How Netflix has more than doubled its own projections? WATCH NOW!

  • Apr 22, 2020 BST
  • Team Kalkine

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.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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