Welcome to Kalkine Media’s daily update of the latest events in the UK financial markets, the economy and major corporate moves,
Netflix has more than doubled its own projections for new customers as quarantined audiences binged on series such as Tiger King, but the company predicted a weaker second half of the year if stay-at-home orders to fight the coronavirus are lifted.
More than 900 jobs are to be axed with immediate effect at retro retail label Cath Kidston after the company said it was permanently closing all 60 of its UK stores under a rescue deal with its Hong Kong-based owner, Baring Private Equity Asia.
The UK's inflation rate fell to 1.5% in March, largely driven by falls in the prices of clothing and fuel ahead of the coronavirus lockdown. The Consumer Prices Index (CPI) fell from 1.7% in February, according to the Office for National Statistics (ONS).
All of the UK’s biggest airlines and most big holiday companies are systematically breaking the law by denying timely refunds to customers for travel canceled during the pandemic, researchers have found. Most have instead offered vouchers or credit notes, and customers have complained they have been unable to obtain refunds online or get through to make a claim on the phone.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.