AUS
NZ
UK
CA
USA
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GER
ESP
ITA
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Financial
Spotlight On 2 Banking Stocks: Virgin Money and Barclay Plc
May 22, 2021 02:46 AM AEST| 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 10:37 PM AEST| 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 14, 2021 01:33 AM AEST| 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 12, 2021 02:42 AM AEST| 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 12, 2021 01:12 AM AEST| 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.....
5 Investing Ideas from Investment Company Stocks for This Month
May 10, 2021 10:45 PM AEST| By Suhita PoddarSummary UK firms are now expected to borrow a net £19 billion this year for their businesses to survive Investment companies provide loans or equity backing to companies in needs. Such company stocks help one benefit from the off-market .....
Lloyds Bank in Advance Takeover Talks with Embark
May 10, 2021 08:35 PM AEST| By Suhita PoddarSummary The bank is in final talks to close the £400 million deal. It would be Lloyd’s largest acquisition since it got back to private ownership four years back. UK-based Lloyds Banking Group Plc (LON: LLOY) is in the advanced.....
What are the recent business developments announced by FTSE-listed Custodian REIT?
May 08, 2021 02:25 AM AEST| By Team Kalkine MediaSummary CREI had collected 91% of rent in FY21 despite the adverse impact of the Covid-19 pandemic. The Company will pay a fifth interim dividend of 0.5 pence per share on 30 June 2021. The total property value was valued at £551.9 milli.....
FTSE 250 listed Virgin Money UK returned to profit as benefitted by reduced impairment charges
May 06, 2021 02:07 AM AEST| By Team Kalkine MediaSummary VMUK had reported an underlying profit of £245 million during H1 FY21. The RoTE (“Return on Tangible Equity”) stood around 10.1% during H1 FY21. VMUK had maintained an underlying cost to income ratio of approximately .....
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NatWest falls 4%, Standard Chartered jumps 8%, Royal Dutch Shell initiates Q1 dividend
April 30, 2021 12:49 AM AEST| By AbhijeetSummary Shares of NatWest fell a little more than 4 per cent on Thursday. On the other hand, Standard Chartered jumped close to 8 per cent. It has been an eventful session for the London equities on Thursday, 29 April, with a bunch o.....
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Lloyds Banking shares hit 52-week high as the group revamps 2021 outlook
April 28, 2021 11:30 PM AEST| By AbhijeetSummary Lloyds Banking Group shares rose nearly 5 per cent to a fresh 52-week high. The bank realised a profit after tax of £1,397 million in the January-March quarter. The group has indicated to resume progressive and sustainable divide.....
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HSBC Shares Off to Flying Start as UK Pre-Tax Profits Cross $1 Billion In Q1 FY21
April 27, 2021 11:13 PM AEST| By AbhijeetSummary Shares of HSBC Holdings jumped nearly 3 per cent in the mid-morning deals HSBC shares emerged as the top gainers among the 101 constituents of FTSE 100 Pre-tax profits for HSBC UK Bank Plc jumped to over $1 billion in Q1 FY21 Shar.....
Focus on Banking Stocks as UK Launches 95 Per Cent Mortgage Scheme
April 21, 2021 06:04 PM AEST| By Suhita PoddarSummary Leading banks launched a new government-backed low-deposit mortgage scheme. The scheme has been made available by Lloyds, Santander, Barclays, HSBC, and NatWest. Chancellor Rishi Sunak said that with the news scheme, the UK housing mar.....
Why Citigroup Exited from Consumer Banking In 13 Markets
April 18, 2021 03:08 PM AEST| By Team Kalkine MediaSource: Morakot Kawinchan, Shutterstock Summary Citi's revenue from the consumer banking business in Asia was down by 15 per cent to $1.55 billion during the Q4 2020. Citigroup has already put its Australian consumer banking business on sale....
Finance Sector to Play Crucial Role in UK Recovery post-COVID, says TheCityUK report
April 15, 2021 08:00 PM AEST| By Suhita PoddarSource: kan_chana, Shutterstock Summary Industry body said that the finance sector could be an engine of UK recovery post-corona. It seeks higher government emphasis on digital trade in the post-Brexit free trade agreements. A new report...
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What significant factors led Plus500 to report record active customers during Q1FY21?
April 14, 2021 12:56 AM AEST| By Team Kalkine MediaSource: TheCorgi, Shutterstock Summary Plus500 Ltd had reported revenue growth of around 121% during Q1 FY21 as compared to Q4 FY20. PLUS had shown around 512% surge in EBITDA during Q1 FY21 as compared to the previous quarter. PLUS had a cas...
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Banking Stocks in Focus as Customers Complain About Online Scams
March 31, 2021 01:13 AM AEDT| By Suhita PoddarSource: kan_chana, Shutterstock Summary Leading bank customers have been warned about a phoney text message scam asking for personal details. The Chartered Trading Standards Institute has got evidence of fraud for cust...
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Santander closes over 100 UK branches; lens on 3 financial stocks
March 26, 2021 02:19 AM AEDT| By AbhijeetSource: Johnstocker Production, Shutterstock Summary Spanish banking behemoth Santander Group to shut more than 100 UK branches. The company would shift its head office to Milton Keynes. Spanish banking behemoth Santander Group has announ...
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Nationwide To Allow Flexible Work to Staff Post Lockdown
March 26, 2021 12:46 AM AEDT| By Suhita PoddarSource: Amnaj Khetsamtip, Shutterstock Summary Nationwide Building Society would be allowing 13,000 staff the option to choose where they wanted to work from. As part of its flexibility scheme, the company said employees can be in charge of th...
3 FTSE 100 Banking Stocks in Focus After NatWest Plans Business Overhaul
March 24, 2021 11:35 PM AEDT| By Suhita PoddarSource: Freedomz, Shutterstock Summary UK banking giant Natwest Group is planning to rebrand its retail business by focusing to better compete with fintech companies and boost its revenues. The bank plans introduce several new initiatives such...
AI on the Rise: A Look at Top AI Companies and Their Stocks