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Asda buyout: TDR-backed EG Group emerges as Walmart’s favourite with £6.5-bn deal
September 30, 2020 09:02 PM AEST| By Team Kalkine MediaThe TDR Capital-backed EG Group has emerged as Walmart’s preferred bidder in the race to buy Asda Stores Limited with a £6.5-billion deal. Walmart Inc., the department store chain from the US is the parent company of Asda. While.....
Top FTSE 100 Performers in 2020 So Far: Ocado, Kingfisher, Hikma, Reckitt Benckiser and Admiral Group
September 30, 2020 05:05 AM AEST| By Team Kalkine MediaSummary There have been some resilient stocks which delivered double-digit returns despite the carnage in the stock markets Retail, Financial, and Insurance are some of the sectors which have seen the minimal impact of Covid-19 Ocado reported .....
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Sizeable Gold Exploration Potential at ECR Minerals’ Creswick Project
September 29, 2020 11:39 PM AEST| By Team Kalkine MediaSummary The Creswick project area with an abundance of DMS has a high potential for gold mineralisation MGA’s 2019 RC (reverse circulation) drilling had classified quartz-carbonate composite chips in 5 drill holes and as Ferroan dolomite .....
Shares Of HSBC Jump On LSE As Key Chinese Investor Raises Stake
September 29, 2020 11:31 PM AEST| By Team Kalkine MediaSummary Ping An Asset Management of China increased its stake in the bank to 8 per cent, which is seen as a vote of confidence by investors despite a recent spat between Chinese and British governments over Hong Kong. The bank had been embroile.....
Two Consumer Stocks Trending on LSE - Camellia PLC & Brand Architekts Group PLC
September 29, 2020 11:12 PM AEST| By Hina ChowdharySummary Camellia PLC generated revenue of £114.9 million, which declined by 2.0 percent year on year in H1 FY20. The business activity was impacted due to the subdued global tea prices and the impact of extreme weather conditions on the p.....
Big Management Shakeup at Subprime Lender Amigo Holdings Plc
September 29, 2020 11:11 PM AEST| By Kunal SawhneySummary Amigo Holdings Plc, which was valued at £3 billion at the time of its IPO in June 2018, has now lost its value to nearly one-twentieth. Three key management personnel who have been at the helm of affairs are now set to step down, .....
A Pharmaceutical Stock Worth Looking at Amid the Corona Crisis
September 29, 2020 06:22 AM AEST| By Team Kalkine MediaSummary GlaxoSmithKline Plc is among the few spearheading the discovery of a potential vaccine to combat the deadly coronavirus. The pharmaceutical company spends a lot of money on research development every year to stay ahead of the competitio.....
Fintech Drives The Banking Sector: Barclays Employs Third Tech Tool
September 29, 2020 04:40 AM AEST| By Kunal SawhneyDriving ahead the strategic initiative of employing fintech tools to better service its customers, Barclays plc (LON: BARC) recently partnered with Propel, a specialist asset finance provider, to provide its one million small-and medium-size custom.....
Recent Financial Updates on Two FTSE Listed Technology Stocks: LoopUp Group & Trackwise Designs
September 28, 2020 11:11 PM AEST| By Team Kalkine MediaSummary LoopUp Group generated revenue of £31.9 million, which grew by 43 percent year on year in H1 FY20. The growth in revenue was driven by work from home migration due to the covid-19. Trackwise Design's revenue grew from £1.54.....
Natwest And Lloyds In Focus As They Intend To Payout Dividends
September 28, 2020 11:11 PM AEST| By Team Kalkine MediaSummary In these tough times of the Covid-19 pandemic, the UK lenders have been continuously trying to save the economy from a downfall Shareholder returns have been significantly down since the beginning of the year 2020, resulting from divide.....
Performance Of Pubs And Restaurant Stocks Amid Likely Total Social Lockdown Plans
September 28, 2020 11:11 PM AEST| By Team Kalkine MediaSummary Ministers are working on an emergency plan to impose total social lockdown across parts of northern Britain and London, thereafter. The households could also face restrictions on indoor socialising. The shops, factories, and schools wo.....
Second Covid-19 wave likely to close 12 million m2 of retail space
September 28, 2020 11:00 PM AEST| By Hina ChowdharySummary Due to the fears of a second coronavirus wave, landlords and developers could likely close around 12 million m2 of retail space and look for substitute tenants. Study by Altus Group said around 38 per cent of the 400 property developmen.....
Is Rolls-Royce Looking for Fund Raising for Financial Resilience?
September 28, 2020 10:55 PM AEST| By Kunal SawhneySummary Rolls-Royce is reportedly looking to improve its liquidity position by tapping investors for £2.5 billion Group’s revenue was severely impacted by Covid-19 and declined by 24 per cent in H1 2020 Company is carrying out majo.....
How Will Food Stocks Be Affected With Amendments In The UK Agriculture Bill?
September 28, 2020 09:25 PM AEST| By Team Kalkine MediaRecently the House of Lords has voted in favour of two amendments in the UK Agriculture Bill. The first amendment will ensure that the imported food products would need to comply with the domestic food standards in Britain once the Brexit transitio.....
Independent Review Identifies Flaws in Boohoo’s Leicester Supply Chain
September 28, 2020 12:57 AM AEST| By Team Kalkine MediaSummary An independent review identified several flaws in Boohoo’s Leicester supply chain In July 2020, the fashion retailer had appointed Alison Levitt QC to conduct an assessment regarding its responsibilities and duties related to the .....
Lithium Stocks in Focus with Surging Demand of Electric Vehicles
September 28, 2020 12:47 AM AEST| By Team Kalkine MediaSummary Lithium is predominantly used as a key component in batteries that power smartphones, tablets, electric cars, and scooters Today, more than fifty per cent of all Lithium is used in rechargeable batteries The greatest momentum to Lithiu.....
UK Travel Stocks Turn Peaky with Resurgence in Covid-19 Infection Across Europe
September 27, 2020 09:50 AM AEST| By Team Kalkine MediaSummary The United Kingdom has added Iceland, Denmark, and Slovakia to its list of countries, from where travellers will be subject to mandatory two weeks self-isolation, on account of rising infections in these countries. The number of countri.....
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Lens on Tesco And J Sainsbury As UK Retail Sales Growth Hits Highest Since April 2019
September 27, 2020 04:50 AM AEST| By Team Kalkine MediaSummary The retail sales in the UK grew at the fastest pace in September to +11 as compared to -6 in the month of August. Furniture, DIY, and grocery sales have increased sharply while Clothing and department store retailers continued strugglin.....
REITS Continue to Remain Under Pressure, Shaftesbury Receives Less Than Half of The Rent
September 26, 2020 10:10 PM AEST| By Team Kalkine MediaSummary Shaftesbury received only 41 per cent of the rent dues in the last six months The company has been struggling to relet flats as 20 per cent of the apartments UK property market recently witnessed shortening of leases, where the high st.....
Focus On EasyJet, A Covid Loan Beneficiary, As The UK Borrowings Surge
September 26, 2020 08:19 PM AEST| By Team Kalkine MediaThe public borrowings for the country surged to a high level of £36 billion during the month of August 2020, according to the latest government statistics. The British government has been forced to spend a large sum of money towards economic .....
