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What Led to A Sudden Fall in Babcock (LON: BAB) Shares?
January 15, 2021 03:18 PM GMT| 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 £.....
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Rio Tinto (LON: RIO) Inks Deal with Meridian Energy to Keep Tiwai Point Smelter Operational Till 2024
January 15, 2021 07:00 AM GMT| By Team Kalkine MediaSummary Rio has signed a new agreement with Meridian Energy to keep the Tiwai Point aluminium smelter operational until 31 December 2024. In 2020, the company had expressed its intention to wind down the operations of the NZAS and subsequently .....
What are the major steps taken by Persimmon to increase its forward sales during 2020?
January 14, 2021 03:21 PM GMT| By Kunal SawhneySummary Persimmon Plc had reported its FY20 revenue to drop by 8.8% to around £3.33 billion. The forward sales of the Company had increased by 25% year-on-year to £1.689 billion for FY20. The average weekly sales rate per site grew.....
Christmas Cheers for Retailers: Tesco (LON: TSCO), Dunelm (LON: DNLM) post strong sales
January 14, 2021 03:18 PM GMT| By Hina ChowdharySummary Lockdowns continue to fuel growth for retailers like Tesco and Dunelm. The retailers recorded huge sales in the run-up to Christmas season, banking upon their online presence. The retail sector always looks forward to the festive s.....
AB Foods (LON: ABF) revenue fell with Primark sales down 30 per cent
January 14, 2021 01:01 PM GMT| By Kunal SawhneySummary Revenue down for the retail segment, but up for grocery, sugar and agriculture The group foresees minimal impact of the post-Brexit changes on its business Revenue of the food processing and retailing MNC Associated British F.....
Rolls-Royce (LON: RR.) And Factory Workers Reach Deal After Strike Over Job Cuts
January 14, 2021 12:59 PM GMT| 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, .....
Planning to Visit HSBC? Do Wear A Face Mask or Else Your Account Can Be Withdrawn
January 14, 2021 06:51 AM GMT| By Team Kalkine MediaSummary Customers are supposed to wear masks and observe safe distancing protocols while visiting bank branches. Flouting of rules could lead to account closures and attract penalties. Footsie listed banking & financial services compan.....
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.....
Royal Dutch Shell PLC (LON: RDSA) to cut 330 jobs
January 13, 2021 01:27 PM GMT| By Kunal SawhneySummary The Anglo-Dutch oil giant said that it is planning to shed a quarter of its workforce for its North Sea business by December 2022 The slashing of jobs in bulk will affect the office-based roles in Aberdeen Royal Dutch Shell PLC (LO.....
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.....
J&J’s (NYSE: JNJ) Former Talc Supplier Intends to File for Bankruptcy
January 13, 2021 10:34 AM GMT| By Kunal SawhneySummary Imerys Talc America talc supplier of J&J is seeking bankruptcy to evade mass litigation matters J&J is awaiting phase 3 trial of its Covid-19 vaccine shortly, which would help in determining the efficacy and safety of the vaccin.....
Kingfisher Plc (LON: KGF) May Beat Profit Expectations on Surge in DIY Demand
January 13, 2021 07:50 AM GMT| By Kunal SawhneySummary As consumers took to do-it-yourself projects during the coronavirus pandemic, the company anticipates a rise in profit. Online sales have emerged as the major driving force behind increased sales. Castorama France and Brico Depot, King.....
How would Reach Plc manage to increase its profit forecast for FY2020?
January 12, 2021 02:47 PM GMT| By Kunal SawhneySummary Reach Plc had reported a decline of 10.2% in its total revenue during the fourth quarter ended on 27 December 2020. The Company had completed the remaining 50% acquisition of the Independent Star Limited on 24 November 2020. The Compan.....
Landsec’s (LON: LAND) Over One-Third of Rent Remains Due for The December Quarter
January 12, 2021 12:37 PM GMT| By Team Kalkine MediaSummary Of the £112 million outstanding rent that was due on 25 December, £35 million of rent remains unpaid. Of the outstanding amount, a big chunk of £14 million is from those customers who have suspended payment to the comp.....
BRC-KPMG report declares 2020 as the worst year for UK retail
January 12, 2021 12:26 PM GMT| By Kunal SawhneySummary The BRC trade body published a report on Tuesday depicting a 0.3 fall in the total retail sales The figures indicate the performance of the retail sector for 2020, which is was declared as the worst year since 1995 The report publi.....
What are the recent developments announced by Tiziana Life Sciences on its Covid-19 vaccine clinical trial?
January 11, 2021 04:31 PM GMT| By Hina ChowdharySummary Tiziana Life Sciences had not reported any revenue since its inception. The Company had announced the completion of its clinical study in Brazil investigating nasally administered Foralumab. The Company had completed the demerger of St.....
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.....
Study suggests Pfizer-BioNTech vaccine is effective against new Covid-19 strain
January 10, 2021 12:05 AM GMT| By Kunal SawhneySummary Scientists have found evidence that proves the Pfizer and BioNTech vaccine, BNT162b2, is effective on the mutated version of coronavirus The Pfizer and BioNTech vaccine was the first one to be rolled out in Britain on 8 December A .....
What are the recovery plans of Informa for its events business segment in 2021?
January 09, 2021 08:20 AM GMT| By Kunal SawhneySummary Informa Plc had projected its FY20 revenue to remain in the range from £1.65 billion to £1.68 billion. The adjusted operating profit is likely to fall in the range from £250 million to £270 million. The subscrip.....
Barratt (LON: BDEV) Shares Rallies on the Backdrop of Revised Sales Forecast
January 09, 2021 07:39 AM GMT| By Hina ChowdharySummary The company has a healthy forward sales position with over 90 per cent inventory sold for the FY 2021 The company’s order book swelled by 14 per cent year-on-year to 13,588 homes during the first half of FY 2021 Shares of Barratt.....
