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Why Ikea's UK annual sales dropped by 10% in 2020
February 25, 2021 12:25 PM GMT| By Team Kalkine MediaSweden-based furniture retail giant Ikea reported a dip in its total UK annual sales by 10.2 per cent due to the pandemic-related uncertainties. The company’s UK sales touched £1.....
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How BT Group’s Renewables Supply Deal with Total SE will Impact Its Climate Goals
February 25, 2021 10:06 AM GMT| By Suhita PoddarSource: PopTika, Shutterstock Summary Telecom major BT Group has signed a three-year renewable energy supply deal with French oil and gas company Total SE starting from April 2022. The deal includes the supply of about 1,124 GWh of e...
Can the cruise business revive from Covid-19 debilitating blow?
February 25, 2021 08:50 AM GMT| By Team Kalkine MediaSource: Denis Belitsky, Shutterstock Summary Carnival Plc (LON: CCL) announced halting of operations from its US ports through 31 May. Customers can choose between a complete refund of cruise credit for later travel. Disney Cruise L...
Avacta (LON: AVCT) Plans Commercial Launch of Lateral Flow Covid-19 Test by Q1
February 25, 2021 06:19 AM GMT| By Suhita PoddarSource: Horth Rasur, Shutterstock Summary Avacta Group is all set to launch its rapid lateral flow Covid test by Q1 2021. The rapid antigen test has been created to spot infectious people for quick isolation. The company would now work toward...
What are the recent business updates unveiled by LSE listed Clinigen Group?
February 24, 2021 02:42 PM GMT| By Team Kalkine MediaSource: Shutterstock Summary Clinigen Group PLC had reported an increase of 4% in net organic revenue during H1 FY21 ended 31 December 2020. CLIN had announced an interim dividend of 2.15 pence per share for H1 FY21. Sam Herbert was appointed.....
How Argo Blockchain Will Benefit from Its Trading on OTCQX Market
February 24, 2021 02:40 PM GMT| By Suhita PoddarSummary UK-based cryptocurrency mining company Argo Blockchain shares will start trading on the OTCQX Best Market on 24 February. The move comes just days after the blockchain firm entered into a priority supply agreement with ePIC Blockchain T.....
Will AstraZeneca meet its EU delivery targets for the second quarter?
February 24, 2021 02:21 PM GMT| By Team Kalkine MediaAstraZeneca PLC (LON: AZN) has expressed its disability to deliver the agreed doses of the Covid-19 vaccine to the European Union, but promised to increase the productivity to meet the demand of 180 million doses. An EU official&n.....
Lloyds bank resumes dividend payments despite a large plunge in profits
February 24, 2021 12:50 PM GMT| By Team Kalkine MediaThe profits for the Lloyds Banking Group plc (LON: LLOY) have dropped by 72 per cent after the bank set aside £4.2 billion to cover potential defaults for Covid-19 crisis. Despite the drop, the bank has decided to resum.....
Why has FAA ordered inspection of Boeing 777 with Pratt & Whitney engines
February 24, 2021 09:18 AM GMT| By Team Kalkine MediaSource: Shutterstock Summary Federal Aviation Administration (FAA) has ordered inspection of all Boeing 777 planes. All Boeing 777 planes powered by Pratt & Whitney engines to be inspected. Order comes days after a Uni...
What Prompted Aviva To Sell Aviva France To Macif's Aéma Groupe
February 24, 2021 06:16 AM GMT| By Team Kalkine MediaSource: Shutterstock Summary The London-headquartered Aviva PLC approves the sale of its French business for €2 billion. The transaction is said to be closed by the end of 2021. Aviva PLC (LON: AV.) on 23 February, revealed that it h...
How has Solid State managed to increase its order book amid the Covid-19 pandemic?
February 23, 2021 03:19 PM GMT| By Team Kalkine MediaSource: Shutterstock Summary Solid State PLC had reported a revenue decline of 1.50% during H1 FY21 ended on 30 September 2020. SOLI had a net cash position of £4.0 million as of 30 September 2020. The open order book was £33.6 mi...
UK watchdog warns tech biggies of imminent probes
February 23, 2021 12:49 PM GMT| By Team Kalkine MediaSource: Shutterstock Summary UK to introduce new regime requiring tech companies to pay for using content. This pro-competitive intervention by CMA will handle issues like lack of data control and monopolistic practices reducing innovation....
What led HSBC to resume dividend pay-outs despite a drop in profits
February 23, 2021 12:27 PM GMT| By Team Kalkine MediaEurope’s largest bank by assets HSBC Holdings Plc (LON: HSBA) announced its plans on Tuesday, 23 February to resume dividend payments after reporting a 34 per cent drop in profits for the full year 2020, due to its global business bei.....
EV maker Lucid Motors plans to go public via SPAC merger
February 23, 2021 11:14 AM GMT| By Team Kalkine MediaSummary US-based electric car company Lucid Motors announced plans to merge with special-purpose acquisition company (SPAC) Churchill Capital IV Corporation to become a publicly listed entity. The deal values the car company at USD $24 billion,.....
What’s behind Jay-Z’s 50% Armand de Brignac stake sale to LVMH?
February 23, 2021 09:41 AM GMT| By Team Kalkine Mediagnac is expected to benefit from LVMH’s distribution network. Luxury goods maker LVMH Moët Hennessy Louis Vuitton SE (LON:0HAU) has bought 50 percent stake in champagne brand Armand de Brignac, owned by Jay-Z. LVMH’s partnership...
How British Airways Is Planning to Overcome Its Liquidity Issues
February 22, 2021 03:37 PM GMT| By Team Kalkine MediaSource: Shutterstock Summary British Airways gets total financial aid £2.45 billion to tide over the Covid-induced crisis It received a loan facility of £2 billion from the UK Export Development Guarantee The airline company has als...
G4S Plunges 10% As Gardaworld Refuses to Revise 235-P Offer
February 22, 2021 02:55 PM GMT| By Team Kalkine MediaSummary Shares of g4s plc plunged 10 per cent on Monday after Gardaworld refused to revise takeover offer. In December 2020, both GardaWorld and AlliedUniversal separately indicated their intention to acquire the entire share capital of G4S .....
How has Batm Advanced Communications managed to double its Bio-Medical revenue during FY20?
February 22, 2021 02:23 PM GMT| By Team Kalkine MediaSummary Batm Advanced Communications Ltd had reported a revenue surge of 49% during FY20 ended on 31 December 2020. BVC’s Gross margin had improved by 620 basis points during FY20. The Company had entered into an optional agreement to se.....
Travel Industry seeks government’s support for relief
February 22, 2021 02:09 PM GMT| By Team Kalkine MediaThe UK travel industry has urged the government to provide tailored financial support to the struggling sector by chalking out a roadmap to recovery. In a letter to the government, the companies and operators have come...
Why firms have called for a reversal of £1.5bn green homes grant cut
February 22, 2021 01:56 PM GMT| By Kunal SawhneyThe UK government’s £1.5-billion green homes grant is expected to face funding cuts after it was launched in September last year. According to news reports, around 22,165 grants were issued which were worth worth £94.1 m.....
