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EASYJET Resumed flights, said it's 100% SAFE | UK Market Update
June 15, 2020 12:00 PM AEST| By Team Kalkine MediaTravis Perkins, the builders’ merchant, is cutting 2,500 jobs in the UK, almost a 10th of its workforce, and closing 165 stores as it expects weaker demand for materials in the next two years in the wake of the Covid-19 pandemic. The company is...
The UK's Economy shrank by 20.4% in April | UK Market Update
June 12, 2020 12:00 PM AEST| By Team Kalkine MediaThe UK's economy shrank by 20.4% in April - the largest monthly contraction on record - as the country spent its first full month in lockdown. The contraction is three times greater than the decline seen during the whole of the 2008 to 2009 economic...
Ocado's 1 billion bet on online grocery shopping
June 11, 2020 12:00 PM AEST| By Team Kalkine MediaOcado, the British online supermarket and technology group, plans to raise 1 billion pounds ($1.3 billion), giving it more firepower to capitalize on the rapid growth of the online grocery market triggered by the coronavirus crisis. The group said o...
BP to slash 10,000 Jobs | UK Market Update
June 09, 2020 12:00 PM AEST| By Team Kalkine MediaBP is slashing 10,000 jobs as the coronavirus crisis sparks a brutal clear-out of senior management and white-collar staffIn the latest sign of the corporate carnage inflicted by the pandemic, the FTSE 100 super-major's boss Bernard Looney told staff...
LOCOSOCO Group Partners with CleanStrike LLC | UK Market Update
June 08, 2020 12:00 PM AEST| By Team Kalkine MediaBlueRock Diamonds Plc (LON: BRD) has informed about the private sale of 2,400 carats diamond at an average of US$290 per carat for a total of US$700,000. The executive chairman of the company has stated that the parcel sold did not contain any signif...
Luxury Carmaker Bentley to cut 1000 Jobs | UK Market Update
June 05, 2020 12:00 PM AEST| By Team Kalkine MediaStrict lockdown measures have resulted in many buyers pulling back from the market concerned that their financial position might deteriorate in the future. According to the latest figures released this morning, average UK house prices saw a 'modest'...
Easy & Carnival Cruises to lose their place in FTSE 100 INDEX | UK Market Update
June 04, 2020 06:30 AM AEST| By Team Kalkine MediaEasyJet and cruise operator Carnival are set to lose their place in the FTSE 100 index of the UK’s biggest companies following the collapse in their share prices due to the coronavirus pandemic’s impact on the travel industry. The budget...
TED BAKER Founder, Ray Kalvin's stake slashed | UK Market Update
June 03, 2020 06:01 AM AEST| By Team Kalkine MediaBritain’s manufacturing sector has shown signs of recovering from the worst damage inflicted during the coronavirus outbreak, after a survey showed that factory output had declined at a slower pace in May than a month earlier. The manufacturing...
Shoe Chain Aldo Collapses | UK Market Update
June 01, 2020 02:00 PM AEST| By Team Kalkine MediaThe owner of Primark has ruled out a fire sale of excess stock as trading prepares to resume in the UK following the coronavirus lockdown. Associated British Foods (ABF) said it was aiming to reopen all 153 stores in England on 15 June - in line with...
TED BAKER to unveil £80M Share Plan | UK Market Update
May 30, 2020 12:00 PM AEST| By Team Kalkine MediaRishi Sunak is racing to build a £100bn job creation scheme amid fears two million Britons will lose their jobs when the furlough scheme ends. During the Downing St press conference the Chancellor promised to address the looming employment cris...
Why Renault Plans to cut 14000 Jobs? | UK Market Update
May 29, 2020 12:00 PM AEST| By Team Kalkine MediaThe French carmaker Renault plans to cut 14,600 jobs as it aims to save €2bn (£1.8bn) in one of the deepest restructuring programs prompted by the coronavirus pandemic across the global car industry. Renault will cut 4,600 jobs in its Fren...
Why Nissan shuts Barcelona Plant, 2800 Job cuts? | UK Market Update
May 28, 2020 12:00 PM AEST| By Team Kalkine MediaEasyJet is to cut up to 30% of its workforce as it struggles to cope with the collapse in demand for air travel caused by the coronavirus pandemic. The airline did not say exactly how many jobs would go, but it employed 15,000 people at the start of...
Formula 1 team McLaren plans to cut its workforce amid crisis | UK Market Update
May 27, 2020 12:00 PM AEST| By Team Kalkine MediaJohn Lewis has announced plans to reopen 13 stores next month, as the UK Government slowly relaxes rules for thousands of high street businesses. The chain said branches in Poole and Kingston will be the first to reopen on June 15, followed by 11 mor...
Richard Branson’s Virgin Orbit has failed in its first test launch of a new rocket | UK Markets
May 26, 2020 08:47 PM AEST| By Team Kalkine MediaRichard Branson’s Virgin Orbit has failed in its first test launch of a new rocket carried by a Boeing 747 and released over the Pacific Ocean off the coast of southern California. The inaugural launch had appeared to be going well until moment...
2500 Job lost and 64,000 bookings cancelled in UK | UK Market Update
May 24, 2020 06:01 AM AEST| By Team Kalkine MediaAbout 2,500 jobs have been lost and 64,000 bookings cancelled with the collapse into administration of Specialist Leisure Group. The hotel and travel company included well-known coach holiday brands Shearings and National Holidays. Trade organisation...
Is it the right time to invest in British Capital Market?
May 24, 2020 03:18 AM AEST| By Team Kalkine MediaRight after the pandemic broke out in the United Kingdom, the London Stock Exchange had a tumultuous ride in most of its popular indices. Most investors be it domestic or international started pulling out their funds initially given the pace at which...
Facebook to permanently embrace remote working | UK Market Update
May 22, 2020 12:00 PM AEST| By Team Kalkine MediaFacebook says it is going to permanently embrace remote working once the coronavirus pandemic ends - but this could come at a cost for employees. The world's biggest social network is going to start "aggressively opening up remote hiring" - with chie...
Marks & Spencer may shut more shops | Market Update
May 21, 2020 12:00 PM AEST| By Team Kalkine MediaMarks & Spencer has warned it may shut more shops to survive in the post-pandemic world, as it grapples with a growing mountain of unsold clothes. The 136-year-old chain revealed it had been forced to write off £145million on clothes it has...
Why Uber is cutting more than 3000 Jobs? | Market Update
May 19, 2020 12:00 PM AEST| By Team Kalkine MediaIreland-based Ryanair has received £600m (about $730 million) from the United Kingdom’s Covid Corporate Financing Facility (CCFF). This move comes as the low-cost carrier’s CEO has been critical of state aid to airlines. The $730 mi...
How Coronavirus impacted UK Stock Market? | Market Update
May 17, 2020 12:00 PM AEST| By Team Kalkine MediaIn the last couple of months investors, wealth has eroded drastically. The coronavirus pandemic has depleted nearly 15 percent of the market capitalization of the UK stock market. The broader equity stock market index of the UK stock exchange, FTSE 1...
AI on the Rise: A Look at Top AI Companies and Their Stocks