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Financial
Former NatWest CEO Alison Rose Takes DEI Role at Leading Law Firm
September 17, 2024 08:29 AM BST| By Team Kalkine MediaAlison Rose, the former CEO of NatWest Group PLC,(LSE:NWG),, has been appointed by the City law firm Mishcon de Reya to advise on its diversity, equity, and inclusion (DEI) strategy. This new role follows Rose's departure from NatWest, which was mark...
Phoenix Group Abandons SunLife Disposal
September 16, 2024 09:24 AM BST| By Team Kalkine MediaPhoenix Group Holdings PLC,(LSE: PHNX),, a leading FTSE 100 pensions company, has decided to cancel its planned disposal of the life insurance subsidiary SunLife, which was initially announced in June. The decision comes amid ongoing uncertainty in t...
JTC Makes Splash with $80 Million Purchase of Citi Trust
September 16, 2024 09:04 AM BST| By Team Kalkine MediaOn Monday, professional services provider JTC (LSE:JTC) announced the acquisition of Citi Trust, the global fiduciary and trust administration services business, from Citigroup for $80 million.,Citi Trust offers a comprehensive range of fiduciary sol...
Octopus Renewables Posts 2% NAV Return for First Half
September 16, 2024 09:04 AM BST| By Team Kalkine MediaOctopus Renewables Infrastructure Trust (LSE:ORIT) reported a 2% net asset value total return for the first half of the year, up from 0.9% during the same period last year. The London-listed company has raised its target dividend for 2024 to 6.02p pe...
HgCapital's Leading Investments Fuel NAV Growth in First Half
September 16, 2024 09:04 AM BST| By Team Kalkine MediaHgCapital Trust,(LSE:HGT),, a FTSE 250-listed company focused on European and transatlantic software and services businesses, reported a 6.4% increase in net asset value (NAV) during the first half of the year. The growth was driven by strong double-...
Close Brothers (LSE:CBG) CEO Adrian Sainsbury Takes Temporary Medical Leave; Mike Morgan Assumes Responsibilities
September 16, 2024 08:25 AM BST| By Team Kalkine MediaClose Brothers Group plc (LSE:CBG) has announced that its Group Chief Executive, Adrian Sainsbury, is taking a temporary medical leave of absence. During his absence, the company has implemented a robust cover arrangement to ensure the uninterrupted...
Phoenix Group (LSE:PHNX) Strengthens Operational Momentum as it Delivers on 3-Year Strategy
September 16, 2024 08:18 AM BST| By Team Kalkine MediaPhoenix Group (LSE:PHNX), a leading UK-based provider of long-term savings and retirement products, has reported robust financial results for the first half of 2024, highlighting increased cash generation and operating profit as it continues to execu...
Oakmount & Partners Poised for Investor Confidence Comeback
September 13, 2024 07:57 PM BST| By Team Kalkine MediaOakmount & Partners Ltd's managing director, Glenn King, recently provided an update to Proactive on the company's latest activities and future strategies. King discussed the forthcoming listing of InterGroup Mining, a mining company that is set to d...
Chesnara Eyes More Deals as Cash Flow Strengthens
September 13, 2024 07:57 PM BST| By Team Kalkine MediaChesnara PLC,(LSE:CSN),CEO, Steve Murray, recently discussed the company's financial performance for the latest half-year period, highlighting key aspects of cash generation, M&A prospects, and medium-term opportunities.,During this period, Chesnara...
PWC Fined and Banned Over Evergrande Audit Failures
September 13, 2024 07:13 PM BST| By Team Kalkine MediaPwC, the UK-based Big Four accountancy firm, has been suspended from operating in China for six months and fined £47 million for its role in auditing the now-collapsed property giant Evergrande.,Chinese authorities accused PwC of helping to conceal f...
Investec’s Wealth Management Shift to Take Center Stage
September 13, 2024 06:13 PM BST| By Team Kalkine MediaAfter a period marked by significant restructuring, Anglo-South African bank Investec PLC,(LSE:INVP),is expected to enter a more stable phase. Recent strategic moves have included major transformations within the company, aiming to streamline operati...
Close Bros Rally Faces Test in Full-Year Update
September 13, 2024 06:13 PM BST| By Team Kalkine MediaClose Brothers Group PLC (LSE:CBG) has seen its shares rise significantly as interest rates have begun to fall and concerns over the FCA's motor finance investigation have diminished. Currently trading at 543p, the shares have climbed 80% from their...
Phoenix Group Balance Sheet in Spotlight for Next Week’s Update
September 13, 2024 06:13 PM BST| By Team Kalkine MediaPhoenix Group Holdings PLC (LSE:PHNX), a prominent player in life and pensions, begins the week with sustained momentum in bulk annuity transactions, showing no signs of slowing down.,Recently, Phoenix’s subsidiary, Standard Life, completed another n...
Volvere Soars as Shire Foods Subsidiary Reports Record Performance
September 13, 2024 11:17 AM BST| By Team Kalkine MediaVolvere,(LSE:VLE),saw its shares surge by over 13% on Friday morning following a significant boost in profits, driven largely by exceptional results from its subsidiary, Shire Foods.,In its latest financial update, Volvere reported a substantial incr...
Lloyds and Barclays Drive Banks Higher as Market Welcomes Eased Basel Rules
September 12, 2024 12:23 PM BST| By Team Kalkine MediaThe Bank of England has introduced new rules designed to ease lending for small businesses and mortgage funding, marking a significant shift in regulatory policy. Following this announcement, shares in major banks including Lloyds Banking Group PLC,(...
Brooks Macdonald Sells International Arm to Focus on UK
September 12, 2024 12:23 PM BST| By Team Kalkine MediaBrooks Macdonald Group plc,(LSE:BRK),has revealed the sale of its international division to Canaccord Genuity,[,(TSX:CF),,,(LSE:CF) ],Wealth for £50.85 million. This move is aimed at simplifying Brooks Macdonald’s operations and refocusing on its UK...
HeiQ Hits New Low After Warning of Fundraising Needs
September 12, 2024 12:23 PM BST| By Team Kalkine MediaHeiQ PLC,(LSE:HEIQ),experienced a dramatic 44% drop in its share price, reaching a new all-time low of approximately 5p. The significant decline follows the company’s announcement that it needs to secure additional funding due to a challenging market...
Harmony Energy Fully Powers Up Battery Storage Portfolio
September 12, 2024 12:23 PM BST| By Team Kalkine MediaHarmony Energy Income Trust PLC,(LSE:HEIT),has reached a significant milestone by successfully energizing its battery storage projects in Yorkshire and Durham, marking the completion of its entire portfolio.,The company announced that the Hawthorn Pi...
IG Group Reaches All-Time High, Setting New Milestone
September 12, 2024 12:23 PM BST| By Team Kalkine MediaIG Group Holdings Plc,(LSE:IGG),has reached a record share price of 970p, fueled by strong performance revealed in its first-quarter trading update.,For the first quarter, the FTSE 250-listed company reported revenues of £278.9 million, reflecting a...
Oakmount & Partners Eyes Expansion as Investor Confidence Rises
September 12, 2024 12:23 PM BST| By Team Kalkine MediaOakmount & Partners Ltd has reported a resurgence in confidence among UK private investors since July, following a challenging period for consumer sentiment over the past year. CEO Glenn King has maintained a steadfast approach towards the firm's str...
