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Haleon Achieves Robust Organic Revenue Growth in Q3 2024 Amid Strategic Divestments and Increased Stake in China JV
November 01, 2024 05:01 AM AEDT| By Team Kalkine MediaHighlights,Q3 organic revenue growth reached 6.1%, driven by balanced gains in pricing and volume/mix.,Strong Q3 operating profit growth of 7.4% organically, with a 23% adjusted operating profit margin.,£1 billion returned to shareholders through div...
AIM Index Gains as Budget Retains Inheritance Tax Relief
October 30, 2024 08:25 PM AEDT| By Team Kalkine MediaHighlights:,AIM Index Rises 4%:,Relief over inheritance tax exemption retention drives gains in the junior market.,Tax Relief Reduced but Maintained:,The relief rate was halved to 20%, a more favorable outcome than,anticipated,.,Impact on Fundraising...
Record Inflows at Hargreaves Lansdown Sparked by Pre-Budget Tax Demand
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Hargreaves Lansdown (LSE:HL) sees strong demand for SIPPs and ISAs due to Budget concerns.,Client growth doubled year-over-year, increasing trading volumes and total revenue by 7%.,The platform remains active amidst pending private equity...
What to Expect in Labour’s Autumn Budget and Who Might Feel the Pinch
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Labour is focusing on high-net-worth wealth taxes to bridge the fiscal deficit.,Major tax reforms are anticipated, affecting inheritance, capital gains, and non-dom tax rules.,Banks, energy giants, and private equity may face increased le...
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Shop Prices Fall, Adding Pressure on Bank of England Before Key Decision
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Retail prices have declined for a third consecutive month, marking the fastest fall in over three years.,Non-food items are leading deflation, with a 2.1% drop for two months running, while food inflation continues but at a reduced rate.,...
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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...
Tether Denies Allegations of Criminal Investigation Amid Reports of Sanctions Violations
October 28, 2024 09:21 PM AEDT| By Team Kalkine MediaHighlights:,Tether disputes claims of a US criminal investigation into sanctions and anti-money-laundering violations.,Allegations connect the stablecoin to illicit activities by terrorist groups and criminal organizations.,Tether emphasizes its comm...
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...
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...
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...
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...
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...
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...
Bank of England Governor Opposes Forced Pension Investment in UK Assets
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Bank of England’s Andrew Bailey warns against mandating pension funds to invest in UK assets.,Consolidation of smaller pension schemes is being considered as an alternative to boost UK investment.,Pension industry and IMF caution that com...
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...
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...
