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Market updates
IMF Upgrades UK Economic Growth Forecast for 2024
October 23, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,The IMF raises UK 2024 growth forecast to 1.1%, placing the UK third among G7 nations.,UK growth will surpass Japan, Italy, and Germany, with global growth expected at 3.2%.,IMF praises global economic resilience during the disinflationar...
Growth Commission Warns UK Budget Plans Could Create £80 Billion Economic Shortfall
October 23, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Think-tank warns UK Budget proposals could create an £80 billion economic shortfall.,GDP per capita could drop by 8.8% by 2030-31 due to proposed tax-raising measures.,The Commission suggests scrapping inheritance tax and reducing corpora...
Water Companies Likely to Increase Bills More Than Expected, Says Ofwat
October 22, 2024 07:53 PM AEDT| By Team Kalkine MediaWater companies in England and Wales may be allowed to raise bills by more than previously anticipated over the next five years, according to reports. Regulator Ofwat had originally suggested a 21% increase in water bills through to 2030 but is now r...
Sosandar Lowers Full-Year Revenue Forecast After First-Half Sales Decline
October 22, 2024 07:53 PM AEDT| By Team Kalkine MediaHighlights:,Sosandar (AIM) lowers full-year revenue guidance to £40 million after first-half sales dropped to £16.2 million.,Gross margin improved to 62.2%, and pre-tax losses narrowed to £0.70 million.,Strong trading in newly opened stores, with inc...
UK Government Sees Tax Revenue Increase Amid Inheritance Tax Speculation
October 22, 2024 06:53 PM AEDT| By Team Kalkine MediaHighlights:,UK government tax receipts rose by £11.1 billion year-on-year to £406.3 billion between April and September.,Inheritance tax receipts increased by £400 million to £4.3 billion, amid speculation of changes in the upcoming Budget.,Governmen...
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UK Government Borrowing Reaches Third-Highest September Level Ahead of Autumn Budget
October 22, 2024 06:45 PM AEDT| By Team Kalkine MediaHighlights:,September borrowing reached £16.6 billion,, exceeding forecasts and marking the third-highest level for the month since 1993.,Government receipts increased by £3.3 billion,, but were outpaced by a £5.5 billion rise in spending, driven by...
Dow Jones and New York Post Sue AI Startup Perplexity Over Copyright Infringement
October 22, 2024 06:45 PM AEDT| By Team Kalkine MediaHighlights:,News Corp (NASDAQ:NWSA,) sues Perplexity AI,, accusing the startup of copyright infringement by using content from The Wall Street Journal and other publications without permission.,Perplexity AI is accused of substituting original conten...
NS&I Announces Premium Bond Rate Cut and Lowered Interest Rates on Savings Products
October 22, 2024 06:45 PM AEDT| By Team Kalkine MediaHighlights:,NS&I reduces Premium Bond prize rate to 4.15% with odds of winning worsening to 22,000:1.,Direct Saver and Income Bonds interest rates will be lowered on 20 November 2024.,New British Savings Bonds launched with reduced rates of 4.10% gro...
Unilever Faces Potential Sales Shortfall Amid Pricing Pressures and US Slowdown
October 18, 2024 12:39 AM AEDT| By Team Kalkine MediaHighlights:,Lower Sales Growth:,Jefferies forecasts Unilever's third-quarter organic sales growth at 3.3%, below market consensus.,Pricing Impact:,Limited pricing power and competitive pressures could negatively affect overall sales.,US Spending Slow...
Nexxen International Announces Plans for New $50M Share Repurchase Programme
October 18, 2024 12:39 AM AEDT| By Team Kalkine MediaHighlights:,New Repurchase Programme:,Nexxen International seeks authorisation for a $50M share repurchase programme, replacing the current one expiring in November.,Regulatory Compliance:,The firm must complete a creditor objection period and gain l...
