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Hydrogen plane start-up ZeroAvia secures $21.4-mn in funding round
December 16, 2020 01:54 PM GMT| By Kunal SawhneyThe devastation caused by the pandemic has called for sustainable development along with a quick transition to a lower carbon future. Hydrogen plane start-up ZeroAvia has secured a funding of $21.4 million to develop commercial aircrafts wi.....
What Ocado Group Plc (LON: OCDO) is going to achieve with the acquisition of Kindred Systems
December 15, 2020 04:15 PM GMT| By Kunal SawhneySummary Ocado has acquired San Francisco-based robotics company Kindred Systems Since its inception in 2014, Kindred Systems was amongst the pioneers to deploy AI and reinforcement learning to develop a process of handling disparate items The .....
What factors led to faster than the expected recovery of Polypipe Group PLC?
December 15, 2020 01:59 PM GMT| 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.....
Electronic Arts to Acquire Codemasters (LON: CDM) to Enhance Racing Games Offering
December 15, 2020 09:11 AM GMT| By Kunal SawhneySummary Electronic Arts Inc has reached a deal with the British video game developer Codemasters Group for its acquisition The deal will see Codemasters shareholders receiving $7.98 a share, which takes the valuation of company at about $1.2 bi.....
AstraZeneca (LON: AZN) UK Vaccine Trial Withdraw Sub-Group
December 15, 2020 09:07 AM GMT| By Hina ChowdharySummary The clinical trial registers in the US showed that the British pharma major AstraZeneca PLC has removed children from the final stage trial of its Covid-19 vaccine in Britain. The Phase 3 trial of the vaccine consisted of more than 12,0.....
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Interview with Bronwyn Corbett, CEO of Grit Real Estate Income Group (LON: GR1T)
December 15, 2020 08:30 AM GMT| By Team Kalkine MediaGrit Real Estate Income Group (LON: GR1T) is a prominent real estate company with a presence across Africa (excluding South Africa), focussing on investing and actively managing a diversified portfolio of assets reinforced by mainly USD and Euro deno...
How is Bellway managing increasing housebuilding demand from homebuyers?
December 14, 2020 02:57 PM GMT| By Hina ChowdharySummary Bellway Plc has reported a 30.7% decline in revenues during FY20. The order book has witnessed a surge of 18.7% for the period from 01 August 2020 to 29 November 2020. The number of housing completions dropped by 30.9% to 7,522 during .....
UK House Price: Rightmove (LON: RMV) predicts 4 per cent 'price rise' in 2021
December 14, 2020 08:31 AM GMT| By Kunal SawhneySummary Rightmove PLC, the largest online property in the UK, has projected that the house price would grow by 4 per cent in 2021. The current figures indicate that the asking price of properties was 6.6 per cent above the 2019 price The h.....
British Airways Cargo Workers at Heathrow To Go on A Nine-Day Strike
December 13, 2020 12:57 AM GMT| By Team Kalkine MediaSummary British Airways cargo workers at Heathrow have announced a 9-day strike which will start on 25 December and will continue till 2 January Majority of the workers affiliated to Unite union are in favour of the strike British Airways&.....
Housing boost: BoE mulls new mortgage impetus for homebuyers
December 13, 2020 12:44 AM GMT| By Kunal SawhneySummary Bank of England explores the idea of making mortgage terms more lucid for first-time home buyers. There are reports that such buyers have been left out due to tough lending regulations. The implementation of the proposal could see the h.....
BT Group (LON: BT) fined £6.3 million for breaking telecom regulations
December 12, 2020 03:35 PM GMT| By Team Kalkine MediaSummary BT failed to meet the obligations of the regulatory authority Ofcom during the tendering process of the ‘Northern Ireland public sector shared network contract’ The telecom major did not give competitor Eir’s bid team .....
CMA launches investigation into the merger of O2 and Virgin Media
December 12, 2020 11:07 AM GMT| By Hina ChowdharySummary The Competition and Markets Authority has launched a probe into the O2 and Virgin Media merger announced in May Investigators will be checking if the deal could reduce competition for customers of broadband giants and mobile phones unde.....
A Glance at The Top 10 FTSE Dividend Stocks For 2021
December 12, 2020 09:03 AM GMT| By Team Kalkine MediaThings are gradually returning to normal. With the vaccination process starting in the UK and other vaccine candidates lining up to get a nod from authorities, the situation has boosted the morale of the people and the investors. When the UK announc...
How is DS Smith progressing towards digital transformation in the packaging industry?
December 12, 2020 08:14 AM GMT| 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.....
Why GSK (LON: GSK) and Sanofi's (EPA: SAN) Covid-19 vaccine got delayed to 2021-end?
December 12, 2020 08:11 AM GMT| By Kunal SawhneySummary The Covid-19 vaccine jointly developed by Britain’s GSK and France’s Sanofi has been delayed to the end of 2021 Both the pharmaceutical companies are expected to start Phase 2b studies in February 2021 While the compani.....
BoE Permits Banks to Pay Dividends and Buyback Shares but Within Limits
December 12, 2020 08:07 AM GMT| By Hina ChowdharySummary Bank of England has relaxed its earlier advice to suspend dividends and share buy-backs for the banks The decision of BoE came after The Prudential Regulation Authority, BOE’s arm that oversees the banking sector conducted two str.....
How would the Stagecoach Group revive its financial performance during these challenging times?
December 11, 2020 02:20 PM GMT| By Kunal SawhneySummary Stagecoach Group Plc has reported a decline of 43.2% in its revenue during H1 FY21. The UK Bus segment has delivered strong revenue and operating profit growth of 4.9% and 80.4%, respectively. The net debt to EBITDA ratio of the Compan.....
Zurich Insurance (SWX: ZURN) to buy MetLife’s (NYSE: MET) US unit for $3.94 bn
December 11, 2020 01:03 PM GMT| By Hina ChowdharySummary Zurich Insurance Group has agreed to buy the US property and casualty (P&C) business of MetLife Inc Both Zurich Insurance Group and MetLife have agreed on a deal size of $3.94 billion Zurich Insurance Group shares slipped 2.13 per .....
How will JTC (LON: JTC) benefit by acquiring CEES?
December 11, 2020 10:07 AM GMT| By Kunal SawhneySummary JTC Group Plc (LON: JTC) announced the acquisition of CEES, an employee benefits platform, from RBC Holdings, for £20 million in cash CEES was incorporated in 2005 as an employee benefits platform Wealth services prov.....
Why is BP (LON: BP) expanding renewable energy supply to Amazon?
December 11, 2020 08:03 AM GMT| By Team Kalkine MediaSummary The oil giant will supply additional renewable energy to Amazon to power its European operations It will be trebling its renewable power usage for delivering this electricity through its wind projects located in Sweden and Scotland .....
