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Financial
Has Electric Guitar Reached a Landmark with Its New Loyalty App?
September 25, 2024 04:17 PM BST| By Team Kalkine MediaHighlights:,Loyalty App Launch:,Electric Guitar PLC launched a loyalty app for the banking sector in collaboration with 3radical, Marcomms.ai, and Little Birdie.,Enhanced Personalization:,The app uses Open Banking data to create tailored loyalty prog...
Ecclesiastical Insurance Office’s (LSE:ELLA) records growth in profits and GWP in 1HFY24
September 25, 2024 08:43 AM BST| By Team Kalkine MediaEcclesiastical Insurance Office plc (LSE:ELLA), a specialist in insurance services, has released its interim results for 2024, demonstrating a solid financial performance across key metrics. The results, reflect sustained growth in gross written prem...
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Global Stocks Soar as China Unveils Economic Stimulus Plan
September 24, 2024 04:41 PM BST| By Team Kalkine MediaGlobal equities reached a new peak on Tuesday as China announced a series of measures designed to stimulate its economy, the second-largest in the world. The MSCI World Index, a widely recognized benchmark for global equity markets, increased by 0.3%...
Legal & General Hires New Asset Management CEO from Prudential Financial
September 24, 2024 11:12 AM BST| By Team Kalkine MediaLegal & General Group PLC (LSE: LGEN) has announced the appointment of Eric Adler as the chief executive of its newly merged asset management division. Adler transitions from his role as head of Prudential Financial Inc.’s $320 billion private equity...
Big Banks Pledge Support for Nuclear Energy to Meet Green Targets
September 23, 2024 05:15 PM BST| By Team Kalkine MediaAt the COP28 climate summit, a coalition of fourteen of the world’s largest banks pledged to significantly increase their lending for nuclear energy projects. Among the key financial institutions involved are Barclays, Goldman Sachs, Morgan Stanley (...
Electric Guitar Wins Singapore Agreement After Successful Trial
September 23, 2024 12:03 PM BST| By Team Kalkine MediaElectric Guitar PLC,(LSE:ELEG),, a digital marketing and advertising company specializing in first-party data, has announced a new campaign in collaboration with Mediacorp, Singapore's leading media network. This initiative follows a successful pilot...
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Bridgepoint Shares Plunge as Shareholders Offload 14.7 Million Shares
September 20, 2024 11:35 AM BST| By Team Kalkine MediaBridgepoint,(LSE:BPT),experienced a significant decline on Friday following the sale of 14.7 million shares by a group of 103 current and former employees, along with related entities. The shares were placed through JPMorgan and Morgan Stanley, price...
Investec Reports Steady Performance in First Half
September 20, 2024 09:01 AM BST| By Team Kalkine MediaInvestec Group,(LSE:INVR),indicated a stable financial performance for the first half in an update released on Friday, despite facing economic uncertainties earlier in the year.,The company projected pre-provision adjusted operating profit for the ha...
Investec Notes Lower Contribution from UK in First Half
September 20, 2024 08:15 AM BST| By Team Kalkine MediaInvestec PLC,(LSE:INVP),, the Anglo-South African bank, has reiterated its guidance for the year following a trading update that revealed a decline in first-half contributions from its UK operations. Profits from UK businesses, including its wealth m...
Close Brothers to Exit Asset-Management Division Amid Market Issues
September 19, 2024 09:28 AM BST| By Team Kalkine MediaClose Brothers Group PLC,(LSE:CBG),, a merchant bank, has reached an agreement to sell its Close Brothers Asset Management (CBAM) business to Oaktree Capital for £200 million. This divestiture aligns with the company's strategy to simplify its operat...
Close Brothers (LSE:CBG) Records Income Growth, Profit Surge, and Strategic Focus in Recent Half
September 19, 2024 09:09 AM BST| By Team Kalkine MediaClose Brothers Group PLC (LSE:CBG) reported strong preliminary results for the year ended 31 July 2024, showing a slight increase in operating income and a substantial jump in statutory operating profit. The group's performance was buoyed by robust g...
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S4Capital (LSE:SFOR) Faces Revenue Decline but Maintains Profit Targets Amid Challenging Market Conditions
September 19, 2024 09:00 AM BST| By Team Kalkine MediaS4Capital plc (LSE:SFOR) has reported a decline in net revenue for the full year but remains confident in achieving its profit targets. Despite challenges, including a difficult macroeconomic environment and reduced activity in its Technology Service...
Close Brothers (LSE:CBG) to Sell Asset Management Unit to Oaktree Capital for £200 Million
September 19, 2024 08:57 AM BST| By Team Kalkine MediaClose Brothers Group plc (LSE:CBG) has announced the sale of its wealth management division, Close Brothers Asset Management ("CBAM"), to funds managed by Oaktree Capital Management, L.P. ("Oaktree") in a transaction valued at up to £200 million. The...
L&G Shareholders ‘May Be Disappointed’ with Details of CALA Sale
September 18, 2024 12:36 PM BST| By Team Kalkine MediaAfter months of speculation, Legal & General Group PLC (LSE: LGEN) has confirmed the sale of its housebuilding subsidiary CALA for £1.35 billion, exceeding earlier estimates of £1 billion. However, some market analysts suggest there may be disappoint...
Argentex Group’s (LSE:AGFX) New Addition to the Board Enhances Expertise in Technology Transformation
September 18, 2024 10:37 AM BST| By Team Kalkine MediaArgentex Group PLC (LSE:AGFX), a global leader in currency risk management and alternative banking, has announced the appointment of Rina Ladva to its Board as an Independent Non-Executive Director, effective 1 October 2024.,Rina Ladva’s Expertise an...
Halyk Bank (LSE:HSBK) Announces Up to $50 Million GDR Repurchase Programme to Optimize Capital Structure
September 18, 2024 10:35 AM BST| By Team Kalkine MediaHalyk Bank of Kazakhstan Joint Stock Company (LSE:HSBK) has initiated a global depositary receipts (GDR) repurchase programme following a Board of Directors decision on 16 September 2024. The programme is set to cover up to USD 50 million, aimed at o...
Jade Road Investments (LSE:JADE) Launches £1 Million Convertible Loan Notes
September 18, 2024 10:30 AM BST| By Team Kalkine MediaJade Road Investments Limited (LSE:JADE) has announced the issuance of up to £1,000,000 in principal value of convertible loan notes (CLN), following its previous update on 16 August 2024. The CLN is non-interest bearing, features a maturity period o...
London SPAC Becket to Acquire UAE Rare Earths Firm SMT
September 18, 2024 10:29 AM BST| By Team Kalkine MediaSMT Holdings, a rare earths company based in the United Arab Emirates, plans to pursue a listing in London through a merger with Becket Invest PLC, a special purpose acquisition company (SPAC).,Becket Invest PLC,(LSE:TAB),, which listed last summer w...
Foresight Solar Fund Expands Divestment Plan into Second Phase
September 18, 2024 08:17 AM BST| By Team Kalkine MediaForesight Solar Fund Ltd,(LSE:FSFL),has demonstrated resilience during the first half of the year, while also making strides to address its share price discount to net assets. Recently, the board expanded the share buyback program by an additional £1...
Legal & General Confirms £1.35bn Transaction for CALA Homes
September 18, 2024 07:44 AM BST| By Team Kalkine MediaLegal & General Group PLC,(LSE:LGEN),has confirmed the sale of its UK housebuilding subsidiary, CALA Group, following months of speculation. The transaction, valued at £1.35 billion, involves a buyer controlled by investment firms Sixth Street Partne...
