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Industrial
What factors contributed towards a decent recovery shown by SIG during the second half of 2020?
January 13, 2021 02:46 PM GMT| By Kunal SawhneySummary 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.....
FTSE 250 listed Marshalls Plc (LON: MSLH) to Reinstate Dividend Payment
January 13, 2021 12:52 PM GMT| By Hina ChowdharySummary 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.....
British Gas Engineers to End Strike but Issue Remains Unresolved
January 11, 2021 12:55 PM GMT| By Hina ChowdharySummary The five-day strike was called off today without any favourable result. Several thousands of employees participated in the strike but the major issue that remains unsettled is the “fire & rehire policy” Engineers an.....
Mondi Plc (LON: MNDI) to expand its Turkish footprint with the acquisition of Olmuksan
January 06, 2021 07:25 AM GMT| By Team Kalkine MediaSummary Mondi Plc will be acquiring 90.38 per cent of the outstanding shares in Olmuksan International Paper, a leading Turkish corrugated packaging player. The company will launch an obligatory tender offer after the completion of the transact.....
How has Immotion Group performed after launching its Home-Based Entertainment product in October 2020?
December 24, 2020 02:17 PM GMT| By Team Kalkine MediaSummary Immotion Group Plc had reported revenue growth of 87% in November 2020 compared to September 2020. Total LEO sales was around 11,000 units with a value exceeding £800,000 as of 22 December 2020. The Company had a cash balance of .....
What led to Halma acquiring Static Systems Holdings Limited for £37 million?
December 22, 2020 05:06 PM GMT| By Team Kalkine MediaSummary Halma Plc had reported a decline of 5.0% in its revenue during H1 FY21. The Company had sold Fiberguide Industries to Molex for total cash consideration of £28.1 million. The Return on sales of the Company remained flat at 19.7% .....
Deutsche Post DHL Stops Deliveries to The UK and Ireland
December 22, 2020 09:30 AM GMT| By Hina ChowdharyGermany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the virus sprea.....
Centrica (LON: CNA) Faces Industrial Action in Early Next Year on New Employment Contracts
December 19, 2020 12:40 AM GMT| By Team Kalkine MediaSummary GMB, one of the labour unions of Centrica, is expected to go on strike early next year after a majority of members voted in favour of industrial action against the company. The FTSE 250-listed energy company planned to axe 5,000 jobs an.....
Signature Aviation (LON: SIG) Rejoices on Receiving Two Competing Takeover Offers
December 19, 2020 12:37 AM GMT| By Hina ChowdharySummary Signature Aviation Plc has received two competing takeover offers recently The Board of Signature has rejected the GIP proposal after evaluating both the offers. GIP and Blackstone are supposed to show their intent to bid or walk away .....
Cairn Energy (LON: CNE) to Complete Sale of Senegal Assets by Year End, Repay Shareholders $250 Million
December 19, 2020 12:26 AM GMT| By Hina ChowdharySummary Cairn Energy has announced that it will complete the sale of its Senegal offshore assets by the end of this year for nearly $525.0 million in cash, with a further payment possibility of $100 million if certain conditions are met. Out of.....
What are the various developments Goodwin is undergoing for its Refractory Engineering Division?
December 18, 2020 01:34 PM GMT| By Kunal SawhneySummary Goodwin Plc had reported a decline of 11.0% in its revenue during H1 FY21. The Company will repay its Bank of England CCFF loan before the end of the current financial year. The order book of the Company was robust at £174.0 mill.....
Avon Rubber (LON: AVON) Warns of Delay In Approval And Deliveries In Several US Contracts
December 18, 2020 07:50 AM GMT| By Team Kalkine MediaSummary Avon Rubber PLC notifies delay in the first deliveries under its ballistics protection contracts with the US Army A failure in the First Article Testing has delayed the approval processes Avon Rubber PLC (LON: AVON), the ma.....
EDF Energy Fined £6 Million For Breaching Wholesale Energy Market Regulations
December 17, 2020 09:33 AM GMT| By Team Kalkine MediaSummary Energy regulator Ofgem has said that EDF Energy breached the grid code and Article 5 of REMIT. EDF deliberately manipulated the technical data and misrepresented the true capabilities of its generation plant. The French Energy giant ha.....
Steller Numbers of Chemring (LON: CHG) And Defence Industry’s Tryst with Pandemic
December 16, 2020 04:16 PM GMT| By Team Kalkine MediaSummary The defence industry of the UK plays a vital role in generating economic prosperity and safeguarding national security Though the pandemic has battered most sectors, the defence sector’s performance was more or less as per expecta.....
AFC Energy (LON: AFC) Skyrockets 22% To 5-Year High After It Partners with ABB (SWX: ABBN)
December 16, 2020 03:05 PM GMT| By Team Kalkine MediaSummary Shares of AFC Energy rallied nearly 22 per cent after the company announced strategic ties with ABB Both AFC Energy and ABB have entered into a strategic partnership to develop high power EV charging products The stocks of AFC register.....
What factors led to faster than the expected recovery of Polypipe Group PLC?
December 15, 2020 01:59 PM GMT| By Hina ChowdharySummary Polypipe Group Plc has estimated its underlying operating profit to remain around £40 million for FY20. The Commercial & Infrastructural business segment has shown 1.9% growth for the four-months period ended on 31 October 202.....
How is DS Smith progressing towards digital transformation in the packaging industry?
December 12, 2020 08:14 AM GMT| By Kunal SawhneySummary DS Smith Plc has reported 10.0% contraction in revenue during H1 FY21. E-commerce sales were driven up by 30% during H1 FY21. The Company is expecting its capital expenditure to be around £330 million during FY21. DS Smith P.....
General Electric (LON: GEC) to Pay $200 Million As Penalty to Resolve Federal Accounting Probe
December 10, 2020 01:04 PM GMT| By Kunal SawhneySummary General Electric has agreed to pay $200 million to settle the probe into a case of misleading investors launched by the US Securities and Exchange Commission Securities regulators had ordered an investigation into GE’s accounting .....
Does recent restructuring activities lift the financial performance of Avon Rubber?
December 08, 2020 02:03 PM GMT| By Hina ChowdharySummary Avon Rubber Plc has reported a 30.8% surge in revenues during FY20. The Company has completed the acquisition of Team Wendy LLC on 02 November 2020. It has maintained a cash conversion ratio of 84.9% as of 30 September 2020. The Compa.....
If I Must Invest in Just One FTSE Stock, I Will Go for This
December 08, 2020 05:50 AM GMT| By Team Kalkine MediaWhile there are many promising stocks that an investor could choose for a good return, there are a few that have the potential that makes them the strongest contender which can create value in the future. If one has to select a single stock, then .....
