Financial
Apax Funds Positioned to Acquire Evelyn Partners’ Accountancy and Advisory Business
November 27, 2024 08:47 AM GMT| By Team Kalkine MediaHighlights:,Apax Global Alpha (AGA) commits approximately €28m in Evelyn Partners' accountancy and advisory practice.,The Apax XI fund has agreed to acquire the business, which will be rebranded as S&W.,Apax views the mid-market accountancy and advis...
Baillie Gifford UK Growth Trust (LSE:BGUK) Experiences a 0.6% Drop in Shares
November 27, 2024 08:25 AM GMT| By Team Kalkine MediaHighlights:,Baillie Gifford UK Growth Trust's share price fell by 0.6% during mid-day trading.,Insider transactions show that key company figures have recently purchased shares.,The company has a market capitalization of £255.08 million and a high P/...
Greencoat UK Wind Moves Forward with Share Buyback Programme
November 27, 2024 07:18 AM GMT| By Team Kalkine MediaHighlights:,Greencoat UK Wind PLC has completed a share buyback program, acquiring 228,044 ordinary shares.,The purchased shares were acquired at an average price of 126.89 pence per share.,The buyback is part of Greencoat UK Wind’s ongoing strategy...
BlackRock Throgmorton Trust Faces Market-Driven Volatility
November 26, 2024 10:39 AM GMT| By Team Kalkine MediaHighlights:,BlackRock Throgmorton Trust PLC reports a 2.5% decline in net asset value for October due to market volatility.,The property and consumer goods sectors faced notable challenges, while industrials, such as Morgan Sindall and Ibstock, showe...
FRP Advisory Group (LSE:FRP) Passes Earnings Growth Scan with Ease
November 26, 2024 10:26 AM GMT| By Team Kalkine MediaHighlights:,FRP Advisory Group has demonstrated strong earnings growth, with a 16% annual EPS growth rate over the last three years.,The company's EBIT margins have increased from 15% to 24% over the past 12 months, alongside rising revenues.,Insider...
Corporate Broker Position Further Strengthened
November 26, 2024 08:26 AM GMT| By Team Kalkine MediaHighlights:,Bank of Georgia Group PLC appoints J.P. Morgan Securities as its joint Corporate Broker alongside Cavendish Capital Markets.,The appointment is effective immediately, marking a significant step in the company’s corporate strategy.,Bank of...
Kepler Draws Attention to Schroder AsiaPacific Fund's Strengths
November 26, 2024 07:42 AM GMT| By Team Kalkine MediaHighlights:,Kepler Trust Intelligence releases new research on the Schroder AsiaPacific Fund PLC (LSE:SDP).,The report highlights strong absolute returns and growth potential driven by improving sentiment in Asia.,Kepler Partners LLP emphasizes that...
Boston Partners Gains 5.3% Stake in Hiscox Ltd
November 26, 2024 07:36 AM GMT| By Team Kalkine MediaHighlights:,Boston Partners’ voting rights in Hiscox Ltd have reached 5.298%, representing 18,007,548 shares.,The acquisition was disclosed through a TR-1 filing with the London Stock Exchange on November 26, 2024.,Boston Partners’ stake is controlle...
HSBC sustainability lead exits after losing executive committee position
November 25, 2024 11:08 AM GMT| By Team Kalkine MediaHighlights:,Celine Herweijer steps down as HSBC's Chief Sustainability Officer following a recent management reshuffle.,Herweijer played a crucial role in shaping HSBC’s climate policy and strategy.,Julian Wentzel, head of global banking for the Midd...
Why is Amigo Holdings gaining limelight today?
November 22, 2024 04:14 PM GMT| By Team Kalkine MediaHighlights,Wind-down progress:,Amigo continues to operate the orderly wind-down of its legacy lending business, with no return to shareholders expected.,Claims and redress:,£85.1 million refunded and £72.9 million in cash redress paid to Scheme claim...
