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Market updates
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UK Minimum Wage to Rise 6%, Raising Cost and Inflation Concerns
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Labour’s anticipated Autumn Statement is expected to raise the minimum wage by 6% to £12.13 per hour.,Hospitality and retail sectors face potential cost burdens due to their reliance on minimum-wage workers.,Berenberg analysts suggest cos...
How can I request for a stock transfer certificate?
October 29, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,LSE no longer issues physical stock certificates,, relying on digital records for shareholding.,Stockbrokers manage stock transfer requests,, providing all necessary paperwork and regulatory compliance.,Digital systems offer secure and ef...
UK Housing Market Reaches New Highs, Driven by Income Growth and Mortgage Rate Drops
October 29, 2024 01:21 AM AEDT| By Team Kalkine MediaHighlights:,UK housing market sees a surge, with 306,000 homes worth £113 billion under sale.,Zoopla forecasts a 2% house price increase for 2024 amid strong sales activity.,Speculation on ending stamp duty exemptions could hinder first-time buyers,...
AIM Market Falls Below 700 Companies Amid Tax Relief Uncertainty
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,London's AIM market sees a drop in companies below 700 for the first time since 2001.,Speculation over the removal of inheritance tax relief adds pressure to AIM-listed firms.,Potential loss of tax relief could lead to a significant decli...
Volkswagen Faces Major Job Cuts and Factory Closures Amid Cost-Cutting Efforts
October 28, 2024 09:21 PM AEDT| By Team Kalkine MediaHighlights:,Volkswagen plans significant job cuts, pay reductions, and factory closures in Germany to reduce costs.,The company's union leader revealed that at least three plants could shut down, with pay cuts and freezes expected.,Struggles with wea...
Keir Starmer Signals Tough Choices Ahead in Pre-Budget Speech
October 28, 2024 09:21 PM AEDT| By Team Kalkine MediaHighlights:,Prime Minister Keir Starmer warns of "tough decisions" ahead in the upcoming Budget.,A £3 bus fare cap will be introduced from next week, replacing the current £2 cap.,Starmer pledges to prioritize working people, aiming for economic stab...
Ofwat’s New Consultation on UK Water Companies: Regulatory Changes and Sector Implications
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Ofwat’s draft consultation on water regulation largely mirrors existing measures in place.,UBS sees limited economic profit potential for companies due to challenging regulatory requirements.,Pennon remains UBS's top sector pick, trading...
LSEG's Third-Quarter Results Surpass Expectations, Driven by Strong Capital Markets Growth
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,London Stock Exchange Group (LSE) posted total income of £2.12 billion, beating market expectations by 0.8%.,Capital markets division surged 22.4% year-on-year, led by fixed income and derivatives trading, which accounted for the largest...
Bloomsbury Expects Full-Year Performance to Exceed Forecasts After Strong H1 Growth
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaKey Highlights:,Bloomsbury expects full-year results to surpass forecasts following strong first-half growth.,Revenue rose 32% and profit surged 50%, driven by popular titles and acquisitions.,The 2030 Vision strategy and recent acquisition are fueli...
UK to Ban Single-Use Vapes by July 2025
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,UK to ban the sale of single-use vapes by July 2025 due to environmental concerns.,The move aims to curb the appeal of vaping among young people.,Supreme plc, a major distributor, is aligning products to comply with the upcoming ban.,The...
Earnings and Market Shifts Drive Investor Sentiment: Highlights from Amazon, Tesla, Unilever & More
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Amazon’s Q3 earnings are anticipated with a focus on Amazon Web Services performance, though retail margin concerns remain.,Tesla’s stock surged by 16% as it reported better-than-expected earnings and improved profitability.,Unilever’s sh...
Tesla Adds $80 Billion in Market Value After Exceeding Profit Expectations
October 24, 2024 12:35 PM AEDT| By Team Kalkine MediaHighlights,Tesla added $80 billion to its market value after Q3 results.,Company reported growth in profit but slight revenue miss.,Tesla continues investing in autonomous tech and affordable models.,Tesla Inc (NASDAQ:TSLA) saw a significant increase...
Government Launches Major Independent Review of Water Industry, Rules Out Nationalisation
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,Government launches independent review of the water industry, chaired by Jon Cunliffe, aiming to reform the sector.,Nationalisation is ruled out due to a projected cost of £100 billion, with private sector investment seen as crucial.,Wate...
UK Budget Expected to Bring £35 Billion in Tax Hikes and Boost Economic Growth
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,The Budget is expected to raise £35 billion in taxes from 2025 to 2030 and support £57 billion in public spending.,Government borrowing is projected to increase by £22 billion, lifting the figure by 0.7% of GDP.,The Budget could boost GDP...
Retail Sector Urges Rachel Reeves to Address Business Rates and Online Retail Taxes
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,Retailers urge the Chancellor to cut business rates or impose taxes on e-commerce giants like Amazon.,Reeves is exploring higher taxes on large online retailers to balance the tax burden between high street and online businesses.,Amazon p...
UK Government to Scrap Rail Incentive Scheme for Private Operators
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,The DfT will scrap the revenue outturn mechanism for private rail operators due to its ineffectiveness.,The scheme aimed to increase revenue and passenger numbers but delivered minimal financial benefits to operators.,The move aligns with...
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...
AI on the Rise: A Look at Top AI Companies and Their Stocks