Why Buzzfeed is set to close its UK & US Operations? | Market Update

  • May 14, 2020 BST
  • Team Kalkine

Aston Martin Lagonda’s losses ballooned to £119m in the first three months of the year as the coronavirus pandemic caused the already struggling British carmaker’s sales to plunge globally. The company sold only 578 cars to dealers in the first quarter, down 45% from the same period in 2019. Aston Martin’s shares hit a new record low on Wednesday morning of 32.5p, pushing its market value below £500m for the first time since floating in October 2018 at a value of more than £4bn.

Online media firm Buzzfeed is to close its UK and Australian news operations. The US company, which set up its London office in 2013, said the decision had been made "both for economic and strategic reasons".

The United Kingdom is planning to cut tariffs on U.S. agricultural imports to advance progress on a free trade agreement. The Department for International Trade was considering a "big concession package" to negotiators from the United States over the coming months to cut the cost of certain agricultural imports.

#buzzfeedlayoffs #losses


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

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