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Ovo Energy Appoints Monzo CFO James Davies Amid Strategic Review and Potential Sale
October 17, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,New CFO Appointment:,Ovo Energy appoints Monzo CFO James Davies as part of its leadership overhaul.,Strategic Review:,Ovo is exploring future options, including a potential sale, following a strategic review that began in the summer.,Lead...
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...
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...
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UK Inflation Dip Reduces Benefit Increase for Families Ahead of Budget
October 17, 2024 02:11 AM AEDT| By Team Kalkine MediaHighlights:,Lower Benefit Increase,: A 1.7% increase in benefits due to lower inflation will result in a modest £253 rise for families receiving Universal Credit in 2024.,Inflation Rebound,: October inflation is expected to rise, meaning families cou...
UK Inflation Hits Three-Year Low, Raising Prospects of Bank of England Rate Cuts
October 17, 2024 02:11 AM AEDT| By Team Kalkine MediaHighlights:,Inflation Drop,: UK inflation falls to a three-year low, with CPI at 1.7%, boosting expectations for BoE rate cuts.,Rate Cut Forecasts,: Economists anticipate consecutive 25 basis point cuts in November and December due to softer inflatio...
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...
FTSE 100 Edges Higher Amid Starmer's Investment Push and UK Gambling Tax Fears
October 16, 2024 03:23 AM AEDT| By Team Kalkine MediaHighlights:,Gambling Sector Hit:,Major UK gambling firms, including Entain and Flutter, saw their shares plunge on reports of a potential tax raid in the upcoming budget.,Starmer’s Investment Push:,Prime Minister Keir Starmer outlined his vision to a...
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London Markets Waver as Investors Eye Inflation Data and UK Budget
October 16, 2024 03:23 AM AEDT| By Team Kalkine MediaHighlights:,UK Budget Focus:,Prime Minister Keir Starmer and Chancellor Rachel Reeves emphasize improving living standards, the NHS, and infrastructure in the upcoming budget.,Gambling Sector Hit:,Major UK gambling firms suffer sharp losses amid repo...
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...
Navantia in Talks to Acquire Insolvent Harland & Wolff Shipyard
October 16, 2024 03:23 AM AEDT| By Team Kalkine MediaHighlights:,Acquisition Talks:,Navantia is in exclusive discussions to acquire Harland & Wolff amid its financial troubles and insolvency.,Job Security:,The potential deal could safeguard up to 1,000 jobs and sustain the company's existing contracts....
UK IPO Market Faces Slowdown in 2024, Revival Expected in 2025
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Market Slowdown:,The UK IPO market has seen limited activity in 2024, with just 10 listings and a 47% decline in funds raised compared to 2023.,Selective Market:,Peel Hunt's IPO Speedometer showed a decline in market activity, indicating...
Heathrow Sets New Passenger Records, Closing Out a Strong Summer Season
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Record Passenger Numbers:,Heathrow saw 7.3 million passengers in September, surpassing its previous year's figures and continuing a summer of record-breaking activity.,Peak Travel Day:,On 2 September, Heathrow set a new daily record with...
Inflation and Unemployment Data to Dominate Economic Headlines Next Week
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,UK Inflation Forecasted to Decline,: Analysts expect UK inflation to fall to 1.8% for September, potentially signaling the trough in price increases.,Rising Unemployment,: UK unemployment is projected to tick up to 4.6% in August, adding...
Sanofi in Talks with Clayton, Dubilier & Rice Over Potential Opella Sale
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Sanofi in Talks with CD&R,: Sanofi is discussing the sale of a 50% stake in its consumer healthcare arm, Opella, with Clayton, Dubilier & Rice.,Focus on Core Business,: Divesting Opella aligns with Sanofi’s plan to concentrate on innovati...
German Inflation Slows to 1.6% in September, Driven by Falling Energy Prices
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Inflation Rate Decline,: Germany's inflation rate fell to 1.6% in September, down from 1.9% in August, mainly due to lower energy prices.,Core Inflation Reduction,: Core inflation eased to 2.7%, the lowest since January 2022, as service c...
European Markets Dip as Investors Analyze UK Growth and Await China Stimulus
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Stoxx 600 Declines,: The pan-European index fell by 0.24% in early trading, reflecting broader market caution.,UK Economic Growth,: The UK economy grew by 0.2% in August, recovering from stagnation in prior months.,China Stimulus Anticipa...
BP Warns of Profit Decline Amid Lower Refining Margins and Weak Oil Trading
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Profit Impact,: BP expects a $400-600 million hit to its operating profit due to lower refining margins.,Production Outlook,: Upstream production is forecasted to remain stable despite market challenges.,Debt and Delays,: Net debt is expe...
What are London Stock Exchange trading hours?
October 10, 2024 07:57 PM AEDT| By Team Kalkine MediaHighlights:,London Stock Exchange trading hours run from 8:00 a.m. to 4:30 p.m. GMT,, providing a full day of trading for global investors.,The market includes opening and closing auctions,, which determine stock prices at the start and end of the tr...
What is Stamp Duty and do I need to pay it when buying shares?
October 10, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,Stamp Duty is charged at 0.5% on electronic share purchases,, making it a standard cost for UK investors.,Non-electronic share transactions over £1,000 are also subject to a 0.5% Stamp Duty,, offering exemptions for smaller manual deals.,...
How do I retrieve HPS-ordered information?
October 10, 2024 10:00 AM AEDT| By Team Kalkine MediaAccessing detailed records of past orders is essential for tracking investments, verifying transactions, and maintaining comprehensive financial records. The Historical Price Service (HPS) provides users with a straightforward way to access order inf...
