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 The Hut Group CEO to get one of the biggest payouts in UK's corporate history | UK

The Hut Group CEO to get one of the biggest payouts in UK's corporate history | UK

November 16, 2020 11:16 PM AEDT| By Team Kalkine Media

Matthew Moulding, the chief executive officer of The Hut Group (THG), is going to receive one of the biggest payouts in UK's corporate history. Matthew will receive at least £830 million in shares after the Hut Group’s share price rose t...

 Will the UK's economy be able to carry on the momentum in Q4 2020?

Will the UK's economy be able to carry on the momentum in Q4 2020?

November 16, 2020 12:24 PM AEDT| By Team Kalkine Media

The UK economy recorded a GDP growth of 15.5% quarter on quarter in Q3 2020, but it was below the industry forecast of 15.8%. The quarterly GDP growth was the highest since 1955; however, the UK economy has contracted year on year as the growth decl...

 B&M announces special dividend of £250 million. | Kalkine Market Update UK |

B&M announces special dividend of £250 million. | Kalkine Market Update UK |

November 13, 2020 11:17 PM AEDT| By Team Kalkine Media

B&M European Value Retail S.A. has reported a surge of over 25 percent in its revenue for the first half of FY21. The company has reported strong sales performance spread across all key product categories, which has led B&M to announce 25 pen...

 Rolls-Royce led consortium planning to build up to 16 mini-nuclear plants. | UK |

Rolls-Royce led consortium planning to build up to 16 mini-nuclear plants. | UK |

November 12, 2020 09:46 PM AEDT| By Team Kalkine Media

A consortium led by Engineering giant Rolls-Royce is planning to build up to 16 mini-nuclear plants in the United Kingdom. As per the company, the mini-nuclear plants, which are projected to deliver up to 440MW of electricity each, will help secure t...

 Ryanair chief optimistic of bounce back in air passenger numbers in 2021. | UK |

Ryanair chief optimistic of bounce back in air passenger numbers in 2021. | UK |

November 11, 2020 11:24 PM AEDT| By Team Kalkine Media

Budget airlines Ryanair has expressed its hopes that air passenger numbers would go back to regular ranges by next summer. CEO Michael O’Leary expressed his optimism that passenger volumes should reach 75-80 percent of pre-Covid levels in 2021....

 Countrywide Plc gets an £82 million takeover bid from Connells. | UK |

Countrywide Plc gets an £82 million takeover bid from Connells. | UK |

November 10, 2020 11:16 PM AEDT| By Team Kalkine Media

Countrywide Plc, one of the largest listed estate agent groups in the UK, has received an £82 million takeover bid from its rival Connells Limited. The indicative approach of Connells is at a price of 250 pence per share for a probable all-cash...

 GardaWorld extend takeover bid for G4S PLC. | Kalkine Market Update UK |

GardaWorld extend takeover bid for G4S PLC. | Kalkine Market Update UK |

November 09, 2020 11:16 PM AEDT| By Team Kalkine Media

Canadian security firm GardaWorld, which is vying to acquire G4S Plc and had launched a hostile bid last month, has extended its offer. GardaWorld has said that the offer will remain open for G4S until 28 November to be accepted. In the past, G4S had...

 RSA gets takeover proposal from INTACT and TRYG | Kalkine Media UK

RSA gets takeover proposal from INTACT and TRYG | Kalkine Media UK

November 06, 2020 11:01 PM AEDT| By Team Kalkine Media

RSA gets takeover proposal from INTACT and TRYG RSA Insurance Group Plc (LON: RSA) has received a proposal from a consortium of two insurers, Intact Financial Corporation and Tryg A/S regarding a possible offer for the Company. One of the oldest FT...

 Marks & Spencer group post its first-ever loss. | Kalkine Market Update UK |

Marks & Spencer group post its first-ever loss. | Kalkine Market Update UK |

November 05, 2020 10:01 PM AEDT| By Team Kalkine Media

Covid 19 has taken a toll on the business of Marks & Spencer, as the retailer has posted its first-ever loss for the half-year ended on 26 September. The company posted a loss after tax of £71.6 million as compared to a profit after tax of...

 Primark owner calls for extended shopping hours post lockdown. | Kalkine Market Update UK |

Primark owner calls for extended shopping hours post lockdown. | Kalkine Market Update UK |

November 04, 2020 10:17 PM AEDT| By Team Kalkine Media

Associated British Foods Plc, the owner of fast-fashion retailer Primark, has called for an extended post-lockdown shopping hour to recover Covid losses. George Weston, the chief executive of Associated British Foods (ABF), said the shops should be a...

