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Stocks
Social Media Platforms Face Strict Deadlines Under New Online Safety Act
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,New Online Safety Act in Effect:,Social media companies must implement safeguards against harmful content by March 2025 or face significant penalties.,Platforms Risk Severe Fines:,Failure to comply could result in fines up to 10% of globa...
Standard Industries Pushes for Strategic Overhaul at Johnson Matthey
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Standard Industries Calls for Action:,Major shareholder urges a full review of Johnson Matthey's business strategy, advocating for potential sales of assets or the entire company.,Focus on Underperformance:,Johnson Matthey’s hydrogen tech...
Lycamobile Faces Major Challenges, Announces Potential UK Staff Reductions
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Massive Staff Reductions Announced:,Lycamobile may lay off up to 316 staff members in the UK, leaving just 48 employees in the country.,Financial and Operational Challenges Cited:,Competition, inflation, and legacy technology issues have...
Powerhouse Energy Completes Feedstock Testing Unit Ahead of 2025 Plans
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Mechanical Completion Achieved:,Powerhouse Energy completed its Feedstock Testing Unit (FTU) on schedule and within budget.,Exciting Developments for 2025:,"Hot" commissioning and testing of the FTU are set for early 2025, with open days...
NatWest Retail Banking Chief to Step Down Amid Transition to Full Private Ownership
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Leadership Change Announced:,NatWest retail banking head David Lindberg is set to leave in early 2025 after four years leading the division.,Transition to Private Ownership:,The UK government’s stake in NatWest has dropped below 10%, sign...
METLEN Energy & Metals Pursues Dual Listing on London Stock Exchange
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Strategic London Listing Announced:,METLEN Energy & Metals begins the process for a primary listing on the London Stock Exchange while maintaining a secondary listing in Athens.,Valuation and IPO Prospects:,With an approximate valuation o...
Guinness Shortages Force UK Pubs to Ration Amid Festive Rush
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Pubs Face Guinness Shortages:,Panic buying and a surge in demand have led to rationing of Guinness in the UK, with some pubs running out of supply.,Demand Boosted by "Guinnfluencers":,The drink's popularity has spiked among women and youn...
Quadrise Advances Clean Fuel Solutions with Panama Power Plant Trial
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Fuel Testing Initiative:,Quadrise to test its MSAR® and bioMSAR™ fuels at Sparkle Power's El Giral 50MW power plant in Panama.,Environmental and Economic Goals:,The trial aims to showcase cost savings and emissions reductions compared to...
Royal Mail’s Future Under Foreign Ownership: Government Greenlights Kretinsky’s Takeover
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Government Approval Secured:,Daniel Kretinsky's £3.6 billion bid for Royal Mail gains conditional approval under national security laws.,Binding Commitments Required:,Assurances include maintaining the universal service obligation, UK hea...
Rainbow Rare Earths Progresses Phalaborwa Project with Interim Study
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Enhanced Confidence Parameters:,The Interim Study incorporates high-confidence data from large-scale pilot testwork for REE recovery.,Strong Financial Metrics:,Despite current market challenges, the project shows potential for annual prof...
Oriole Resources Confirms Promising Results at Cameroon’s Mbe Gold Project
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Drilling Success:,First drill hole confirms lithology consistent with trenching and soil sampling results at the Mbe gold project.,Gold Anomaly Identified:,Exploration targets validated by a large gold anomaly over a wide area.,Positive M...
Saga Enters Strategic Partnership with Ageas Following Underwriting Unit Sale
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Strategic Shift:,Saga PLC confirms sale of its underwriting business to Ageas and a 20-year insurance partnership.,Financial Boost:,Deal includes upfront payment of £80 million, plus performance-based incentives.,Focus on Core Operations:...
XLMedia Faces Market Turmoil Amid Reduced Earnout Expectations and Transition Plans
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Reduced Earnout Forecast:,XLMedia now anticipates earning $3-5 million from the sale of its European and North American operations, a significant drop from the projected $15 million.,Transformation to Cash Shell:,The company is winding do...
Frasers Group Granted Approval for Controversial 3.3 Million Sq Ft HQ Despite Local Opposition
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Massive Development Approved:,Frasers Group secures planning permission for a 3.3 million sq ft headquarters near Rugby, including warehouses, offices, and leisure facilities.,Green Belt Controversy:,The project faced opposition for causi...
December House Prices Dip Ahead of Festive Season, Rightmove Anticipates Post-Christmas Rebound
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Seasonal Price Dip:,Average new house seller asking prices fell 1.7% in December, reflecting the annual pre-Christmas slowdown.,Boxing Day Surge Expected:,Rightmove predicts a rise in home-mover activity on Boxing Day, a growing trend for...
Videndum PLC Faces Challenging Market Conditions, Announces Strategic Restructuring
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Revenue Decline in Media Sector:,Videndum anticipates full-year revenues of £280 million, impacted by slower-than-expected market recovery.,Restructuring Initiatives:,The company will merge its divisions into two streamlined units, focusi...
Bradda Head Lithium Receives Approval for Drilling at San Domingo's Dragon Target
December 16, 2024 07:19 PM AEDT| By Team Kalkine MediaHighlights,Bradda Head Lithium has received approval for a new drilling permit at the Dragon Target of the San Domingo Project, allowing up to 37 drill sites.,A new Notice of Intent (NOI) has been submitted for additional drilling at Ruby Soho and Mi...
Concurrent Technologies Secures $3.33Mn Order from US Defense Contractor
December 16, 2024 07:17 PM AEDT| By Team Kalkine MediaHighlights,Concurrent Technologies has received a $3.33 million purchase order for a VME standard product computer board from a US defense prime contractor.,The order is for delivery in the first half of 2025 and will support both new military platfo...
Saga and Ageas Forge Long-Term Partnership in Motor and Home Insurance
December 16, 2024 07:15 PM AEDT| By Team Kalkine MediaHighlights,Saga and Ageas have entered a 20-year Affinity Partnership, combining Saga’s customer base and marketing expertise with Ageas’s UK insurance operations.,Ageas will acquire Saga’s Insurance Underwriting business, Acromas Insurance Company L...
Ricardo Acquires Majority Stake in E3 Advisory for AU$101.4Mn
December 16, 2024 07:12 PM AEDT| By Team Kalkine MediaHighlights,Ricardo has entered into an agreement to acquire 85% of E3 Advisory for AUD $101.4 million (£51 million), with the deal subject to the disposal of Ricardo Defense.,The company plans to purchase the remaining 15% of E3 Advisory by January 2...
AI on the Rise: A Look at Top AI Companies and Their Stocks