Marks & Spencer may shut more shops | Market Update

  • May 21, 2020 BST
  • Team Kalkine

Marks & Spencer has warned it may shut more shops to survive in the post-pandemic world, as it grapples with a growing mountain of unsold clothes. The 136-year-old chain revealed it had been forced to write off £145million on clothes it has been unable to sell during the lockdown, with profits collapsing to a three-decade low.

EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear face masks amid the coronavirus pandemic. The airline announced that it would restart a "small number" of routes where there is enough customer demand. The initial schedule will include domestic routes across the UK and France. EasyJet chief executive Johan Lundgren said that "these are small and carefully planned steps".

A 10-minute home saliva test for coronavirus is under development in a deal struck between the billionaire co-founder of online fashion brand BooHoo and a Cambridge-based firm. The antigen test, which would be available to buy, will look similar to a pregnancy test but will use a saliva sample rather than urine, and is designed to give a result within 10 minutes.

#coronavirusupdate #Easyjet #Kalkine

 


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. 

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.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK