The rise of the rupee results in a gain of 386 points for stocks.

Creative Media NewsFriday, 12 August 2022, 14:000

On Friday, the benchmark KSE-100 index reversed its losses due to the rupee’s robust recovery and anticipated inflows. According to the website of the Pakistan Stock Exchange (PSX), the benchmark index rose 386.33 points, or 0.91 percent, to 42,629.66 points at 12:26 p.m. On Thursday, political turmoil and an increase in the power tariff ended...

As Britons facing a harsh winter, energy firms fear a windfall tax hike.

Creative Media NewsFriday, 12 August 2022, 11:000

Boardrooms of British oil and gas corporations shivered as the government hinted at plans to tighten its grip on their profits. The Chancellor of the Exchequer, Nadhim Zahawi, and the Business Secretary, Kwasi Kwarteng, have invited the heads of the major energy companies to a meeting today to explain their astronomical profits in light of...

Investors praise Aviva CEO Amanda Blanc for ‘reinvigorating’ the insurer.

Creative Media NewsFriday, 12 August 2022, 10:000

Investors applauded Amanda Blanc as Aviva pledged to return more money to shareholders after announcing stellar half-year earnings. As a boost for its half-million individual shareholders, the insurance and savings company pledged to conduct another share buyback. It comes only months after Aviva paid £4.8bn to its shareholders and is likely to calm activist investor...

Coca-Cola HBC earnings plummet as Russia departure costs bottle up £161 million.

Creative Media NewsFriday, 12 August 2022, 8:000

Coca-Cola HBC’s earnings have decreased by roughly a third as a result of its decision to severely reduce its activities in Russia. The London-listed company’s first-half net income decreased by 34.4% to €152.9 million despite total sales exceeding projections due to price increases and greater demand in emerging regions. The major bottler incurred €190m (£161m)...

Tui narrows losses as travel restrictions lift, but airport turmoil delays profitability.

Creative Media NewsThursday, 11 August 2022, 19:000

The travel company Tui Group has effectively reduced its losses by two-thirds as a result of an increase in international tourism. The German leisure company traded on the London Stock Exchange reported a second-quarter loss of €331.2 million, compared to a loss of €939.8 million in the same period last year when Covid-19 limitations reduced...

Famous nonprofits restart their contentious fundraising strategy.

Creative Media NewsTuesday, 9 August 2022, 12:000

After stating they wouldn’t, prominent organizations have resumed the contentious fundraising approach. The Telegraph can reveal that charities are increasingly employing contentious door-to-door fundraising as a means to capitalize on individuals working from home.The number of doorstep direct debit signups is expected to increase this year, according to data from the Chartered Institute of Fundraising....

In the next three years, half of all first-time buyers will need parental cash.

Creative Media NewsSunday, 7 August 2022, 1:000

In the next three years, half of all first-time buyers will only be able to purchase a home with the help of their parents, according to data from a renowned estate agent. The analysis conducted by Savills reveals the true depth of the financial difficulties first-time buyers confront. It was discovered that 47% of all...

Nearly 6 million households struggle to afford basic telecom services.

Creative Media NewsSunday, 7 August 2022, 0:000

According to reports, about 6 million households are unable to pay their basic telecom bills despite decreasing spending on other critical services. The Ofcom analysis revealed that an estimated 3.5 million households have already reduced spending on clothing and food to pay for their internet or mobile phone costs. Which? is urging the government to...

Despite a drop in listings, London Stock Exchange Group has increased its dividend and begun a £750 million stock buyback.

Creative Media NewsSaturday, 6 August 2022, 8:000

After climbing gantries and blocking three sections of the M25 for nine hours, protestors from Just Stop Oil were escorted away by specialized climbing officers. The demonstrators’ actions caused traffic disruption and anger among motorists. A man and two women were caught after climbing a gantry over the M25 at the Poyle Interchange between Junction...

Brickability building the groundwork for future growth.

Creative Media NewsFriday, 5 August 2022, 10:000

Brickability Group’s most recent financial results demonstrated robust growth at the AIM-listed construction materials distributor, which, in a challenging economic climate, must have made management feel vindicated in its aggressive acquisition strategy. The company’s stock has a solid run throughout 2021, and despite a decrease in price year-to-date, the business (delivering rather than manufacturing building...

Is Hong Kong business AMTD Gamestop 2.0 after soaring 32,000% in two weeks?

Creative Media NewsFriday, 5 August 2022, 9:000

Since its Initial Public Offering a month ago, shares of a relatively unknown Hong Kong-based technology business have increased by up to 32,000%. AMTD Digital debuted on the stock exchange two months ago, generated $25 million in revenue in 2014, and employs only 51 people. At one point, its market capitalization was $300 billion, comparable...

As the cryptocurrency market declines, Robinhood reduces its workforce by nearly a fourth.

Creative Media NewsThursday, 4 August 2022, 1:000

Due to excessive inflation and the decline of the cryptocurrency industry, Robinhood is laying off approximately a quarter of its workforce. The corporation reported that the current economic climate had limited their trading activities, which had exploded during the height of the pandemic. The move comes after the company announced quarterly revenues of $318 million...

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