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Peak Levels Are Left Behind as US Indices Decline in a Quiet Session
September 26, 2024 01:31 AM AEST| By Team Kalkine MediaHighlights:,Market Decline,: US markets closed mostly lower as profit-taking followed earlier record highs, with fading optimism over China’s stimulus measures.,Key Indices,: The Dow and S&P 500 dipped, while Nasdaq stayed nearly flat, reflecting mix...
Morrisons Finalizes Multi-Million Pound Transaction, Report States
September 26, 2024 01:31 AM AEST| By Team Kalkine MediaHighlights:,Morrisons Secures Property Deal,: Morrisons has struck a ground rent deal with Song Capital to reduce debt while keeping ownership of 75 stores.,Debt Reduction Strategy,: The transaction helps unlock value from Morrisons' property without...
FTSE 250 Insights: Raspberry Pi Keeps Captivating Investors' Interest!
September 26, 2024 01:31 AM AEST| By Team Kalkine MediaHighlights:,FTSE 250 Edges Lower,: The index dipped slightly due to mixed sector performances.,Raspberry Pi Gains,: Shares rose after strong revenue growth and a 55% earnings boost, despite flat profits.,Mining Stocks Climb,: China's stimulus lifted...
Kistos Shares Decline as Revenue Falls and Balder Future Project Delayed
September 25, 2024 09:22 PM AEST| By Team Kalkine MediaRevenue and Production Decline,: Kistos PLC reported a 13% drop in first-half revenue to $113.33 million due to reduced production and a significant fall in gas prices, with average production falling to 8,400 boepd.,EBITDA and Debt,: Adjusted EBITDA...
Orange Drops US Listing, Defying the Common Tech Industry Trend
September 25, 2024 08:22 PM AEST| By Team Kalkine MediaHighlights:,Orange Exits NYSE,: French telecom Orange is delisting from the NYSE due to high financial and administrative costs.,U.S. Operations Unaffected,: The delisting won't impact Orange's U.S. clients or partners, and two debt securities will a...
Did Bernie Ecclestone's Payment Boost HMRC Fraud Income to £1 Billion?
September 25, 2024 01:45 AM AEST| By Team Kalkine MediaRevenue generated from serious criminal tax investigations by HMRC surged to nearly £1 billion last year, marking an increase of over 1,000% compared to the previous year, as reported by Pinsent Masons. For the fiscal year ending in April 2024, HMRC...
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Gold Prices Set for Further Gains Amid Fed Rate Cuts and Geopolitical Tensions
September 25, 2024 01:45 AM AEST| By Team Kalkine MediaGold prices are poised for further increases, according to analysts at UBS, following the attainment of yet another record high on Tuesday. The precious metal surged to a new peak of $2,642 during the morning session, having set multiple records on M...
Keir Starmer Warns of a 'Difficult Road Ahead' in Labour Conference Speech
September 25, 2024 01:43 AM AEST| By Team Kalkine MediaPrime Minister Keir Starmer delivered a cautionary address at the Labour Party conference in Liverpool, reiterating that the UK faces a "difficult road ahead." In his speech, he referenced an impending "painful" Budget set to be unveiled next month....
Iofina Plc (LSE:IOF) Targets FY24 Adjusted EBITDA of USD 8.5-9 Million
September 24, 2024 05:35 PM AEST| By Team Kalkine MediaHighlights,Iofina’s H1 FY24 net revenue reached USD 26 million, marking a 7% annual increment.,The company’s new IO#10 plant is expected to boost iodine production significantly in FY24.,Iofina PLC (LSE: IOF) is a UK based vertically integrated compa...
Australian Crypto Funds Outline Market Strategies Amid Volatility
September 24, 2024 11:36 AM AEST| By Team Kalkine MediaLeading Australian digital asset managers are sharing their strategies for navigating the turbulent,cryptocurrency,markets, emphasizing a focus on established tokens with strong performance records. Despite recent fluctuations in digital asset prices...
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LSE Chief Warns AIM's Future at Risk Without Business Relief
September 24, 2024 02:35 AM AEST| By Team Kalkine MediaThe future of the AIM market may face uncertainty if Business Relief (BR) is eliminated from shares listed on the junior market in the upcoming Budget, according to a warning from Julia Hoggett, the head of the London Stock Exchange Group PLC (LSE:LS...
Gold Hits Record High Amid Lingering US Economy Concerns
September 24, 2024 02:32 AM AEST| By Team Kalkine MediaThe price of gold reached another record high on Monday, driven by recent purchasing managers index (PMI) data that provided a boost to this safe-haven asset. By the afternoon, gold climbed to approximately US$2,634 per ounce, surpassing earlier reco...
UK Business Growth Stalls as Autumn Budget Approaches
September 23, 2024 09:36 PM AEST| By Team Kalkine MediaBritain's manufacturing and service sectors have dampened overall business growth this month, as uncertainty builds ahead of the upcoming Budget. Flash purchasing managers' index (PMI) figures from S&P Global revealed a reading of 52.9 for September,...
Mercedes-Benz Rating Cut Amid German Auto Sector Profit Warnings
September 23, 2024 09:32 PM AEST| By Team Kalkine MediaThe European automotive sector is experiencing a wave of profit warnings, prompting equities analysts to adjust their forecasts for the industry's performance in the upcoming year.,Recently, German manufacturers have faced a double blow, with Mercede...
Pub Closures Slow as Industry Prepares for End of Tax Relief
September 23, 2024 09:18 PM AEST| By Team Kalkine MediaIn England and Wales, an average of 50 pubs have permanently closed each month during the first half of this year, according to recent figures released by real estate intelligence firm Altus. In total, 305 pubs have shut their doors, leaving the coun...
Eco Buildings Secures Preliminary Order from Albanian Client
September 20, 2024 08:32 PM AEST| By Team Kalkine MediaEco Buildings Group, a modular housing company, has secured a preliminary order for 5,000 square meters of walling from R&T Sh.p.K. This order is intended for the installation of a permanent perimeter wall around a residential tourist site in Albania...
Thames Water Warns of Only Eight Months’ Cash Reserves
September 20, 2024 08:16 PM AEST| By Team Kalkine MediaThames Water has issued a warning regarding its financial situation, stating that its cash runway is projected to expire in May 2025 unless a refinancing agreement is reached with lenders. A company representative noted that various options are being...
German Industrial Producer Prices Drop 0.8% in August
September 20, 2024 06:53 PM AEST| By Team Kalkine MediaIn August, German industrial producer prices saw a year-on-year decrease of 0.8%, primarily attributed to lower energy costs, according to official data released by the Federal Statistical Office, Destatis. This decline reflects ongoing shifts in the...
Bank of Japan Keeps Interest Rates Steady
September 20, 2024 06:25 PM AEST| By Team Kalkine MediaOfficials at the Bank of Japan (BoJ) announced on Friday that they would keep interest rates unchanged, reflecting an upgraded outlook on consumption and a heightened confidence in the economic recovery.,In a unanimous decision, policymakers opted to...
Sunny Summer Boosts Retail Sales: A Seasonal Surge!
September 20, 2024 06:13 PM AEST| By Team Kalkine MediaRetail sales reached their highest level in over two years in August, according to official data released on Friday, surpassing forecasts and reflecting a stronger-than-anticipated performance.,Estimates from the Office for National Statistics indica...
