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Industrial
Fidelity Ups Stake Valuation in X Amid xAI Growth and Political Shifts
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Stake Value Increases by 32%:,Fidelity raised the valuation of its stake in X, marking the most significant monthly increase since Elon Musk acquired the platform.,AI Integration Boosts Momentum:,xAI’s expansion and its synergies with X h...
Stellantis Grapples with Leadership Crisis After CEO Carlos Tavares Steps Down
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Stellantis CEO Resignation Raises Concerns:,Carlos Tavares’ unexpected exit follows the departure of CFO Natalie Knight, intensifying management instability.,Market Confidence Impacted:,Analysts anticipate challenges in Stellantis’ turnar...
Supreme PLC Acquires Typhoo Tea in Strategic Diversification Move
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Supreme PLC acquires iconic UK brand Typhoo Tea:,The vape distributor completes a £10.2 million deal to bring the British tea brand out of administration.,Diversification strategy in focus:,The acquisition aligns with Supreme's goal to ex...
Stellantis NV CEO Carlos Tavares Resigns Amid Strategic Rift and Declining Performance
December 02, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights:,Carlos Tavares Resigns:,Stellantis CEO steps down following strategic disagreements with the board.,Declining Sales and Profit Warnings:,Stellantis reports a 27% sales drop and issues a profit warning amid inventory cuts.,Leadership Trans...
Inspired PLC Adjusts Earnings Forecast Amid Delays but Maintains Strong 2025 Outlook
December 02, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights:,Revised 2024 Earnings Guidance:,Inspired PLC now anticipates £23 million in adjusted EBITDA for 2024, down from £27.5 million due to project delays.,Optimisation Projects Shift to 2025:,Key projects delayed to next year are expected to co...
TI Fluid Systems Accepts £1 Billion Acquisition by ABC Technologies
November 29, 2024 09:13 PM AEDT| By Team Kalkine MediaHighlights:,All-Cash Deal at 54.5% Premium:,TI Fluid Systems accepts a £1 billion acquisition offer from ABC Technologies, offering 200p per share.,Strategic Alignment for Growth:,The deal aims to accelerate TI Fluid Systems' development by combining...
BYD Seeks Supplier Price Reductions to Tackle Industry Cost Pressures
November 29, 2024 07:49 PM AEDT| By Team Kalkine MediaHighlights:,Supplier Price Reduction Drive:,BYD has reportedly asked suppliers of key components like electric control units and sensors to lower prices.,Potential Expansion:,Reports suggest the demands may extend to other categories among BYD’s 8,00...
UK Government Considers Delaying Hybrid Car Ban Amid Industry Pressures
November 29, 2024 07:34 PM AEDT| By Team Kalkine MediaHighlights:,Hybrid Car Ban Under Review:,Ministers are reconsidering the 2030 hybrid sales ban due to industry challenges.,Flexibility in EV Targets:,Proposals include freezing current electric vehicle (EV) sales targets to support carmakers.,UK Car...
Severfield’s First Half 2025 Financials Show UK£0.014 Loss per Share, Compared to UK£0.027 Profit in 1H 2024
November 29, 2024 06:37 PM AEDT| By Team Kalkine MediaHighlights:,Severfield (LSE:SFR) reported a 17% increase in revenue for the first half of 2025, reaching £252.3 million.,The company faced a significant net loss of £4.25 million, reversing a profit of £8.36 million in the same period of 2024.,Despit...
Euro Area Inflation Released for Today
November 29, 2024 06:13 PM AEDT| By Team Kalkine MediaHighlights:,Euro area inflation for November is anticipated to come in at 2.2%, slightly lower than the previous estimate of 2.3%.,In Sweden, Q3 GDP figures are expected to show a more favorable outcome, potentially offsetting earlier negative indica...
Brickability Group’s Financial Performance for First Half of 2025 Made Public
November 29, 2024 06:11 PM AEDT| By Team Kalkine MediaHighlights:,Brickability Group’s revenue for the first half of 2025 increased by 1.9%, reaching £330.9 million.,The company’s net income declined by 62%, falling to £4.26 million, with profit margins dropping from 3.5% to 1.3%.,Despite a challenging...
Severfield PLC Moves Forward with Share Buyback on LSE
November 28, 2024 07:52 PM AEDT| By Team Kalkine MediaHighlights:,Severfield PLC repurchases 500,000 of its shares as part of an ongoing share buy-back program.,The repurchased shares will be cancelled, affecting the company’s total voting rights.,This move reflects Severfield’s continued strategy to op...
New Hires Strengthen Gateley Legal’s Leeds Office with Eight Additions
November 28, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights:,Gateley Legal expands its Leeds office with eight new legal appointments.,The firm continues to strengthen its residential development, commercial dispute resolution, and real estate teams.,The Leeds office has grown by 22% since 2022, re...
Diploma PLC Awards Shares to Senior Management
November 27, 2024 07:43 PM AEDT| By Team Kalkine MediaHighlights:,Diploma PLC grants long-term incentive awards to executive directors under the 2020 Performance Share Plan (PSP).,CEO JD Thomson receives 61,090 shares, while CFO C Davies is awarded 29,401 shares.,The awards are subject to performance co...
EasyJet Experiences Profit Surge from Holiday Demand and Lower Winter Losses
November 27, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights:,easyJet reports a 34% increase in pre-tax profit, driven by strong holiday demand.,The company increased its dividend payout to 12.1p per share, up from 4.5p.,easyJet plans a 3% rise in capacity for the upcoming fiscal year, with a focus...
Positive Trends in Capital Returns Observed at International Consolidated Airlines Group (LSE:IAG)
November 27, 2024 06:07 PM AEDT| By Team Kalkine MediaHighlights:,International Consolidated Airlines Group (IAG) has achieved a Return on Capital Employed (ROCE) of 18%, significantly outperforming the airline industry average of 9.9%.,The company’s ROCE has increased by 28% over the past five years, i...
Some Investors Express Concerns About Hays (LSE:HAS) Returns on Capital
November 27, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights:,Hays has experienced a significant decline in return on capital employed (ROCE), dropping from 35% to 8.7% over the last five years.,The company maintains a high current liabilities to total assets ratio of 57%, indicating potential finan...
Journeo (LSE:JNEO) Exhibits Significant 322% Return Across Five-Year Span
November 27, 2024 05:36 PM AEDT| By Team Kalkine MediaHighlights:,Journeo plc has experienced substantial share price growth, increasing by 322% over the last five years.,The company moved from a loss to profitability, with earnings per share (EPS) rising significantly in the past three years.,Despite s...
Stock Price Raised Following Share Repurchase by Melrose
November 26, 2024 09:45 PM AEDT| By Team Kalkine MediaHighlights:,Melrose Industries sees a 7.9% increase in share price following a share buyback on November 25.,The company repurchased 38,000 shares through J.P. Morgan Securities at prices ranging from 521.8p to 533p.,The repurchased shares will be he...
Shares in Braemar Reduced by COO, 304k Shares Maintained
November 26, 2024 07:59 PM AEDT| By Team Kalkine MediaHighlights:,Braemar Plc's Group Chief Operating Officer, Tristram Simmonds, has reduced his shareholding in the company through multiple transactions.,The transactions, occurring both off-exchange and on the London Stock Exchange, were fully disclose...
AI on the Rise: A Look at Top AI Companies and Their Stocks