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Market updates
ECB’s 2% Inflation Target Surpassed as Eurozone Inflation Falls, Rate Cuts Expected
October 01, 2024 08:57 PM AEST| By Team Kalkine MediaHighlights:,Eurozone inflation dropped to 1.8% in September, below the ECB's 2% target for the first time since 2021.,Falling energy costs drove the decline, while services inflation remained high at 4%.,The ECB faces a tough decision on potential ra...
Financial Profits Secured by Caledonia Mining with Exit from Zimbabwe Solar Operations
October 01, 2024 05:45 PM AEST| By Team Kalkine MediaHighlights,Caledonia Mining Corporation PLC sells its solar plant in Zimbabwe for $22.35 million (£16.72 million).,CrossBoundary Energy Holdings will acquire the 12.2 megawatt solar facility, ensuring continued power supply to Caledonia’s Blanket Min...
London Stocks Set to Rebound After Losses, Investors Eye UK Manufacturing Data
October 01, 2024 05:26 PM AEST| By Team Kalkine MediaHighlights:,FTSE 100 expected to rebound as investors focus on UK manufacturing data and Fed remarks.,Mulberry rejected an £83 million takeover bid from Frasers Group, citing its long-term potential.,Rio Tinto partnered with Green Lithium to develop...
September Inflation in Germany Dips to 1.8%, Heightening Rate Cut Hopes
October 01, 2024 07:06 AM AEST| By Team Kalkine MediaHighlights:,German inflation dropped to 1.8% in September, driven by lower energy prices and goods costs.,Italy’s inflation fell to 0.8%, with Spain and France also recording declines below 2%.,Eurozone inflation data is expected to show a slowdown t...
European Stocks Drop as Auto Sector Slumps and Geopolitical Tensions Rise
October 01, 2024 07:06 AM AEST| By Team Kalkine MediaHighlights:,European stocks dropped 1.0%, with autos dragging markets down as geopolitical tensions rose.,Stellantis and Aston Martin both issued profit warnings, leading to sharp declines in their stock prices.,Rightmove shares fell 8% after REA Gro...
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Nearly 300 Estate Agents Collapse Amidst Housing Market Struggles
October 01, 2024 07:03 AM AEST| By Team Kalkine MediaHighlights:,Nearly 300 estate agents went bust over the past year, reflecting a 32% rise in insolvencies.,House sales dropped by 12% in the year to June, reaching a decade-low of 861,210.,Recent data shows house prices increasing by 0.7% from August...
Applied Nutrition Announces Plans for London Stock Exchange Floatation
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Applied Nutrition plans to float on the London Stock Exchange with a retail and institutional offering.,The company reported £86.2 million in revenue for the year ending July 2024, with core earnings rising to £26 million.,The flotation a...
Chicago Business Barometer Rises in September but Stays Below Growth Level
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,The Chicago Business Barometer PMI rose to 46.6 in September, up from 46.1 in August.,Key improvements were seen in order backlogs and employment, according to ISM.,The index remains below the 50-point threshold, signaling continued contr...
Broker Insights on Adriatic Metals, LSEG, Emmerson and Quadrise
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Adriatic Metals (LSE:ADT1; ASX:ADT) reassures brokers on the potential of its Vares mine despite a difficult year.,Jefferies maintains a positive outlook on London Stock Exchange Group (LSE:LSEG), citing growth potential through market di...
UK Economic Data Presents Mixed Signals Heading into Q4
September 30, 2024 04:57 PM AEST| By Team Kalkine MediaHighlights:,Mixed Economic Signals:,Q2 GDP growth in the UK revised down to 0.5%, while stronger business investment and capex were reported.,Rising House Prices:,September saw house prices rise by 0.7% monthly and 3.2% yearly, indicating the impact...
