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UK Rail fares to increase by 1.6% in 2021 | UK Market Update
August 20, 2020 12:00 PM AEST| By Team Kalkine MediaApple ( Apple Stock ) has become the first ever company to be worth more than $2 trillion (£1.5 trillion), as its share price continues to surge amid the coronavirus pandemic. Its shares have grown almost 60 percent over 2020, in spite of produ...
M&S to cut 7,000 jobs | UK Market Update
August 20, 2020 02:31 AM AEST| By Team Kalkine MediaMarks & Spencer is slashing 7,000 jobs over the following three months across its stores and management. It said the coronavirus pandemic had made it clear there had been a "material shift in trade". In-store sales of clothing and home goods were...
Diageo buys Ryan Reynolds' Aviation American Gin | UK Market Update
August 19, 2020 02:58 AM AEST| By Team Kalkine MediaDiageo has agreed to buy a gin brand co-owned by the Hollywood actor Ryan Reynolds in a deal worth up to $610m (£466m). The FTSE 100 company, which owns Smirnoff vodka and Johnnie Walker whisky, will buy Aviation American Gin and its parent com...
Housing market has busiest month in over a decade | UK Market Update
August 18, 2020 03:23 AM AEST| By Team Kalkine MediaThe first major cruise ship to set sail in the Mediterranean in almost five months has left from the Italian city of Genoa. The MSC Grandiosa will stop at three Italian ports and the Maltese capital Valletta in a seven-day voyage. Operator MSC Cruise...
Greencore workforce self isolates after Covid 19 outbreak | UK Market Update
August 15, 2020 03:34 AM AEST| By Team Kalkine MediaThe number of Americans seeking unemployment benefits has fallen below one million for the first time since the start of the COVID-19 pandemic. However, last week's drop has been put down to the ending of a $600 weekly supplement, which is likely to...
BP Set for biggest restructuring of its workplace | UK Market Update
August 14, 2020 04:08 AM AEST| By Team Kalkine MediaDr Martens has repaid its furlough cash to the government as a result of strong trading during the lockdown. The 60-year-old footwear brand, famous for its sturdy boots, said sales rose nearly 50% in the year to June, while the group’s profits...
Debenhams to cut 2,500 more jobs | UK Market Update
August 13, 2020 03:24 AM AEST| By Team Kalkine MediaDemand for takeaways during lockdown set the tills ringing at Domino's Pizza, although coronavirus-linked costs hit profits. The company saw an overall sale surge of 5.5% in the six months to 28 June. However, the group reported underlying pre-tax pr...
Retail sales rises in UK | UK Market Update
August 11, 2020 12:00 PM AEST| By Team Kalkine MediaCompany payrolls have fallen by 730,000 since the start of the coronavirus crisis lockdown as the UK braces for a feared acceleration in unemployment. Data released by the Office for National Statistics (ONS) showed a leap of 81,000 last month alone,...
One in three UK firms expect to cut jobs | UK Market Update
August 11, 2020 06:02 AM AEST| By Team Kalkine MediaAs per the U.S. Bureau of Labor Statistics, the U.S. economy added 1.8 million of nonfarm payroll employment in the month of July, reflecting third straight month of job gains after a significant decline in the month of April. Notably, Job creation p...
More than 10,000 British Airways workers being made redundant | UK Market Update
August 08, 2020 12:00 PM AEST| By Team Kalkine MediaEnergy bills will fall by an average of £84 in October for millions after the energy regulator lowered the price cap due to cheaper gas wholesale prices. Ofgem has cut the default price cap to £1,042, its lowest level since the cap was in...
Travelex falls into administration | UK Market Update
August 08, 2020 03:51 AM AEST| By Team Kalkine MediaUber has agreed to buy its biggest UK rival Autocab, which operates a ride-booking app for independent minicab companies throughout the country. It said the takeover would let it connect people with mini-cab firms in cities where Uber itself does not...
WH Smith is considering cutting 1,500 jobs - 11% of its workforce | UK Market Update
August 07, 2020 03:57 AM AEST| By Team Kalkine MediaWH Smith is considering cutting 1,500 jobs - 11% of its workforce. Most of the jobs being lost will be at the company's travel sites, situated at airports and railway stations. The firm said the impact of the coronavirus outbreak meant it expected to...
Dixons Carphone to get rid of 800 managers | UK Market Update
August 06, 2020 05:28 AM AEST| By Team Kalkine MediaGreater than expected demand has led easyJet to increase the number of flights it is offering over the summer, despite continuing uncertainty over the coronavirus pandemic. The budget airline expanded its schedule to 40% of normal capacity between Ju...
DW Sports chain collapses, 1,700 jobs at risk | UK Market Update
August 05, 2020 05:35 AM AEST| By Team Kalkine MediaDW Sports, a gym and sports retailer, has said it will enter administration, putting 1,700 jobs at risk. The company, founded by former Wigan Athletic owner Dave Whelan, operated 73 gyms and 75 stores across the UK. All of its stores are to close, bu...
Hobbycraft reports 200% rise in online sales | UK Market Update
August 03, 2020 12:00 PM AEST| By Team Kalkine MediaHobbycraft has reported a 200% rise in online sales since the Covid-19 pandemic began. Hobbycraft’s bestsellers include a giant set of 1,000 craft pieces for £6 and soap-making kits for £15, The company said there had been “ex...
Tui to shut 166 High Street shops | UK Market Update
August 01, 2020 05:27 AM AEST| By Team Kalkine MediaTravel company Tui is set to shut 166 High Street stores in the UK and Ireland, affecting up to 900 jobs. The UK's largest tour operator said it hoped to keep on 630 workers in a mix of sales and home-working roles and in remaining stores. The decisi...
UK Government signs deal of 60 million doses | UK Market Update
July 30, 2020 12:00 PM AEST| By Team Kalkine MediaUK government has signed a supply deal with pharmaceutical company Glaxosmithkline and Sanofi for up to 60 million doses of a potential Covid-19 vaccine being developed by them. The two companies who started working together in April this year have s...
Selfridges to cut 450 jobs!
July 29, 2020 12:00 PM AEST| By Team Kalkine MediaIn the recent news we read that Selfridges is to cut 450 jobs across its department stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic. The cuts represent about 14% of its workforce and Anne Pitcher, group ma...
Retail sales close to pre-lockdown levels in June | UK Market Update
July 28, 2020 03:56 AM AEST| By Team Kalkine MediaUK retail sales were near pre-lockdown levels in June, as the reopening of shops released pent-up demand. The amount of goods sold last month increased by 13.9% compared to May, according to the Office for National Statistics (ONS). Separately, a sur...
Dyson to cut 900 jobs worldwide | UK Market Update
July 24, 2020 12:00 PM AEST| By Team Kalkine MediaFace coverings are now compulsory for customers in shops in England, after new coronavirus rules came into force within 12 hours of the government issuing guidance on the change. Coverings are mandatory in enclosed public spaces such as supermarkets,...
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