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Industrial
What factors led Begbies Traynor Group to proceed with its biggest insolvency deal by acquiring CVR Global LLP for £20.8 million?
January 20, 2021 02:08 AM AEDT| By Hina ChowdharySummary Begbies Traynor Group Plc had reported revenue growth of 11% during H1 FY21 ended on 31 October 2020. The Company had completed its biggest insolvency deal by acquiring CVR Global LLP for £20.8 million on 18 January 2021. The net.....
UK Prosecutors Drop Probe Against British American Tobacco (LON: BATS)
January 16, 2021 02:23 AM AEDT| By Hina ChowdharySummary The UK's Serious Fraud Office has closed an investigation of suspicions of corruption on British American Tobacco which started in 2017 The probe was started after reports came in that the company had bribed officials to undermine anti-.....
What Led to A Sudden Fall in Babcock (LON: BAB) Shares?
January 16, 2021 02:18 AM AEDT| By Kunal SawhneySummary Babcock International Group Plc (LON: BAB) has warned that a review of contract profitability could spell fresh dangers for the balance sheet. The underlying operating profit for the three-quarter period slumped by 34 per cent to £.....
Rolls-Royce (LON: RR.) And Factory Workers Reach Deal After Strike Over Job Cuts
January 14, 2021 11:59 PM AEDT| By Hina ChowdharySummmary The long-running dispute at Rolls Royce Holdings Plc has finally been resolved FTSE 100 listed engine maker shall invest in Lancashire-based plant and transform it into a centre of excellence Workers of UK-based jet engine maker, .....
What factors contributed towards a decent recovery shown by SIG during the second half of 2020?
January 14, 2021 01:46 AM AEDT| 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 11:52 PM AEDT| 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 11:55 PM AEDT| 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 06:25 PM AEDT| 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 25, 2020 01:17 AM AEDT| 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 23, 2020 04:06 AM AEDT| 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% .....
Centrica (LON: CNA) Faces Industrial Action in Early Next Year on New Employment Contracts
December 19, 2020 11:40 AM AEDT| 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 11:37 AM AEDT| 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 11:26 AM AEDT| 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 19, 2020 12:34 AM AEDT| 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 06:50 PM AEDT| 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 08:33 PM AEDT| 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 17, 2020 03:16 AM AEDT| 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 17, 2020 02:05 AM AEDT| 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 16, 2020 12:59 AM AEDT| 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 07:14 PM AEDT| 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.....
AI on the Rise: A Look at Top AI Companies and Their Stocks