Consumer

EV maker Lucid Motors plans to go public via SPAC merger

Summary US-based electric car company Lucid Motors announced plans to merge with special-purpose acquisition company (SPAC) Churchill Capital IV Co...

What’s behind Jay-Z’s 50% Armand de Brignac stake sale to LVMH?

gnac is expected to benefit from LVMH’s distribution network. Luxury goods maker LVMH Moët Hennessy Louis Vuitton SE (LON:0HAU) has bo...

How British Airways Is Planning to Overcome Its Liquidity Issues

Source: Shutterstock Summary British Airways gets total financial aid £2.45 billion to tide over the Covid-induced crisis It received a loa...

Travel Industry seeks government’s support for relief

 The UK travel industry has urged the government to provide tailored financial support to the struggling sector by chalking o...

Successful Vaccination Drive and Wetherspoon’s Call for UK Pubs Reop...

Summary The FTSE 250-listed pub chain has called upon the UK government to allow pubs to resume operations. Pubs and breweries were last on the pr...

What synergies Future Plc has achieved through the acquisition of Go...

Summary Future Plc had reported a revenue surge of 53% during FY20 ended on 30 September 2020. FUTR had a net debt of £62.1 million as of 30...

Why London's tech sector recruitment jumped to over pre-Covid levels...

Summary UK-based recruitment company Hays Plc reported that London’s technology sector recruitment has risen above pre-pandemi...

Did a slump in travel insurance impact the FY20 profitability of Mon...

Summary Moneysupermarket.com Group Plc had reported a decline of 11.0% in its Group revenue during FY20 ended on 31 December 2020. MONY had a net...

How Google’s new deal with Murdoch's News Corporation can change onl...

Summary Tech giant Google announced a landmark 3-year deal with Rupert Murdoch's News Corp for content sharing o...

Why Nestle is planning to sell its US water brands for $4.3 bn 

Summary Nestle SA announced it will sell its US and Canada region bottled water division to private equity&...

How Jaguar Is Planning to Overhaul Its Business and Go Electric

Summary British luxury car brand Jaguar Land Rover's announced its plans to phase out diesel fuelled cars by 2026 amid rising competition from othe...

Brexit impact on British airlines: Are more job losses on cards? 

Summary New post-Brexit rules have created regulatory delays and bottlenecks for UK carriers operating in the EU leading to loss of business. Wet-...

Why has Jet2 raised £422-mn via share placement? 

Summary UK airline Jet2 PLC raised £422 million (US $582 million) on 12 February through an equity is...

How has Redrow managed to exceed £1.0 billion sales during its first...

Summary Redrow Plc had reported an increase in revenue of 20% to £1,041 million during H1 FY21 ended on 27 December 2020. The legal completi...

How will new hotel quarantine rules impact aviation and hospitality ...

The United Kingdom will be implementing new hotel quarantine rules from 15 February for the passengers entering the country. UK health secretary Matt&...

What factors led Drax Group to acquire Canada-based Pinnacle Renewab...

Summary Drax Group Plc had reported a marginal decline in its adjusted revenues to £2,205 million during H1 FY20 ended on 30 June 2020. Drax...

BA to Switch to Sustainable Fuel for its Transatlantic Flights by 20...

Summary British Airways has joined hands with LanzaJet to produce sustainable fuel for its fleet. The fuel produced by LanzaJet will help BA to re...

Court Directs Insurance Group to Compensate Irish Pubs for Pandemic...

Summary In a landmark decision by the Ireland High Court, FBD Insurance Group has been ordered to pay four pub owners for the losses incurred due t...

Stocks to Watch in Online Gambling space as the UK May Have Fresh Re...

Summary Some new restrictions are being implemented in the UK to protect the people from losing their money and make the games less intensive and s...

What are the latest business initiatives unveiled by Frontier Develo...

Summary Frontier Developments Plc had reported a surge in revenues of 15% during H1 FY21 ended on 30 November 2020. The net cash balance stood at...