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Persimmon Declares Second Dividend, Taylor Wimpey Raises Profit Guidance - Is the Housing Market Growth Sustainable?
November 12, 2020 08:52 PM AEDT| By Kunal SawhneySummary Persimmon announced a second interim dividend of 70p per share to be paid in December Taylor Wimpey had revised its profit expectations following the rapid growth in the market fuelled by stamp duty holiday and Government's Help to Buy.....
Performance Review of Two Media Stocks Trending on LSE: Bloomsbury Publishing & STV Group
November 12, 2020 04:18 AM AEDT| By Kunal SawhneySummary Bloomsbury Publishing reported revenue of £78.3 million in H1 FY21. The sales grew by 10% year on year as it was supported by online book and e-book sales. STV Group reported revenue of £44.7 million, which was declined by .....
Will Ryanair’s (LON: RYA) demand revive on the back of Pfizer’s Covid-19 vaccine promises?
November 12, 2020 02:04 AM AEDT| By Hina ChowdharySummary Ireland-based low-cost airline company Ryanair Holdings expects its air traffic to revive to near normal levels by next summer CEO Michael O’Leary said that the passenger volumes could reach 75 to 80 per cent of the pre-Covid leve.....
Sainsbury’s (LON: SBRY) Double Up Scheme Now More Rewarding for Vulnerable
November 12, 2020 01:45 AM AEDT| By Hina ChowdharySummary The annual Nectar ‘Double Up’ promotion of the UK-based general retailer J Sainsbury PLC has started. The points can be doubled by ordering vouchers online or through the Nectar app and exchanging them at bigger Sainsbury&rs.....
BP moving to hydrogen as renewables hit a record growth
November 12, 2020 12:40 AM AEDT| By Kunal SawhneySummary Offshore wind to power the oil major’s onshore hydrogen plant in Germany 90 per cent of the new electricity generation to come from the renewables in 2020 BP plc has partnered with Ørsted A/S for producing hydr.....
Pfizer’s Covid-19 Vaccine Rekindles Hope For Cruise Line Stocks
November 11, 2020 10:57 PM AEDT| By Team Kalkine MediaSummary Pfizer’s Covid-19 vaccine candidate indicated more than 90 per cent efficacy against the disease Chairman and CEO Dr. Albert Bourla said that it is a great day for all the scientists and humans globally CEOs of major cruise opera.....
Is Ocado (LON: OCDO) Stock Getting Impacted by Fresh Patent Infringement Lawsuits?
November 11, 2020 07:50 PM AEDT| By Team Kalkine MediaSummary Robotics company AutoStore has filed another lawsuit against Ocado accusing it of infringing patents On 1 October 2020, AutoStore had sued Ocado by filing a patent infringement lawsuit in the District Court of the United States Autosto.....
Recent Business Updates Unveiled by this Household Goods Player: Taylor Wimpey Plc
November 11, 2020 02:23 AM AEDT| By Kunal SawhneySummary Taylor Wimpey Plc is expected to generate an operating profit ranging around £242 million to £292 million in FY20. The Company has made £826 million of gross land purchases in H2 FY20 till 01 November 2020. The tradin.....
Second Lockdown Fails to Affect Housing Market Momentum
November 11, 2020 01:48 AM AEDT| By Team Kalkine MediaSummary The second lockdown has not affected the momentum of the housing market as prospective buyers are busy purchasing properties before the expiry of the stamp duty holiday period next year. The pandemic this year has been a massive demand .....
What made Countrywide Plc (LON: CWD) Shares Surge?
November 11, 2020 01:15 AM AEDT| By Team Kalkine MediaSummary Countrywide received a takeover bid worth £82 million from its rival Connells Company’s share saw a sharp increase of 45 per cent on Monday reacting to the latest development The proposal is at a nascent stage and Connells .....
WH Smith (LON: SMWH) Drops A £4.5 Million Bonus Plan for Its Chief Executive, Braced for Annual Loss
November 10, 2020 11:38 PM AEDT| By Kunal SawhneySummary WH Smith has abandoned its plans to reward its chief executive with a windfall of shares worth millions The book and the stationery chain has braced itself for a headline loss before tax of between £70-75 million for 2020 The sha.....
Pfizer and BioNTech Skyrocket on Covid-19 Vaccine Results
November 10, 2020 08:23 PM AEDT| By Hina ChowdharyStock markets across the world witnessed a sharp uptick on Monday after initial data of a clinical trial showed that Pfizer and BioNTech’s vaccine candidate was more than 90 per cent effective in preventing COVID-19. Shares of both the pharm.....
Severn Trent, United Utilities, Pennon Group, SSE - Can These Utility Stocks Be Looked for Dividend Income?
November 10, 2020 04:27 AM AEDT| By Kunal SawhneySummary Companies belonging to the Utility sector usually have stable businesses and are considered regular dividend payers Dividend stocks are stocks which give their holders regular income and are preferred by investors who are risk averse I.....
Andrew Briggs hikes Phoenix Group holding by 24%, shares gain 4%
November 10, 2020 04:20 AM AEDT| By Hina ChowdharySummary Phoenix Group Holdings Group CEO and Director Andrew Briggs has hiked his stake in the company With a share price of GBX 715, the stock of Phoenix Group Holdings is trading at 3.4 per cent above its 50-day moving average Sh.....
One FTSE 100 Consumer Stock Trending on LSE: J Sainsbury Plc
November 10, 2020 02:00 AM AEDT| By Team Kalkine MediaSummary J Sainsbury Plc’s sales contracted by 1.8% during H1 FY21. The Company has planned to close 420 standalone Argos stores by March 2024. Digital sales have increased by 117% year-on-year during H1 FY21. Special dividend of 7.30 pe.....
Post-Brexit market: Sunak mulls UK public listings overhaul to lure tech giants
November 10, 2020 01:45 AM AEDT| By Hina ChowdharySummary The "free float" requirement for a premium main market listing could be reduced Businesses might be allowed to hold dual class share structures Tech giants have delivered handsome returns since inception in the past The te.....
William Hill (LON: WMH): Why Are PE Firms Eyeing UK Gambling Companies?
November 10, 2020 01:35 AM AEDT| By Kunal SawhneySummary The massive growth in the UK online gaming industry during the pandemic lockdown has raised significant investor interest in the sector. In October, US gambling and hospitality giant Caesars Entertainment agreed to purchase British onli.....
5 promising penny stocks at the London Stock Exchange
November 08, 2020 07:58 PM AEDT| By Kunal SawhneySummary Many a times, penny stocks are trading at a significant discount to their face value. These stocks have a high risk and reward potential and is generally picked up by investors who have a high appetite for risk. Investing in these stoc.....
Top FTSE 100 shares of 2020: These 3 large-cap stocks gained over 100% after Covid-19 crash
November 08, 2020 05:53 PM AEDT| By Hina ChowdharySummary FTSE 100 has surged a little over 18 per cent in the seven-and-half-month stretch to 5,906.18 (5 November) from a level of 4,993.89 as on 23 March Surprisingly, there are three FTSE 100 large-cap stocks that have gained more than 100 pe.....
FTSE 100’s Oldest Insurer RSA Receives A £7 Billion Takeover Bid
November 07, 2020 08:32 PM AEDT| By Kunal SawhneySummary The Company received a £7 billion takeover proposal from Intact and Tryg The operating landscape of insurers remain highly volatile with the continuing uncertainty of the Covid-19 pandemic RSA shares have risen over 50 per cent i.....