Philadelphia Fed Manufacturing Index Surges in October, Signals Positive Outlook
October 18, 2024 12:39 AM AEDT| By Team Kalkine MediaHighlights:,Surge in Manufacturing Activity:,The Philadelphia Fed's manufacturing index jumped to 10.3 in October, significantly surpassing expectations.,New Orders and Shipments Rebound:,New orders and shipments returned to positive territory, indic...
UK Government to Regulate Buy-Now-Pay-Later Services with New FCA Oversight
October 18, 2024 12:26 AM AEDT| By Team Kalkine MediaHighlights:,Regulatory Oversight,: UK BNPL firms will come under FCA regulation, with new rules requiring creditworthiness checks.,Consumer Protections,: Disputes with BNPL providers will be escalated to the Financial Ombudsman Service.,Industry Conc...
Retail Sales and Major Global Updates to Dominate Headlines on Friday
October 18, 2024 12:26 AM AEDT| By Team Kalkine MediaHighlights:,UK Retail Sales Focus,: Retail sales data will be a key highlight in London, offering insights into consumer spending trends.,Global Earnings,: Major companies like,Volvo,,,American Express,,,Procter & Gamble,, and,Schlumberger,are set to...
Ofcom Tightens Online Safety Regulations with Enforcement Set for 2025
October 18, 2024 12:26 AM AEDT| By Team Kalkine MediaHighlights:,Stricter Regulations,: Ofcom will enforce tighter online safety measures by 2025, holding platforms accountable for harmful and illegal content.,Fines for Non-compliance,: Social media companies face fines of up to 10% of global turnover...
Labour May Revive Scrapped Segment of HS2: Potential Plans to Save Phase 2a
October 18, 2024 12:26 AM AEDT| By Team Kalkine MediaHighlights:,HS2 Revival,: Labour is reportedly considering reviving the scrapped Phase 2a section, which would connect Birmingham to Crewe.,Phase 2b Unlikely,: While Phase 2b, connecting Crewe to Manchester, is not expected to be assessed, Labour pla...
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Graduate Job Competition Reaches Record High Amid Changing Recruitment Dynamics
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Record Competition,: The 2023/24 survey reveals a 59% increase in applications per graduate job, with an average of 140 applications per position.,AI in Hiring,: Artificial intelligence is playing a larger role in the recruitment process,...
Lloyds and Barclays Follow NatWest in Raising Mortgage Rates Despite Anticipated BoE Cuts
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds, Barclays, NatWest Hike Rates,: Three major UK lenders raise mortgage rates despite expectations of future BoE rate cuts.,Halifax and Barclays Rate Increases,: Halifax and Barclays raise rates on fixed mortgages and remortgage prod...
Deutsche Bank Lowers Stellantis NV Target Price Amid Weak Q3 Forecast
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights,Deutsche Bank Lowers Target Price,: Deutsche Bank has cut Stellantis' target price from €23 to €14 amid a weak third-quarter forecast.,Significant Decline in Sales,: Third-quarter sales are expected to drop 34%, driven by reduced volumes a...
High Insider Ownership and Strong Growth Prospects: Key UK Stocks to Watch
October 16, 2024 03:23 AM AEDT| By Team Kalkine MediaHighlights:,Gulf Keystone Petroleum (LSE:GKP):,Strong projected earnings growth of 81.3% annually, with a 42.6% annual revenue increase forecast.,TBC Bank Group (LSE:TBCG):,Earnings forecast to grow by 15.3% annually, with strong revenue growth expec...
FTSE 100 Rises as UK Prime Minister Courts Business Investment Amid Tax Raid Fears for Gambling Sector
October 16, 2024 03:23 AM AEDT| By Team Kalkine MediaHighlights:,Investment Summit:,UK Prime Minister Keir Starmer promotes business investment at a London summit, promising to remove bureaucratic barriers.,Gambling Stocks Hit:,Shares in major gambling firms, including Entain and Flutter, plunged on co...
AI on the Rise: A Look at Top AI Companies and Their Stocks