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Financial
Invesco Perpetual Announces Return of Capital via Special Dividend
July 19, 2024 07:40 AM BST| By Team Kalkine MediaInvesco Perpetual UK Smaller Companies Investment Trust PLC has announced a return of capital to shareholders, following its initial announcement on May 22, 2024. The Board is pleased to offer this return, which involves up to 10 percent of the compa...
Chrysalis Investments (LON: CHRY) Benefits from Graphcore Acquisition by SoftBank
July 12, 2024 08:59 AM BST| By Team Kalkine MediaChrysalis Investments Limited (,LON: CHRY,) has confirmed that Graphcore, a company in which it held a stake, is being acquired by SoftBank Group Corp (SoftBank). This acquisition is expected to result in cash proceeds of approximately $56.0 million...
Odyssean Investment (LON: OIT) Announces Fundraising Through Placing and Retail Offer
July 12, 2024 08:56 AM BST| By Team Kalkine MediaOdyssean Investment Trust plc (,LON: OIT,) has unveiled plans for a significant fundraising initiative, aimed at bolstering its capital base to meet growing investor demand and strategic investment opportunities.,The Fundraising Initiative,The board...
AssetCo (LON: ASTO) Reports Progress and Strategic Initiatives in 2024 Half-Year Report
June 28, 2024 08:36 AM BST| By Team Kalkine MediaAssetCo plc (,LON: ASTO,) has released its 2024 Half-Year Report for the six months ended 31 March 2024, showcasing notable achievements and strategic developments aimed at enhancing operational efficiency and profitability.,Financial Performance and...
Phoenix Group Initiates Process to Explore Sale of SunLife
June 26, 2024 08:17 AM BST| By Team Kalkine MediaPhoenix Group Holdings plc has announced its decision to explore a potential sale of SunLife Limited, a significant player in the UK's over 50s financial protection market. This strategic move follows a comprehensive review by the Board, which determ...
Phoenix Group Advances Deleveraging Programme with Debt Redemption and Refinancing
June 20, 2024 01:27 PM BST| By Team Kalkine MediaPhoenix Group Holdings pl has successfully completed the initial phase of its deleveraging programme, which includes a significant debt redemption and refinancing exercise. This strategic move is part of the Group's broader goal to repay at least £50...
Sainsbury’s Announces Sale of Core Banking Business to NatWest Group
June 20, 2024 01:24 PM BST| By Team Kalkine MediaJ Sainsbury PLC has entered into an agreement to sell the personal loan, credit card, and retail deposit portfolios of Sainsbury's Bank plc to NatWest Group, one of the UK’s leading banks. This strategic transaction aligns with Sainsbury's phased wit...
ReSI (LSE: RESI) Announces 1.03 pence Interim Dividend, Strengthening Shareholder Returns
June 18, 2024 07:11 AM BST| By Team Kalkine MediaResidential Secure Income plc (,LSE: RESI,), a company dedicated to investing in independent retirement living and shared ownership properties to provide secure, inflation-linked returns, has declared an interim dividend of 1.03 pence per Ordinary Sh...
Foresight Group (LON: FSG) Secures €300 Million Commitments for Flagship Energy Transition Strategy
June 05, 2024 10:46 AM BST| By Team Kalkine MediaForesight Group Holdings Limited (,LON: FSG,), a leading infrastructure and private equity investment manager, has provided an update on the progress of its flagship energy transition strategy, marking a significant milestone in its ongoing commitmen...
Vectron Systems AG and Shift4 Announce Strategic Business Combination
June 03, 2024 08:08 AM BST| By Team Kalkine MediaVectron Systems AG has entered into a significant Business Combination Agreement with Shift4, a US-based company specializing in integrated payments and commerce technology. This partnership aims to drive a joint growth strategy for both companies. S...
HSBC Fined £6.28 Million by FCA for Mishandling Customers in Financial Difficulty
May 24, 2024 02:14 PM BST| By Team Kalkine MediaThe Financial Conduct Authority (FCA) has imposed a fine of £6,280,100 on HSBC Bank plc, HSBC UK Bank plc and Marks and Spencer Financial Services plc (collectively referred to as HSBC) for their mishandling of customers in arrears or experiencing fi...
FCA Fines Citigroup Global Markets Limited £27.8 Million for Trading Control Failures
May 24, 2024 02:12 PM BST| By Team Kalkine MediaThe Financial Conduct Authority (FCA) has levied a fine of £27,766,200 on Citigroup Global Markets Limited (CGML) for serious deficiencies in its trading systems and controls, which led to the erroneous sale of US$1.4 billion worth of equities across...
How’s Clarkson (LSE: CKN) Stock Navigating Market Trends and Maritime Dynamics?
January 05, 2024 01:11 PM GMT| By Team KalkineClarkson PLC (LSE: CKN), a key player in the maritime services sector, has garnered attention within investment circles due to its intriguing stock performance and its correlation with market trends in the maritime industry.,One of the leading global...
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Barclays' Shares Slide as Lender Signals the End of Rates Boom (LON: BARC)
July 28, 2023 07:20 AM BST| By Team Kalkine MediaIn a notable turn of events, Barclays, one of the prominent financial institutions in the United Kingdom, has witnessed a decline in its stock value. This dip comes in the wake of the bank signaling the conclusion of the highly favorable rates boom....
Building Wealth, Building Futures: How LON Financial Stocks Can Fuel Your Investment Strategy
June 22, 2023 11:19 AM BST| By Team Kalkine MediaWhen it comes to building wealth and securing a prosperous future, investing in LON financial stocks can play a pivotal role. The financial sector offers a wide range of investment opportunities, from banks and insurance companies to asset management...
Stocks to keep a close eye on amidst mortgage hike talks
May 26, 2023 12:49 PM BST| By Manu ShankarHighlights UK households are all gearing up for a 5%-plus fixed mortgage deal. Britain's annual CPI rate dropped to 8.7% on a year-on-year basis in April.
NWG, HSBA, LLOY: Stocks to watch amid CPI drop
May 25, 2023 11:29 AM BST| By Manu ShankarHighlights According to the Office for National Statistics (ONS) figures, Consumer Price Index (CPI) dropped to 8.7% on a year-on-year basis in April. According to the ONS report, while food and beverages rose in April, gas prices dropped by 1.42...
BRBLY, BT.A, ESJ: Why are these stocks trending today?
May 18, 2023 03:48 PM BST| By Manu ShankarHighlights The Mulberry stock on Thursday was down by -2% at GBX 245.00 at the time of writing. The BT Group share prices were down by -5.50%, trading at GBX 139.95. EasyJet shares were up on Thursday as it was up by 0.77% at GBX 524.40.
Brits feel the pain for mortgages following interest rate hike
May 12, 2023 04:58 AM BST| By Manu ShankarBrits feel the pain for mortgages following interest rate hike
HSBA, LLOY, BARC: Banking stocks to explore amidst BoE rate hike
May 11, 2023 01:23 PM BST| By Manu ShankarHighlights The Bank of England (BoE) has once again raised the interest rate to 4.5%, making it the highest since 2008. This is the 12th consecutive time the base rate has spiked in Britain, making it the highest inflation rate among the advanced...
