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Vistry Reports 7% H1 Profit Rise and £130M Share Buyback
September 05, 2024 07:07 PM AEST| By Team Kalkine MediaHousebuilder Vistry Group,(LSE:VTY),revealed plans for an additional £130 million share repurchase on Thursday, following a notable increase in its first-half pre-tax profit. For the six months ending June 30, Vistry's adjusted pre-tax profit rose to...
Coats Finalizes Pension Scheme De-Risking
September 05, 2024 02:24 AM AEST| By Team Kalkine MediaCoats Group,(LSE:COA),announced on Wednesday that it has successfully mitigated the risk associated with its UK defined benefit pension scheme by acquiring a bulk annuity policy valued at £1.3 billion. This strategic move marks the final and most sub...
UK Stocks Could Surge if Interest Rate Cuts Persist
September 04, 2024 09:53 PM AEST| By Team Kalkine MediaUK stocks have faced challenges due to higher interest rates and ongoing inflation, though the latter has eased compared to previous highs. Geopolitical issues have also played a role in dampening global stock markets. Recently, the Bank of England (...
Cloiche Wind Farm, operated by SSE, secures CfD allocation
September 03, 2024 06:10 PM AEST| By Team Kalkine MediaOn Tuesday, SSE,(LSE:SSE),announced that its Cloiche Wind Farm has secured a contract through the UK’s sixth Contracts for Difference (CfD) allocation round. The FTSE 100 energy company highlighted that the project, set to generate 130.5 MW of low-ca...
Vertu Motors’ H1 Profits Weighed Down by Weak New Car Market
September 02, 2024 10:37 PM AEST| By Team Kalkine MediaOn Monday, Vertu Motors,(LSE:VTU),saw a decline in its share price following the release of a trading update that highlighted a challenging environment for new car sales, although the company reported resilience in the used vehicle market. The update...
Is the Tesco share price worth watching?
September 02, 2024 10:37 PM AEST| By Team Kalkine MediaTesco,(LSE: TSCO,), a quintessential British supermarket, is a staple in the UK grocery landscape, but is it still a strong contender for those seeking opportunities in the market, or has it reached its peak?,A Retail Powerhouse,Tesco’s dominance in...
Sainsbury’s Homebase Deal Gets Positive Response
August 31, 2024 02:15 AM AEST| By Team Kalkine MediaJ Sainsbury PLC,(LSE:SBRY),has recently captured attention with its acquisition of 10 former Homebase stores, a strategic move expected to positively impact both the company’s financial performance and employment landscape. The acquisition is poised...
Why National Grid Could Be the Best in the FTSE 100?
August 30, 2024 12:22 AM AEST| By Team Kalkine MediaThis summer, National Grid's share price took a significant dip, which has notably impacted investor confidence.,The company upended long-standing assumptions about its performance. Previously, it was anticipated that National Grid would maintain a s...
RBC Capital Raises Bunzl to ‘Sector Perform
August 30, 2024 12:19 AM AEST| By Team Kalkine MediaOn Thursday, RBC Capital Markets upgraded Bunzl’s rating to ‘sector perform’ from ‘underperform’ and revised the price target upwards to 3,350p from 2,700p. This change comes in response to easing revenue headwinds and a more favorable outlook for th...
Drax Pays £25M Penalty for Misreporting Biomass Burner Sustainability Data
August 29, 2024 10:08 PM AEST| By Team Kalkine MediaDrax Group,(LSE:DRX),will pay a £25 million penalty to the energy regulator's redress fund following an investigation that uncovered inaccuracies in the company’s reporting of the types of wood used in its biomass burners. This investigation focused...
Hunting Reports Strong Half-Year Results and Optimistic Outlook
August 29, 2024 08:20 PM AEST| By Team Kalkine MediaHunting PLC (LSE:HTG), a global precision engineering group, has released its unaudited half-year results for the period ending June 30, 2024, showcasing robust performance across key metrics:,Order Book Growth:,The company’s order book surged by 32%...
Somero Enterprises' Revenue drops 8% in 1HFY24, Improvement Expected in Upcoming Half
August 29, 2024 08:16 PM AEST| By Team Kalkine MediaSomero Enterprises Inc. (LSE:SOM) has reported mixed results for the first half of 2024, reflecting both challenges and strategic responses across its global operations. Despite encountering various headwinds, the company remains optimistic about its...
Ofgem Ends Probe into Drax Data Reporting
August 29, 2024 07:04 PM AEST| By Team Kalkine MediaOfgem has concluded its investigation into the biomass profiling data of Drax,(LSE:DRX),, focusing on whether the power station group met the sustainability criteria for Renewable Obligation Certificates (ROCs). The probe identified "process gaps" in...
PPHE Profits Rise Despite Art’otel Delays
August 29, 2024 07:03 PM AEST| By Team Kalkine MediaHotels group PPHE,(LSE:PPH),reported a notable increase in half-yearly profits and maintained its guidance despite facing supply chain challenges that delayed the full opening of new art’hotel properties in London and Rome.,For the six months ending...
Greencore Extends Buyback by £10M
August 29, 2024 06:26 PM AEST| By Team Kalkine MediaUK convenience food supplier Greencore Group,(LSE:GNC),has announced an extension to its share repurchase program, increasing the total allocation to £40 million. This extension adds £10 million to the existing program, following the initial announce...
Pernod Ricard Forecasts Growth This Year but Expects 'Soft' Q1
August 29, 2024 05:58 PM AEST| By Team Kalkine MediaPernod Ricard,(LSE:0HAT),anticipates a return to organic growth in the upcoming financial year, following a slight decline in sales for the year ending 30 June. The French distiller, known for brands such as Absolut Vodka, Beefeater, Havana Club, and...
Foot Locker Sees First Comparable Sales Growth in Six Quarters
August 28, 2024 10:50 PM AEST| By Team Kalkine MediaFoot Locker,(LSE:0IQK),achieved its first comparable sales growth in six quarters, marking a significant milestone in its turnaround efforts, as reported on Wednesday.,The footwear retailer experienced a 2.6% rise in same-store sales during its secon...
Focusrite Lowers EBITDA Outlook Due to Rising Shipping and Freight Costs
August 28, 2024 08:05 PM AEST| By Team Kalkine MediaFocusrite,(LSE:TUNE),, an audio products company, issued a warning on Wednesday, indicating that its full-year underlying earnings are expected to decline significantly due to rising global shipping and freight costs. Despite resilient demand through...
Wood Group to Generate $165 Million from Sale of Non-Core Businesses
August 28, 2024 04:27 PM AEST| By Team Kalkine MediaWood Group (LSE:WG), a global leader in engineering and consulting services, has announced further progress in its ongoing disposal program of non-core assets. The company has signed agreements to sell its stake in two businesses—Ethos Energy Group L...
Hyundai Motor Sets Ambitious Targets for Sales and Shareholder Returns
August 28, 2024 02:59 PM AEST| By Team Kalkine MediaHyundai Motor,(LSE:HYUD),unveiled its ambitious strategy to boost annual global sales by 30% to 5.55 million vehicles by 2030 during an investor day presentation on Wednesday. This plan focuses significantly on expanding its hybrid vehicle lineup in...
AI on the Rise: A Look at Top AI Companies and Their Stocks