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Why is Shell increasing push towards net zero emissions?
February 12, 2021 09:23 AM GMT| By Kunal SawhneySummary Royal Dutch Shell pledged to achieve net zero emissions by 2050 driven by growth in its customer-facing businesses. The oil giant reported its oil output had peaked in 2019 and would drop by 1 to 2 per cent a year. The company plans to.....
3 FTSE 250 Stocks Showing Resilient Financial Performance
February 12, 2021 06:31 AM GMT| By Kunal SawhneySummary The FTSE 250 components, Royal Mail, Ashmore, and Lancashire Holdings have reported an increase in their earnings, despite the uncertainties. The investors’ mood has remained optimistic mostly after the vaccine rollout. The F.....
What Led to A Surge in Astrazeneca’s Product Sales In 2020?
February 11, 2021 02:41 PM GMT| By Team Kalkine MediaSummary The pharma company announced that its Q4 2020 sales had jumped by 12 per cent to just over $7 billion. The company said it could take about six to nine months to make new vaccines protecting against new strains of the Covid-19 virus. T.....
How has PayPoint accelerated its strategic delivery by acquiring RSM 2000?
February 11, 2021 01:47 PM GMT| By Kunal SawhneySummary PayPoint Plc had reported a decline of 10.8% in its underlying net revenue from continuing operations to £24.5 million during Q3 FY2021 ended on 31 December 2020. PAY had completed the acquisition of Handepay Limited (“Hande.....
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Why has Panaseer partnered with PwC UK?
February 11, 2021 09:40 AM GMT| By Team Kalkine MediaCybersecurity intelligence platform Panaseer has announced that it has teamed up with leading consulting firm PwC UK to offer continuous Cyber Risk Monitoring service, which is sought to make way for accurate and .....
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Why UK’s local county council is reconsidering its coal mine permission
February 11, 2021 09:03 AM GMT| By Team Kalkine MediaSummary The West Cumbria County Council said it will be reconsidering approving a new coal mine, which was set to be the first UK coal mine in 30 years. The local authority has taken this decision based on the governmen.....
Top 5 AIM stocks to look for in 2021
February 11, 2021 05:46 AM GMT| By Team Kalkine MediaSummary Most of the AIM listers have delivered staggering returns in the past 52-week period. Businesses on the AIM index are important constituents of the domestic economy. The markets are recovering at a much faster pace than anticipated.....
How has Redrow managed to exceed £1.0 billion sales during its first half of FY21?
February 10, 2021 04:15 PM GMT| By Kunal SawhneySummary Redrow Plc had reported an increase in revenue of 20% to £1,041 million during H1 FY21 ended on 27 December 2020. The legal completions grew by 20.0% during H1 FY21. RDW had unsecured banking facilities of £366.0 million as.....
Reddit Valuation Soars To $6 Billion After Latest Fundraiser
February 10, 2021 11:07 AM EST| By Kunal SawhneyRiding high on the wave of attention for the role of one of its communities wallstreetbets that sent the US stock market into a frenzy, social media giant Reddit raised $250 million in series E funding on Monday. Founded in 2003, the compa.....
How Dunelm generated high profits in H1 2021
February 10, 2021 02:01 PM GMT| By Kunal SawhneySummary The FTSE 250-listed stock has observed huge growth in sales and profits for the first half of FY2021. Despite the second lockdown impacting the business, the company was successful in resuming its dividend. Dunelm.....
Why JD sports is facing a whopping Brexit-induced cost of £10 mn
February 10, 2021 10:36 AM GMT| By Team Kalkine MediaSummary JD sports chairman Peter Cowgill said Brexit-related issues were costing the firm more than £10 million. The retail company plans to open a distribution centre employing up to 1,000 people in mainland Euro.....
How will new hotel quarantine rules impact aviation and hospitality sectors?
February 10, 2021 09:53 AM GMT| By Team Kalkine MediaThe United Kingdom will be implementing new hotel quarantine rules from 15 February for the passengers entering the country. UK health secretary Matt Hancock told the House of Commons on Tuesday that all travellers from the high-risk nation&nb.....
How Electronic Arts’ new acquisition will change its future
February 10, 2021 07:42 AM GMT| By Team Kalkine MediaSummary EA is all set to buy Glu Mobile for $2.4 billion. Glu shares rose substantially by 35 per cent to $12.67 on 9 February. EA is also expected to buy UK-based producer of auto-racing games Codemasters Software Company Ltd. .....
Which are the Top FTSE 250 Stocks Likely To Remain In Limelight Today?
February 10, 2021 07:25 AM GMT| By Team Kalkine MediaSummary Amid the ongoing corporate earnings season, most of the stocks are likely to be steered by the performance in Q4 results. About two dozen FTSE 250 corporations are lined up with their respective Q4 FY20 as well as full-year results. .....
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10 FTSE Penny Stocks to Watch in 2021
February 10, 2021 07:10 AM GMT| By Team Kalkine MediaThe stock market carnage in 2020 due to the pandemic literally tormented the world. But for the UK stock market with risks were more owing to the Brexit and the awful virus, lockdowns, and restrictions. Despite the widespread headwinds induced by the...
What factors led Drax Group to acquire Canada-based Pinnacle Renewable Energy?
February 09, 2021 03:19 PM GMT| By Kunal SawhneySummary 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 Canadian Holdings Inc would acquire Pinnacle Renewable Energy Inc for the total consideration of .....
BA to Switch to Sustainable Fuel for its Transatlantic Flights by 2022
February 09, 2021 03:13 PM GMT| By Kunal SawhneySummary British Airways has joined hands with LanzaJet to produce sustainable fuel for its fleet. The fuel produced by LanzaJet will help BA to reduce carbon emissions by 70%. The International Consolidated Airlines Group SA (LON: IAG) own.....
Dechra Pharma wins licence to sell Tri-Solfen in Australia, NZ
February 09, 2021 02:20 PM GMT| By Hina ChowdharySummary Dechra Pharmaceuticals announced it had secured the right to sell animal pain management product Tri-Solfen in Australia and New Zealand markets. The pharma company can now market the cattle drug worldwide The Londo.....
Covid-19: Van-Tan Assures Usage of Astrazeneca Vaccine Safe for Brits
February 09, 2021 10:25 AM GMT| By Team Kalkine MediaSummary At a press conference at the Downing Street on Monday, Professor Jonathan Van-Tan reassured Brits that they were safe after South Africa suspended AstraZeneca’s vaccine rollout. A recent study has highlighted that AstraZeneca-Oxfo.....
What led Boohoo’s to acquire three fashion brands of Arcadia
February 09, 2021 10:01 AM GMT| By Team Kalkine MediaSummary Boohoo has taken over three of Arcadia’s brands -- Dorothy Perkins, Burton, and Wallis, for a whopping sum of £25.2 million. The Arcadia group failed to cope up with the pand.....
