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National Grid and Centrica PLC: 2 FTSE Utilities Stocks Under Watch Today
May 20, 2021 01:09 PM BST| By Suhita PoddarEnergy system operators in the UK have faced pressures since the onset of the pandemic. The power demand fell to record lows in 2020 as the covid-19 crisis suppressed consumer demand. Utility company National Grid reported a sharp drop in consumer.....
What Led Goldman Sachs Acquire Stake in UK’s ComplyAdvantage
May 20, 2021 10:09 AM BST| By Suhita PoddarUK-based fintech company ComplyAdvantage announced a new investment worth up to US$ 20 million from the Growth Equity Team of US-based Goldman Sachs Asset Management. The investment is an extension of the fintech company’s oversubscribed ser.....
BAE Systems and Meggitt PLC: 2 FTSE Aerospace Stocks to Keep an Eye On
May 20, 2021 07:40 AM BST| By Suhita PoddarSummary The UK aerospace and defence sector has faced some serious headwinds due to the covid-19 crisis and Brexit. The EU and UK signed an agreement recently providing clarity on steps which aerospace manufacturers must comply. BAE Systems is.....
FTSE 100 listed Ferguson raised FY21 guidance boosted by strong third-quarter performance
May 19, 2021 05:10 PM BST| By Team Kalkine MediaSummary Ferguson PLC had shown a revenue surge of 24.5% year-on-year to USD 5.91 billion during Q3 FY21. FERG now expects to deliver trading profit ranging from USD 2.0 billion to USD 2.1 billion during FY21. On the profitability front, the tr.....
UK Reopens Indoor Hospitality – Two Stocks Worth Watching to Avoid FOMO
May 19, 2021 04:05 PM BST| By Suhita PoddarRestrictions from Indoor Hospitality has been eased for the first time in the UK since the first lockdown was imposed, except North Ireland which is due to reopen on 24 May. But whether the consumer will follow COVID social distancing rules or.....
BP and Eni Enter Talks to Meld Their Oil & Gas Business in Angola
May 19, 2021 02:45 PM BST| By Suhita PoddarOil majors BP Plc and Eni S.p.A. (BIT: ENI) are reportedly in talks for the merger of their oil and gas operations in Angola. If the plan succeeds, the two firms will one of the biggest energy companies in Africa, producing roughly 200,000 barrels .....
Micro Focus Shares Surge on Beating Market Estimates for H1 Earnings
May 18, 2021 05:20 PM BST| By AbhijeetSummary The H1 2021 revenue is expected to be above market expectations at US$ 1.4 billion The FTSE 250 firm had a cash reserve of US$ 0.7 billion by the end of this April. Shares of Micro Focus International Plc (LON: MCRO) jumped over 10.....
5 Best Dividend Yielding Stocks from FTSE 100 to Have an Eye On
May 18, 2021 05:15 PM BST| By Suhita PoddarDividend stocks are stocks of companies which make regular dividend payments. Due to the ongoing covid-19 crisis, several companies halted dividend payments in the last fiscal to conserve cash. However, with the successful vaccine rollout, and the .....
FTSE 250 listed Britvic reinstated dividend payments despite a decline in the top-line business
May 18, 2021 05:13 PM BST| By Team Kalkine MediaSummary Britvic PLC had shown a revenue decline of 6.3% year-on-year to £617.1 million, while the adjusted EBIT plunged by 15.4% during H1 FY21 against H1 FY20. The Company will pay an interim dividend of 6.50 pence per share on 07 July 2.....
Oxford Biomedica Shares Surge as Revenue Expectation from AstraZeneca Doubles
May 18, 2021 03:59 PM BST| By AbhijeetSummary Oxford Biomedica on Tuesday almost doubled its revenue expectation from AstraZeneca Plc, as it bagged more batches vaccine order. Biomedica raised its revenue guidance from over £50 million to over £100 million from AstraZen.....
A Look at Restaurant Group and Mitchells And Butlers as UK Unemployment Rate Fall
May 18, 2021 02:21 PM BST| By Suhita PoddarSummary The Office for National Statistics announced today the UK’s unemployment rate beat estimates between January and March to 4.8 per cent, from an estimated 4.9 per cent. Hiring also rose from by 97,000 during March to April, indicat.....
3 FTSE Oil & Gas Stocks in Focus as BP Plans to Sell 28% Stake in Shearwater Field
May 18, 2021 12:16 PM BST| By AbhijeetSummary BP Plc is planning to sell its 28 per cent stake in the Shearwater field to Tailwind Energy Ltd. The Shearwater field is operated by oil major Royal Dutch Shell Plc. In 2016, Tailwind was incorporated to acquire oil and gas assets that.....
GSK-Sanofi Jab Reports Positive Results in Phase 2 Trials
May 18, 2021 11:37 AM BST| By Suhita PoddarSummary After an initial setback, the companies reported success for their Covid-19 vaccine candidate. The candidate’s global phase III study is likely to begin in the next few weeks. The vaccine could get approval by the end of th.....
Successful integration of “Windy City Wire” lifted the top-line business of Diploma
May 17, 2021 05:13 PM BST| By Team Kalkine MediaSummary Diploma PLC had shown reported revenue growth of around 29.0% during H1 FY21. The Company will pay an interim dividend of 12.50 pence per share on 16 June 2021. The net debt to EBITDA multiple would be expected to remain below 1.0x dur.....
Is BP's New Take on Gas Aligned to Its Own Path to Net Zero Emissions?
May 17, 2021 05:09 PM BST| By AbhijeetSummary Investors have questioned BP championing of gas, saying that it may be at odds with the oil major’s promise to support the Paris Agreement. Analysts have said that since there is no clear-cut blueprint for what the Paris agreement.....
What Is the Long-Term Future of Restaurants in the UK?
May 17, 2021 04:09 PM BST| By Suhita PoddarSummary Restaurants, cafes and pubs reopened today after the latest round of easing of lockdown restrictions. The move is expected to be a boost for the hospitality and leisure sector as they can start trading again after almost four and half m.....
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Ryanair Posts Largest Annual Loss, Stocks Manage to Float in Green
May 17, 2021 03:16 PM BST| By Suhita PoddarSummary The company flew merely 27.5 million passengers till the end of March this year. Ryanair reported delays in the delivery of its first 737 MAX aircraft. The company foresees a strong recovery in the coming year but expects to only break.....
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Focus On 2 FTSE 100 Hospitality Stocks as UK Enters Third Phase of Easement
May 17, 2021 02:56 PM BST| By AbhijeetSummary Coronavirus restrictions were further eased in England today. British PM Boris Johnson urged people to continue playing their part in controlling the spread of the virus. The government announced new rules for non-essential travel abro.....
3 Water Utility Stocks in Focus after Additional Investment Approval from Ofwat
May 17, 2021 01:58 PM BST| By Suhita PoddarSummary UK water watchdog Ofwat announced plans of investment of up to £2.8 billion in green projects, with over £850 million of additional investment for projects from Severn Trent Water, South Staffs Water, South West Water, a subs.....
Lens On 3 FTSE 250 Housebuilding Stocks as House Prices See A Boom Outside London
May 17, 2021 01:43 PM BST| By AbhijeetSumamary The average asking price of homes has jumped by £5,767, or 1.8% month-on-month to £333,564. The boom is being witnessed as sellers seek to make the best of an extended tax break on property sales. House prices in Wales ros.....