London Stocks Anticipated to Decline Amid Economic Data Release
September 30, 2024 04:42 PM AEST| By Team Kalkine MediaHighlights:,London Stocks Set for Decline:,The FTSE 100 is expected to open lower as investors analyze revised UK GDP growth of 0.5% for Q2.,Housing Market Shows Resilience:,Nationwide reports house prices rose by 3.2% annually in September, marking...
European Markets Trade Lower Ahead of Economic Data
September 30, 2024 04:25 PM AEST| By Team Kalkine MediaHighlights:,European Stock Markets Edge Lower:,Major European indices, including Germany’s DAX and France’s CAC 40, recorded minor premarket declines.,Focus on Economic Data:,Investors await Germany and Italy's preliminary consumer price reports, alo...
Osun State seeks N60bn from Thor, Segilola in ownership dispute
September 30, 2024 03:54 PM AEST| By Team Kalkine MediaHighlights:,N60bn Dispute:,Osun State is demanding over N60 billion from Thor Explorations UK and its subsidiary Segilola Resources for uncompensated loss of its stake in Tropical Mines Limited.,Tax Compliance Issues:,The state raised concerns over S...
Abrdn Property Income Trust to Divest Majority of Portfolio to GoldenTree Asset Management
September 28, 2024 01:55 AM AEST| By Team Kalkine MediaHighlights:,Major Portfolio Sale:,Abrdn Property Income Trust is set to divest most of its properties to GoldenTree Asset Management in a £351 million deal.,Strategic Shift:,The sale follows shareholder rejection of a takeover and a subsequent decisi...
Ceres Power Reports Strong H1 Revenue Growth and Reduced Cash Outflows
September 28, 2024 01:34 AM AEST| By Team Kalkine MediaHighlights:,Revenue and Profit Growth:,Ceres reported a 144% increase in revenue and a 217% rise in gross profits for H1 2024.,Order Intake Surge:,Record order intake of £46.9 million in H1 boosted total intake to £103.3 million by 31 August.,Reduced...
Arrow Exploration Highlights Growth Prospects, Diageo Rises Despite Caution
September 28, 2024 01:22 AM AEST| By Team Kalkine MediaHighlights:,Arrow Exploration Outlook:,CEO Marshall Abbott highlighted Colombia’s potential for agile operators and Arrow’s growth strategy focusing on horizontal drilling and increasing production.,Diageo’s Resilience:,Diageo posted gains on the LSE...
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UK’s Last Coal Power Station Set to Close as Mining Sector Shows Activity
September 28, 2024 01:05 AM AEST| By Team Kalkine MediaHighlights:,UK’s Final Coal Plant Closure:,Ratcliffe-on-Soar to shut down on September 30, ending 142 years of coal-generated electricity in the UK.,Greatland Gold Acquisition Progress:,Greatland Gold makes headway on conditions for a US$475 million...
FTSE 100 Heads for Weekly Gain as Chinese Stimulus Boosts Sentiment
September 28, 2024 01:01 AM AEST| By Team Kalkine MediaHighlights:,FTSE 100 Weekly Gain:,The index is set for a 1.2% weekly increase, supported by positive sentiment from China.,Top Gainers:,Croda International and Prudential led Friday’s risers, benefiting from improved market outlook in Asia.,Major Fal...
Prudential Partners with Bank Syariah Indonesia in Southeast Asia.
September 27, 2024 06:16 PM AEST| By Team Kalkine MediaHighlights:,Prudential partners with Bank Syariah Indonesia,: Exclusive Sharia life insurance provider starting in early 2025.,Taps into a significant Islamic financial market,: Partnership targets 84% of Indonesia’s 280 million population.,Strengthe...
UK Mortgage Rates Decline as Lenders Intensify Competition
September 27, 2024 06:16 PM AEST| By Team Kalkine MediaHighlights:,UK mortgage rates decline daily this week,: Average five-year fixed rate now at 5.40%, down from 6.5% in September 2023.,Barclays and Nationwide adjust rates,: Barclays offers 3.71% for select borrowers; Nationwide lowers five-year rates...
AI on the Rise: A Look at Top AI Companies and Their Stocks