 Wetherspoon to sell pints of ale for 99 pence. | Kalkine Market Update UK |

Wetherspoon to sell pints of ale for 99 pence. | Kalkine Market Update UK |

November 04, 2020 01:00 AM AEDT| By Team Kalkine Media

Wetherspoon, the largest pub chain in Britain, will sell pints of ale for 99 pence in a bid to clear stock ahead of the new lockdown. The pub chain has launched a three-day sale before the second national lockdown comes into force on Thursday. Wether...

 FTSE-100 Listed Giants Trending on LSE: Lloyds Banking Group, Royal Dutch Shell, BT Group.

FTSE-100 Listed Giants Trending on LSE: Lloyds Banking Group, Royal Dutch Shell, BT Group.

November 03, 2020 03:09 PM AEDT| By Team Kalkine Media

Lloyds Banking Group posted third-quarter earnings that were above the market expectations. It is the UK's largest mortgage lender, and it cashed in the opportunity of the rising UK housing market. The lending stood at £3.5 billion in the third...

 MHRA starts rolling review of AstraZeneca Plc’s potential COVID-19 vaccine | UK |

MHRA starts rolling review of AstraZeneca Plc’s potential COVID-19 vaccine | UK |

November 02, 2020 09:48 PM AEDT| By Team Kalkine Media

British health regulator Medicines and Healthcare Products Regulatory Agency (MHRA) has started an accelerated review of AstraZeneca Plc’s potential coronavirus vaccine. The MHRA will be doing a rolling review of the vaccine, where it can see t...

 Lloyds Banking Group Plc post better than expected profit numbers | Kalkine Market Update UK |

Lloyds Banking Group Plc post better than expected profit numbers | Kalkine Market Update UK |

October 30, 2020 11:12 PM AEDT| By Team Kalkine Media

Lloyds Banking Group Plc (LON: LLOY), the nation’s largest mortgage lender has surprised the street with better than expected profit numbers for the third quarter of 2020. The Group returned to profit, reporting statutory profit before tax of &...

 BT Group Plc selects Ericsson for supplying 5G network equipment

BT Group Plc selects Ericsson for supplying 5G network equipment

October 29, 2020 10:43 PM AEDT| By Team Kalkine Media

BT Group Plc (LON: BT.A), the British multinational and the world's leading communications services provider, has selected Swedish company, Ericsson, to supply equipment for its 5G network. The company has been continuously shifting away from Huawei,...

 Mercedes-Benz to increase its stake in Aston Martin upto 20%. | Kalkine Market Update UK |

Mercedes-Benz to increase its stake in Aston Martin upto 20%. | Kalkine Market Update UK |

October 28, 2020 11:20 PM AEDT| By Team Kalkine Media

As a part of the UK carmaker Aston Martin’s recovery plan, Germany's Daimler unit Mercedes-Benz is going to raise its stake up to 20 percent in the company by 2023. The deal which has been termed as a "strategic technology agreement", will allo...

 Debenhams bidders get two days deadline.  | Kalkine Market Update UK |

Debenhams bidders get two days deadline. | Kalkine Market Update UK |

October 27, 2020 09:40 PM AEDT| By Team Kalkine Media

Mike Ashley’s Frasers Group (LON: FRAS) has been given two days’ time till Wednesday to make a commitment for the ailing retailer Debenhams or walk away. Ashley, the potential suiter of Debenhams had offered £125 million ($162millio...

 Getting back ASDA to  UK Ownership.

Getting back ASDA to UK Ownership.

October 27, 2020 07:50 PM AEDT| By Team Kalkine Media

Issa brothers along with private equity firm TDR Capital wins the bid to buy ASDA, the UK’s third-largest supermarket chain from Walmart, and putting the total value of the Company at £6.8 billion. The Vice-Chancellor, Rishi Sunak, welcom...

 The current volatile scenario and the trajectory of the UK’s IPO Market.

The current volatile scenario and the trajectory of the UK’s IPO Market.

October 27, 2020 05:30 PM AEDT| By Team Kalkine Media

The dynamics of the UK IPO market has changed fundamentally in 2020. The listings on the LSE were almost stalled between March 2020 and June 2020. So far this year, around 17 new listings have been made in the UK Main Market (10 listings) and AIM ma...

 Royal Mail Plc to hire 33,000 temporary staffs for the Christmas period | Kalkine Market Update UK |

Royal Mail Plc to hire 33,000 temporary staffs for the Christmas period | Kalkine Market Update UK |

October 26, 2020 09:29 PM AEDT| By Team Kalkine Media

Royal Mail Plc (RMG) is going to hire a record 33,000 additional workers for the Christmas period. The numbers of temporary, seasonal hiring are two-thirds more than the usual 15,000 to 23,000 staff it hires during October and January. Rio Tinto Plc...

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