AM GMT| By Kunal SawhneySummary Informa Plc had projected its FY20 revenue to remain in the range from £1.65 billion to £1.68 billion. The adjusted operating profit is likely to fall in the range from £250 million to £270 million. The subscrip.....
Barratt (LON: BDEV) Shares Rallies on the Backdrop of Revised Sales Forecast
January 09, 2021 07:39 AM GMT| By Hina ChowdharySummary The company has a healthy forward sales position with over 90 per cent inventory sold for the FY 2021 The company’s order book swelled by 14 per cent year-on-year to 13,588 homes during the first half of FY 2021 Shares of Barratt.....
What led Mitchells & Butlers to raise equity capital amid third nationwide lockdown?
January 08, 2021 03:27 PM GMT| By Team Kalkine MediaSummary 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.....
CMA to probe into the acquisition of Chase Distillery by Diageo Plc (LON: DGE)
January 08, 2021 03:23 PM GMT| By Kunal SawhneySummary 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.....
England-bound travellers will have to produce negative Covid-19 test under new rules
January 08, 2021 09:24 AM GMT| By Hina ChowdharySummary 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.....
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New car registrations in Britain dropped but EV sales up, says SMMT
January 06, 2021 06:45 AM GMT| By Team Kalkine MediaThe 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.....
Ferguson PLC (LON: FERG) sells off Wolseley UK to Clayton, Dubilier & Rice
January 04, 2021 02:39 PM GMT| By Kunal SawhneySummary 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.....
Covid Turmoil: Rolls Royce (LON: RR.) Loses Half of Its Market Cap In 2020!
January 02, 2021 12:11 AM GMT| By Hina ChowdharySummary 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.....
Tesco PLC (LON: TSCO) and Pizza Hut caught paying staff below minimum wages
December 31, 2020 08:45 AM GMT| By Team Kalkine MediaSummary 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.....
What led to Character Group maintaining its profitability amid Covid-19 lockdown?
December 30, 2020 12:55 PM GMT| By Hina ChowdharySummary 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 .....
Brexit Impact: Ryanair (LON: RYA), Wizz Air (LON: WIZZ) Move to Restrict UK Shareholders
December 30, 2020 06:35 AM GMT| By Team Kalkine MediaSummary 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.....
The Hut Group (LON: THG) To Acquire Beauty Retailer Dermstore From Target Corp
December 29, 2020 03:32 PM GMT| By Team Kalkine MediaSummary 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.....
How would Sanderson Design Group manage to grow its revenue during October & November 2020?
December 23, 2020 02:05 PM GMT| By Kunal SawhneySummary Sanderson Design Group Plc had reported a revenue contraction of 14.6% for the ten-months period ended on 30 November 2020. The sales of the Company had witnessed a significant rise of around 7% for the nine-week key selling period in O.....
UK car output down 1.4% in November due to lockdown, no Brexit deal fears
December 23, 2020 08:15 AM GMT| By Hina ChowdharySummary British car production fell 1.4 per cent in November to 106,243 vehicles The production on YTD basis is now down 31 per cent with 380,809 fewer cars manufactured in 2020 SMMT CEO Mike Hawes said that the industry might face a nightmare.....
What made the Watches of Switzerland Group to pay back furlough support obtained from the UK government?
December 21, 2020 01:53 PM GMT| By Hina ChowdharySummary Watches of Switzerland Group Plc had reported a 3.4% contraction in revenue during H1 FY21. The UK e-commerce sales went up by 102.4% for the seven-weeks period ended on 13 December 2020. The Company had also expressed its intentions t.....
Covid-19 new variant: France imposes travel ban on UK
December 21, 2020 01:44 PM GMT| By Hina ChowdharySummary Some European countries such as the Netherlands, Belgium, France, Germany, Ireland and Romania have imposed travel restrictions on the UK France has imposed a 48-hour travel ban on the UK, starting from midnight of 20 December, in order.....
WPP Plc (LON: WPP) Targets Resurrecting 2019 Revenue Levels By 2022
December 17, 2020 03:17 PM GMT| By Kunal SawhneySummary WPP aims to take control of its Australian and New Zealand operations WPP AUNZ has accepted the revised proposal of the company of A$0.70 per share in cash The communication services company expects to resurrect revenue levels last see.....
What factors led Dixons Carphone to increase its online sales amid lockdown scenario?
December 17, 2020 03:03 PM GMT| By Hina ChowdharySummary Dixons Carphone Plc has reported a 3.0% surge in revenue during H1 FY21. The Company has shown electricals online sales growth of 114% during H1 FY21. The Company has around 4.3 million members in Nordics Customer Club as of 31 October.....
Hornby (LON: HRN) Put on Pause All Non-UK Orders Due to Brexit Uncertainty, Port Delays
December 17, 2020 12:16 PM GMT| By Kunal SawhneySummary Hornby has temporarily stopped all its orders other than the UK due to uncertainty over Brexit The company has said that port bottleneck problems are also impacting its operations Hornby CEO Lyndon Davies said the companies which impor.....
