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Financial
Apax Global Alpha to Invest €12M in Altus Fire
September 04, 2024 05:01 PM BST| By Team Kalkine MediaApax Global Alpha,(LSE:APAX),has announced a strategic allocation of €12 million to Altus Fire & Life Safety, a prominent provider of fire and life safety services in the northeastern United States. This move is facilitated through Apax XI, the priva...
Equals Group Extends Takeover Talks Deadline
September 04, 2024 07:15 AM BST| By Team Kalkine MediaEquals Group PLC,(LSE:EQLS),, a financial services company listed on AIM, has announced a key update regarding its ongoing acquisition discussions. The company disclosed on Wednesday that the deadline for reaching a potential acquisition agreement ha...
Do British Banks in the FTSE 100 Remain Undervalued?
September 02, 2024 01:49 PM BST| By Team Kalkine MediaThree prominent FTSE 100 banks—Lloyds Banking Group, Barclays, and NatWest Group—are key players in the UK financial sector. Each has a significant presence in the country, with the majority of their assets and income derived from the UK.,On 12 Febru...
Downing Renewables to Acquire Three Hydropower Plants in Sweden
September 02, 2024 01:15 PM BST| By Team Kalkine MediaDowning Renewables & Infrastructure,(LSE:DORE),announced on Monday its plan to acquire three hydropower plants in Sweden, marking a significant expansion of its renewable energy assets.,The company, listed on the London Stock Exchange, disclosed that...
NatWest, Barclays, HSBC Slash Mortgage Rates Ahead of BoE Moves
September 02, 2024 01:05 PM BST| By Team Kalkine MediaNatWest Group PLC,(LSE:NWG),has announced a second reduction in mortgage rates within a month, this time focusing on business deals as lenders vie for market share. Effective Tuesday, NatWest will reduce rates on two-year fixed mortgages by 19 basis...
Further Basel Delays Unlikely to Affect Major Banks
August 30, 2024 05:59 PM BST| By Team Kalkine MediaThe anticipated delay in implementing the Basel 3.1 rules, potentially pushing their enforcement to January 2026, offers a mixed outlook for the banking sector, according to insights from broker KBW. While the postponement might bring some relief to...
Close Bros Investment Bank Says Headwinds Are Overstated
August 30, 2024 12:08 PM BST| By Team Kalkine MediaClose Brothers Group PLC,(LSE:CBG),has faced significant challenges in 2024, evident from its sharply reduced share price. However, equities analysts at RBC Capital Markets view this situation as presenting a promising opportunity.,The decline in Clo...
NatWest App Outage Disrupts Online Banking Services
August 30, 2024 12:07 PM BST| By Team Kalkine MediaOn Friday morning, customers of NatWest Group PLC,(LSE:NWG),, HSBC Holdings PLC, and TSB Banking Group faced significant disruptions with their banking apps, which affected their ability to process payments. According to DownDetector, the problems wi...
CAB Payments Teams Up with Visa Direct for 'Last Mile' Payments
August 29, 2024 03:17 PM BST| By Team Kalkine MediaOn Thursday, CAB Payments,(LSE:CABP),, a prominent player in the foreign exchange sector, unveiled a significant partnership with Visa aimed at enhancing foreign exchange and "last mile" payment solutions across emerging markets. This strategic colla...
BBGI Delivers Impressive Interim Results
August 29, 2024 02:20 PM BST| By Team Kalkine MediaBBGI Global Infrastructure,(LSE:BBGI),reported strong interim results on Thursday, achieving a 2.4% net asset value (NAV) total return and maintaining an impressive asset availability rate of 99.9%.,The London-listed company indicated that, despite a...
Apax Global Alpha to Invest €29M in Veriforce
August 29, 2024 02:18 PM BST| By Team Kalkine MediaApax Global Alpha,(LSE:APAX),revealed on Thursday its intention to allocate €29 million to Veriforce, a specialist in supply chain risk management. This allocation is part of a broader transaction where the Apax XI Fund, in which AGA is a limited par...
Tastytrade Co-Founders Sosnoff and Sheridan Sell 6.5M IG Group Shares
August 29, 2024 09:27 AM BST| By Team Kalkine MediaLate on Wednesday, Jefferies announced that Tom Sosnoff and Scott Sheridan had completed a placement of 6.5 million shares in IG Group,(LSE:IGG),. This placement involved a select group of institutional investors and represents approximately 1.8% of...
Aquis Exchange Remains Confident Despite Losing Historic Contract
August 28, 2024 05:57 AM BST| By Team Kalkine MediaOn Wednesday, Aquis Exchange,(LSE:AQX),provided an update on its recent trading performance, showcasing modest revenue growth, a solid cash position, and strategic moves to bolster its technology division, though it also noted a £1m setback due to th...
HSBC Plans to Double UK Wealth Business, Targeting 'Mass Affluent'
August 23, 2024 03:26 PM BST| By Team Kalkine MediaHSBC,(LSE:HSBA),has set an ambitious goal to double the assets under management (AUM) in its British wealth division, aiming to reach £100 billion ($131 billion) within the next five years. This strategic move aligns with the bank's objective to beco...
Monzo Tops UK Bank Rankings in Survey of 36,000
August 23, 2024 11:51 AM BST| By Team Kalkine MediaJP Morgan’s Chase has emerged as one of Britain’s top-rated consumer banks just three years after its launch, according to the latest survey conducted by the Competition and Markets Authority (CMA). Despite this notable achievement, Monzo once again...
Major Bank Warns Premier League Fans About Ticket Scams
August 23, 2024 11:43 AM BST| By Team Kalkine MediaFootball fans are being advised to remain vigilant against ticket scams following a significant increase in reported cases. Lloyds Bank has highlighted a troubling rise in fraudulent activities related to football ticket purchases.,As the Premier Lea...
Direct Line Reports Solvency Ratio Adjustment, Forecasts Strong Capital Position for Mid-2024
August 23, 2024 08:04 AM BST| By Team Kalkine MediaDirect Line Insurance Group PLC has disclosed a revision to its previously reported Solvency II own funds for the year ended 31 December 2023. This adjustment, identified during the preparation of the Group's half-year results, involves a miscalculat...
European Stocks Rise, Stoxx 600 Nears Record High; JD Sports and Swiss Re Shine
August 22, 2024 01:37 PM BST| By Team Kalkine MediaEuropean stocks were experiencing solid gains on Thursday, with the Stoxx 600 index up by half a percentage point by lunchtime. The index was trading at 516.39, an increase of 0.46%, drawing closer to the record closing high of 524.68 achieved in May...
Bank of Georgia Announces £21M Buyback Post-11% Profit Rise
August 22, 2024 08:36 AM BST| By Team Kalkine MediaBank of Georgia,(LSE:BGEO),has announced a £21m share buyback program following its second-quarter financial results, which revealed an 11% increase in profits. This performance includes the first-time integration of Armenian bank Ameriabank into the...
Volta Finance's 10.8% YTD 2024 Return Outperforms Broader Credit Markets
August 22, 2024 07:57 AM BST| By Team Kalkine MediaVolta Finance,(LSE:VTA),delivered a net performance of +0.9% in July, including a dividend payment of 14.5 cents per share. This brought the year-to-date return to +10.8% and the performance for the Financial Year (July 2023 to July 2024) to 19.7%. T...
