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McDonald's to reopen 700 restaurants for dine-in | UK Market Update
July 21, 2020 12:00 PM AEST| By Team Kalkine MediaGrocery sales rose at the fastest pace since records began in the three months to 12 July, as Britons shifted to making meals at home during the temporary closures of restaurants, cafes and workplaces in the coronavirus lockdown. Sales of groceries,...
The UK economy rebounds to growth in May 2020, though at a slow pace!
July 18, 2020 02:02 AM AEST| By Team Kalkine MediaThe table here shows that since February 2020, the British economy has been displaying dismal performance. February was the month when the coronavirus outbreak struck the nation and was declared a serious health threat. GDP grew by zero per cent duri...
Getting Casinos Closures put 1600 Jobs in Danger | UK Market Update
July 17, 2020 12:00 PM AEST| By Team Kalkine MediaInspired Energy Plc (LON: INSE) has informed about the completion of the acquisition of Ignite Energy Ltd. The company further to its earlier announcement of 10 July 2020 has completed the acquisition of the outstanding 60 per cent. of Ignite Energy...
Boots to shut 48 stores | UK Market Update
July 13, 2020 12:00 PM AEST| By Team Kalkine MediaBOOTS is closing 48 stores across the country in a huge restructuring, which will see 4,000 jobs lost. About seven percent of staff will be cut in the restructure,. The majority of job losses will come from the restructure its head office and store t...
Shares of Boohoo Group rebounced more than 27% | UK Market Update
July 11, 2020 05:51 AM AEST| By Team Kalkine MediaQuarantine rules end today for people travelling to the UK from more than 70 countries and British Overseas Territories. People will no longer have to isolate for 14 days or provide an address where they are staying. The rules covered people arriving...
John Lewis and boots to cut 5300 Jobs | UK Market Update
July 09, 2020 12:00 PM AEST| By Team Kalkine MediaUK's biggest High Street retailers, John Lewis and Boots, have announced 5,300 job cuts. Boots has said 4,000 jobs will go, while John Lewis is shutting down eight stores, putting 1,300 jobs at risk. The moves come amid warnings that new economic sup...
Jaguar Land Rover Logistics workers to lose jobs | UK Market Update
July 08, 2020 12:00 PM AEST| By Team Kalkine MediaThree major online retailers have dropped fast fashion brand Boohoo over allegations of low pay and unsafe conditions at a supplier's factories. Next dropped Boohoo clothes from its websites last week, while Asos and Zalando followed suit on Tuesday....
Reach is to axe 550 Jobs | UK Market Update
July 07, 2020 12:00 PM AEST| By Team Kalkine MediaNewspaper publisher Reach is to axe 550 jobs, or 12% of its workforce, in an overhaul designed to cut costs by £35m a year. The group includes the national Mirror, Express and Daily Star titles as well as Scotland's Daily Record and regional da...
Pret a manger to close 30 stores across the UK | UK Market Update
July 06, 2020 12:00 PM AEST| By Team Kalkine MediaThe finance ministry of the UK has announced that the number of work coaches at British job centres will be doubled. The finance ministry has announced that the job coaches would be increased to 27,000 at the cost of £800 million. Rising unempl...
Are There Any Signs of an Economic Recovery in Britain?
July 03, 2020 12:00 PM AEST| By Team Kalkine MediaWhile it might be too early to get a clear view of things, but we would like to see the half glass-filled side of the picture. Yes, there are indications that the UK economy is already on the path of an economic recovery. Andy Haldane, Chie...
Celsa Steel gets a corporate bailout | UK Market Update
July 03, 2020 12:00 PM AEST| By Team Kalkine MediaThe government has provided an emergency loan to a Cardiff-based steel producer in the first taxpayer-funded bailout under its “Project Birch” scheme for firms struggling during the coronavirus crisis. Stepping in as the economic fallout...
Tesla becomes world's most valuable car maker | UK Market Update
July 03, 2020 05:08 AM AEST| By Team Kalkine MediaUp to three million Hong Kong residents are to be offered the chance to settle in the UK and ultimately apply for citizenship. The PM Boris Johnson said Hong Kong's freedoms were being violated by a new security law and those affected would be offere...
Harvey's fortune company falls under administration with a loss of 240 Jobs | UK Market Update
July 01, 2020 12:00 PM AEST| By Team Kalkine MediaWirecard now has authorization to carry out normalized activities in the U.K. once again in the wake of a verdict from regulators to lift restrictions on the firm. The Financial Conduct Authority (FCA) said that it had provided Wirecard’s U.K....
BP sells petrochemicals business to INEOS | UK Market Update
July 01, 2020 05:49 AM AEST| By Team Kalkine MediaByron Burger has filed a notice to appoint administrators, to try to protect the restaurant chain from creditors while it seeks a rescue deal. The chain has 1,200 staff and 52 restaurants across the UK. The chain is believed to be in talks with three...
Boris Johnson vows £2BN to rebuild the collapsing Education Institutions | UK Market Update
June 30, 2020 06:32 AM AEST| By Team Kalkine MediaShale gas drilling creator- Chesapeake Energy that facilitated to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said that it had been forced to enter chapter 11...
BA Tells cabin crew to take 20% Pay cut | UK Market Update
June 26, 2020 12:00 PM AEST| By Team Kalkine MediaUK merchants stumped up just 14% of the £2.5bn quarterly rent bill due this week, as the high street crisis sparked by the lockdown echoed through the real estate sector. The fall in the rental take to a record low add together to the...
Royal Mail to cut 2,000 Management Jobs | UK Market Update
June 25, 2020 12:00 PM AEST| By Team Kalkine MediaRoyal Mail plans to cut 2,000 management jobs, as it struggles to deal with the effects of the pandemic. The mail service was already facing challenges before the pandemic. The company said the coronavirus outbreak had accelerated the trends of more...
Swissport to cut more than 4500 jobs | UK Market Update
June 24, 2020 12:00 PM AEST| By Team Kalkine MediaThe airport ground handling company Swissport is planning to cut more than 4,500 jobs in the UK as the aviation industry reels from the coronavirus pandemic. The company, which handles services such as passenger baggage and cargo for airlines, on Wed...
COVID-19 Cases in UK fall to Pre-Lockdown Numbers | UK Market Update
June 23, 2020 12:00 PM AEST| By Team Kalkine MediaCinemas, museums and galleries will be able to reopen in England from 4 July, Boris Johnson is expected to announce on Tuesday as he outlines a further easing of coronavirus restrictions. Venues closed since the middle of March will be able to welcom...
Next to reopen 66 more High Street Stores | UK Market Update
June 22, 2020 12:00 PM AEST| By Team Kalkine MediaJD Sports has warned it is looking at a number of 'strategic options' for Go Outdoors, just four years after buying the company for £112million. The chain has filed a notice of intent to place the fishing, cycling and camping retailer in admini...
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