Strict lockdown measures have resulted in many buyers pulling back from the market concerned that their financial position might deteriorate in the future. According to the latest figures released this morning, average UK house prices saw a 'modest' fall of 0.2% during May, with early signs that market activity is beginning to pick up.
Luxury carmaker Bentley is to cut 1,000 jobs in the UK, about a quarter of its workforce. The company, which makes its cars in Crewe, is expected to offer workers the chance to take voluntary redundancy. The move comes as the car industry faces a sharp drop in sales due to coronavirus. Bentley has also struggled to be profitable in recent years. Bentley, which is owned by Volkswagen, declined to comment but is expected to make a formal announcement on Friday.
May 2020 saw UK plugin electric vehicle market share hit 16%, with the cumulative 2020 share now standing at 7.2%, almost triple 2019’s result. The Tesla Model 3 again takes the prize for best selling auto (of any kind) overall, maintaining the result from April. UK auto market volume was down 89% year on year, but auto dealers are now reopening for business, promising better results going forwards.
#UK #Bentley #jobloss #Kalkine
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.