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Financial
Argo Blockchain Announces Dismissal of Class Action Lawsuit in the US
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Lawsuit Dismissal:,The class action lawsuit,Murphy vs. Argo Blockchain,was dismissed without prejudice in October 2024.,Allegations Rejected:,Argo Blockchain consistently maintained that the claims were without merit, and the case was dis...
Monzo Gears Up for Secondary Share Sale, Valuation Expected to Reach £4.5 Billion
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Monzo Valuation to Hit £4.5 Billion,: The digital bank prepares for a secondary share sale, offering staff the chance to sell their shares.,Existing Investors Set to Increase Stakes,: StepStone Group and Singapore's sovereign wealth fund...
The Stablecoin Surge: Traditional Financial Institutions Warm Up to Digital Currency
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Institutional Adoption,: Major financial players like Visa, PayPal, and JPMorgan Chase are integrating stablecoins into their operations, indicating a shift in traditional finance toward digital assets.,Past Controversies,: The collapse o...
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UK Government Imposes Deadline on Housebuilders to Fix Dangerous Cladding Post-Grenfell
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,New Deadlines for Cladding Remediation,: Housebuilders will have six months to assess dangerous cladding and an additional 12 months to begin the work.,Potential Criminal Sanctions,: The government has hinted at possible criminal charges...
JPMorgan Q3 Net Income Declines, Dimon Points to Geopolitical Tensions
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Increased Provisions:,JPMorgan set aside $3.1 billion to cover credit losses, more than doubling last year’s provision as a precaution against rising loan defaults.,Revenue Growth Despite Net Income Dip:,Revenue rose by 6% to $43.3 billio...
BNY Mellon Reports Strong Q3 Results with Record $52.1 Trillion in Assets Under Custody
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Record Assets Under Custody,: BNY Mellon reached a new high with $52.1 trillion in assets under custody and administration.,Exceeded Profit Expectations,: Adjusted EPS of $1.52 surpassed Wall Street’s forecast of $1.42, driven by a 5% ris...
Braveheart’s Stock Increases by 14% After Securing CEO’s Stake in IQ-AI
October 11, 2024 11:53 AM BST| By Team Kalkine MediaHighlights,Braveheart Investment Group has acquired a 29.5% stake in IQ-AI, a brain cancer diagnostics company, from CEO Trevor Brown.,The transaction is classified as a related party transfer, with shares purchased at a price of 1.1 pence each.,Foll...
How has Jupiter Fund Management Performed in Q3 2024?
October 11, 2024 09:20 AM BST| By Team Kalkine MediaKey Points:,Total Net Outflows,: Jupiter reported,£1.6 billion,in net outflows for Q3 2024, totaling,£5.0 billion,year-to-date.,Positive Underlying Flows,: Despite net outflows, the firm achieved slightly positive underlying inflows, particularly in...
Saga in Exclusive Negotiations with Ageas for Long-Term Insurance Partnership
October 11, 2024 09:11 AM BST| By Team Kalkine MediaKey Points:,Long-Term Partnership,: Saga is negotiating a 20-year affinity partnership with Ageas to enhance its motor and home insurance offerings.,Financial Considerations,: Ageas will pay Saga £80 million upfront and up to £60 million in contingen...
Jupiter Sees Continued Pressure from Outflows in Its Portfolio of Funds
October 11, 2024 08:21 AM BST| By Team Kalkine MediaHighlights:,Jupiter Fund Management PLC reports £1.6 billion in outflows for the quarter ending September 30, 2024, totaling £5 billion in outflows year-to-date.,Total assets under management (AUM) decreased to £50.1 billion from £51.3 billion at the...
Voco Platform Success at Grand Designs Live Addressed by Electric Guitar PLC CEO
October 11, 2024 07:55 AM BST| By Team Kalkine MediaHighlights:,Electric Guitar PLC CEO John Regan discusses the deployment of the Voco platform with NFC technology at the Grand Designs Live event in Birmingham.,The partnership with Mastercard's SessionM loyalty platform allows clients to utilize gami...
Saga and Ageas Establish 20-Year Insurance Alliance
October 11, 2024 07:51 AM BST| By Team Kalkine MediaHighlights:,Saga PLC announces exclusive negotiations with Ageas to establish a 20-year partnership for motor and home insurance.,Ageas will acquire Saga's underwriting arm, Acromas, for £67.5 million as part of the agreement.,The partnership aims to...
Jupiter Fund Management Faces Drop in AUM Amid £1.6 Billion Client Withdrawals
October 11, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,AUM Decline,: Jupiter Fund Management's AUM dropped to £50.1 billion as of September 30, down from £51.3 billion in the previous quarter.,Client Withdrawals,: The asset manager faced £1.6 billion in net client outflows during the third qu...
UIL Acquires Majority Stake in Zeta Resources Limited
October 10, 2024 11:13 AM BST| By Team Kalkine MediaKey Points:,UIL Acquires 95.03% of Zeta Resources: UIL is set to merge Zeta's investment platform with its own after acquiring GPLPF’s 187 million shares in Zeta.,Transaction Valued at £28.7 Million: UIL will settle the purchase with a mix of shares...
KinderCare Learning Companies Begins Trading on NYSE Following Successful IPO
October 10, 2024 10:59 AM BST| By Team Kalkine MediaKey Points:,Successful IPO,: KinderCare’s shares began trading on the NYSE, priced at USD 24.00, with Partners Group retaining a 71% stake.,Industry Leadership,: KinderCare serves over 200,000 children across 2,400 centers, making it the largest earl...
Ramsdens Holdings Reports Record FY24 Profit, Sets Stage for Further Growth
October 10, 2024 10:36 AM BST| By Team Kalkine MediaKey Points:,Ramsdens Holdings expects to report record profit before tax of at least £11 million for FY24, a 9% increase from FY23.,The company’s diversified business model has driven growth across all key income streams, particularly in jewelry reta...
Liontrust Asset Management Reports £1.1 Billion Net Outflows in Q3 2024
October 10, 2024 10:31 AM BST| By Team Kalkine MediaLiontrust Asset Management Plc (LSE:LIO), a specialist independent fund management group, has released its trading update for the quarter ending on 30 September 2024. The update highlights continued net outflows and a reduction in assets under manage...
Liontrust Shares Hit Near Seven-Year Low Following Market Trends
October 10, 2024 10:12 AM BST| By Team Kalkine MediaHighlights:,Liontrust Asset Management reported continued elevated outflows, resulting in total assets under management declining by 4% to £26 billion.,The company experienced net outflows of £1.1 billion in the last quarter, contributing to approxim...
CMC Markets has recorded a first-half profit, marking a successful turnaround
October 09, 2024 12:28 PM BST| By Team Kalkine MediaHighlights:,CMC Markets achieved a 45% year-on-year increase in net operating income, reaching £180 million in the first half of 2024.,Operating costs were reduced by approximately 7%, resulting in a profit before tax of £51 million, marking a signif...
Electric Guitar has implemented Voco with NFC technology for the first tim
October 09, 2024 12:22 PM BST| By Team Kalkine MediaHighlights:,Electric Guitar PLC’s subsidiary, 3radical, successfully deployed NFC-enabled Voco technology at the Grand Designs Live event in Birmingham.,The technology enabled interactive experiences, allowing visitors to engage with brands through t...