River and Mercantile UK Micro Cap (LSE:RMMC) Sees a Drop of 2.4% in Stock Price
November 22, 2024 08:53 AM GMT| By Team Kalkine MediaHighlights:,River and Mercantile UK Micro Cap stock price declines by 2.4%, trading at GBX 179.50.,Trading volume increases by 6% compared to the average, with 43,930 shares exchanged.,The company operates as a closed-ended equity mutual fund, invest...
Liontrust Asset Management Reports Reduced Profits in Half-Year Results, Maintains Dividend Amid Strategic Cost Savings
November 21, 2024 05:25 PM GMT| By Team Kalkine MediaHighlights,Gross Profit Decline:,Gross profit decreased to £81.1m, down from £98.6m in 2023.,Profit Before Tax:,Adjusted profit before tax fell to £25.8m, while statutory profit turned positive at £12.5m.,Strategic Actions:,The company has launched a...
FCA Proposes Extended Timeline for Motor Finance Complaint Handling Amid Legal Developments
November 21, 2024 05:12 PM GMT| By Team Kalkine MediaHighlights,Time Extension Proposal:,The FCA seeks feedback on extending complaint response timelines for non-discretionary commission motor finance cases.,Court Ruling Impact:,Recent judgments mandate transparency on commissions, affecting consumer c...
Three UK Penny Stocks with Market Caps Above £2M Take Centre Stage
November 21, 2024 03:45 PM GMT| By Team Kalkine MediaHighlights:,The UK market remained flat over the past week, with a 6.1% rise in the past 12 months and forecasted earnings growth of 15% annually.,Penny stocks, while a dated term, refer to smaller companies offering substantial returns, backed by st...
Riverstone Energy Limited Repurchases Shares on the LSE
November 21, 2024 07:44 AM GMT| By Team Kalkine MediaHighlights:,Riverstone Energy Limited repurchased 21,229 shares as part of its ongoing capital management strategy.,The repurchased shares will be cancelled, reducing the company’s overall share count to 25,412,704.,The move aligns with the company’s...
Greencoat UK Wind Strengthens Treasury with Share Buyback
November 21, 2024 07:34 AM GMT| By Team Kalkine MediaHighlights:,Greencoat UK Wind has completed the repurchase of 250,000 ordinary shares under its share buyback program.,The repurchased shares will be held in treasury, increasing the total number of treasury shares to over 46 million.,This buyback in...
HSBC Relaunches Premier Wealth Brand in the UK Market
November 20, 2024 01:28 PM GMT| By Team Kalkine MediaHighlights:,HSBC is relaunching its Premier wealth management brand in the UK, aimed at high-net-worth individuals (HNWIs).,The Premier service will offer 24-hour customer support, financial planning tools, and additional benefits.,HSBC is restructur...
Greencoat UK Wind Initiates Share Buyback Process
November 20, 2024 08:30 AM GMT| By Team Kalkine MediaHighlights:,Greencoat UK Wind PLC has executed a share buyback, acquiring 250,000 shares at an average price of 126.71 pence per share.,The acquired shares will be held in treasury, reducing the total number of shares in circulation to 2,261,093,015....
Lloyds Banking Group Launches App to Simplify Access to Benefits and Financial Support
November 19, 2024 02:33 PM GMT| By Team Kalkine MediaHighlights:,Customer-Centric Innovation:,Lloyds launches an app to help customers identify and claim financial support like benefits, energy grants, and council tax discounts.,Tailored Guidance:,The app offers personalized calculations based on user...
Starling Bank Faces Challenges Ahead of Potential IPO Amid Staff Resignations and Penalties
November 19, 2024 02:33 PM GMT| By Team Kalkine MediaHighlights:,New Hybrid Work Policy Sparks Resignations:,CEO Raman Bhatia’s mandate for hybrid staff to work at least 10 days a month in the office has led to employee discontent and resignations.,Limited Office Capacity Adds Pressure:,With only 900 o...