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Will NatWest’s move add to Binance woes?
July 23, 2021 10:05 AM BST| By Kamalika GhoshSummary NatWest announced the blocking of all credit and debit card payments to Binance UK Financial Conduct Authority (FCA) declared that Binance Markets Ltd., the global affiliate of Binance, is not authorized to conduct operations in the UK......
Will Saga shares recover? Is the company in trouble?
July 19, 2021 12:16 PM BST| By AbhijeetShares of Saga Plc (LON: SAGA), the Kent-headquartered insurance-to-financial services provider, have been extremely volatile since the last five years. The value erosion has been so much so, the company has lost nearly 90% of its market capitalisa.....
Lloyds, NatWest and Barclays in focus as BoE scraps dividends pay out restrictions on banks
July 14, 2021 11:37 AM BST| By Suhita PoddarSummary Bank of England has scrapped dividends pay out restrictions imposed in March last year. Banks can now once again pay dividends to their shareholders after the significant recovery in the economy. Investors would be eyeing top ban.....
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What made Admiral Group (LON: ADM) the top gainer of FTSE 100?
July 13, 2021 07:38 AM BST| By Suhita PoddarSummary Admiral Group (LON: ADM) surged almost 4 per cent on Monday to emerge as the top gainer of FTSE 100. The company expects a boost in pretax revenue due to fewer insurance claims during the lockdown period. Admiral Group Plc is likely to.....
Which are the top 4 health insurance stocks in the UK?
July 12, 2021 11:02 AM BST| By Kamalika GhoshSummary Demand for private health insurance in the UK saw a surge during the pandemic because of the long waiting period at government health provider NHS. Private health insurance provides faster access to treatment compared to NHS with the ch.....
Why FCA has slapped a fine of £91M on Lloyds (LON: LLOY)
July 09, 2021 01:17 PM BST| By Kamalika GhoshLloyd’s Banking Group (LON:LLOY) has been subjected to one of the heaviest fines slapped on any lender for breach of the Financial Conduct Authority (FCA) guidelines. The bank will have to cough up a whopping £91 million for sending ins.....
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3 FTSE 100 Banking stocks in focus after the UK secures global tax exemption
July 01, 2021 09:01 AM BST| By Suhita PoddarSummary The UK received a global tax exemption for its financial services firms from the group of seven’s recent global tax plans. Under the exemption, UK multination banks will not have to pay tax on profits generated in other countries......
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What led HSBC to feature at eighth position in global top 10 banks?
June 28, 2021 02:11 PM BST| By AbhijeetSummary HSBC was the only European bank in the global top 10 list and saw its ranking improve in the Top 1000 world bank survey by The Banker. HSBC was placed at eighth position with Tier 1 cap.....
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Why activist investors are targeting Aviva
June 09, 2021 03:30 PM BST| By Kamalika GhoshSummary Europe’s largest activist fund Cevian is pressing Aviva to cut costs and return £5 billion to its shareholders. As per the co-founder of the Cevian, Aviva has been managed inappropriately for many years. Emma Walmsley, .....
FTSE 250 listed Paragon Banking profits surged on substantial lending volumes
June 08, 2021 05:52 PM BST| By Team Kalkine MediaSummary PAG had shown around 68.8% growth in statutory profit during H1 FY21. PAG will pay an interim dividend of 7.2 pence per share on 23 July 2021. The Company had announced a buyback of shares worth approximately £40.0 million in the.....
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Quantum Blockchain Shares Jump Over 17% As It Inks Deal with A Cryptography Expert
June 02, 2021 01:30 PM BST| By Suhita PoddarSummary Quantum announced a Bitcoin mining optimization deal with a UK based cryptography expert firm. The shift comes as a part of the company’s new research and development strategy. The firm was also looking at other latest approaches.....
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Amigo Shares Plunge 12% As It Decides to File for Insolvency
June 01, 2021 12:53 PM BST| By AbhijeetSummary The London High Court refused to approve Amigo Holding’s customer compensation scheme last week. The company’s chief executive said that in the absence of a scheme, Amigo would face insolvency because it would not be able to.....
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HSBC up 3%, hits new 52-week high: What’s behind the rally
May 28, 2021 03:25 PM BST| By AbhijeetSummary HSBC Holdings shares rallied close to 3 per cent in the morning deals Investors have apparently welcomed the bank’s commitment towards net zero target At 52-week highs, the stocks stands with a YTD gain of nearly 21 per cent .....
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NatWest Cautions Investors Against Cryptocurrency Fraud
May 28, 2021 01:17 PM BST| By Suhita PoddarNatWest Group Plc (LON: NGW) has launched a cryptocurrency scam alert for its mobile app users, advising them against scams in the much talked about currency of the present time. The bank is running an urgent cryptocurrency scam alert on the app t.....
FTSE 250 listed Shaftesbury seeking for summer revival after reporting a wider first-half loss
May 25, 2021 05:51 PM BST| By Team Kalkine MediaShaftesbury PLC (LON: SHB) is the financials stock listed on the London stock exchange. SHB’s shares have generated a return of 14.62% in the last 12 months. SHB is listed on the FTSE 250 index. Company Overview Shaftesbury PLC (LON: SHB) i.....
Spotlight On 2 Banking Stocks: Virgin Money and Barclay Plc
May 21, 2021 05:46 PM BST| By Suhita PoddarSummary UK banking sector has increasingly adopted technology to innovate under business uncertainty caused by the ongoing covid-19 crisis. A recent report commissioned from Mobiquity saw 40 per cent of banks adopting digital technology to make.....
Why HSBC And Lloyds stock Are trading Down?
May 17, 2021 01:37 PM BST| By Suhita PoddarSummary A majority of banking and financial services firms have expressed optimism for the long term after the pandemic, according to a report by banking platform Yobota. 76 per cent of companies invested in new technology, and 79 per cent of s.....
FTSE 100-listed Prudential expects demerger of Jackson in the second half of 2021
May 13, 2021 04:33 PM BST| By Team Kalkine MediaSummary Prudential had shown around 14% growth in Asia and Africa APE (Annual Premium Equivalent) sales during Q1 FY21. The Company will pay a second interim dividend of around 10.73 US cents per share on 14 May 2021. Pulse downloads have reac.....
Amigo Holdings Plunge Over 25% as FCA Confirms to Oppose Rescue Plan
May 11, 2021 05:42 PM BST| By AbhijeetSummary The Financial Conduct Authority is all set to oppose Amigo Holdings Plc’s rescue scheme. A majority of Amigo’s creditors have voted in favour of the scheme, though FCA has said the proposal in its current form was not fair. .....
Natwest Stock Trades in Red after the UK Government Lowers Its Stake
May 11, 2021 04:12 PM BST| By Suhita PoddarSummary Treasury intends to dispose of nearly 5 per cent of its shares in NatWest Group PLC. NatWest has moved closer to completely returning to private ownership. The shares of the bank were trading lower by over 2 per cent in the morning hou.....
