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Financial
Revolut To Extend Operations in the US, Seeks Banking Licence
March 23, 2021 02:30 PM GMT| By Suhita PoddarSource: Peshkova, Shutterstock London-based fintech firm Revolut has applied for a full banking licence in the US to strengthen its global portfolio of financial licences. The English fintech company already has a banking licence in the European Uni...
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FTSE 100: This Blue-Chip Banking Stock Has Doubled Wealth In 6 Months
March 22, 2021 03:31 PM GMT| By AbhijeetSource: kan_chana, Shutterstock Summary Shares of Barclays Plc have doubled investors’ wealth in 6 months. The FTSE 100 index has managed to gain a little more than 15 per cent only. The last 12-month period has been touted as the y...
10 FTSE Cyclical Stocks to Keep A Close Eye On
March 21, 2021 12:40 AM GMT| By AbhijeetSource: solarseven, Shutterstock Summary Cyclical stocks are expected to deliver huge returns during period of economic strength. These stocks could be highly volatile as they are affected by macroeconomic changes. Investors must take a prude...
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What significant factors led Sanne Group to report a jump in profitability during FY20?
March 19, 2021 04:37 PM GMT| By Team Kalkine MediaSource: TheCorgi, Shutterstock Summary Sanne Group PLC had registered a growth of 7.3% at constant currency in underlying net revenue to £169.7 million during FY20. SNN had a robust free cash flow of £33.6 million during FY20. The...
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Lens On 3 FTSE 100 Banking Stocks as UK Sells Stake in Natwest for £1.1 Bn
March 19, 2021 03:11 PM GMT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The government sold its stake worth £1.1 billion in NatWest Group. The sale brought the government’s stake in the group down to 59.8% from 61.7%. The UK government today sold its stake wo...
Top 4 Dividend-Paying VCT Stocks to Look At
March 18, 2021 07:12 AM GMT| By Suhita PoddarSource: Funtap, Shutterstock Summary Investing in dividend stocks remains one of the best ways to counter unprecedented times VCTs not only provide access to the venture capital investment to the individual investors but have been a source of...
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What significant factors led Alpha FX Group to show remarkable revenue growth during FY20?
March 17, 2021 04:17 PM GMT| By Team Kalkine MediaSource: wutzkohphoto, Shutterstock Summary Alpha FX Group PLC had reported a revenue of £46.2 million during FY20. AFX had a robust free cash flow of £52.0 million during FY20. AFX had shown an increase of 16.0% in client numbers...
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Natwest Group Shares Drop 3% In 3 Days as FCA Probes Bank
March 17, 2021 10:42 AM GMT| By AbhijeetSource: Jirapong Manustrong, Shutterstock Summary Shares of NatWest Group have dropped over 3 per cent in the last three days. The stock regained sharply in the mid-morning deals on Wednesday. According to FCA, NatWest Group failed to co...
3 Insurance Stocks in Focus After BoE Rejects Relaxation in Capital Norms
March 16, 2021 02:14 PM GMT| By AbhijeetSource: Freedomz, Shutterstock Summary Bank of England Deputy Governor Sam Woods said capital requirement norms for insurance companies might not have any change after Brexit. Association of British Insurers said £35 billion worth of cap...
3 FTSE Listed Banking Stocks to Consider For 2021
March 16, 2021 07:42 AM GMT| By AbhijeetSource: kan_chana, Shutterstock Summary UK banks seem to be eventually coming out of the panic-stricken situation. Barclays has reported a 1 per cent rise in the total income in the year ended 31 December 2020. The Board of Lloyds has declare...
Why FTSE 100 Banking Stocks Are Down After Report on Climate Conflict of Interest
March 10, 2021 09:25 AM GMT| By Suhita PoddarSource: Jirapong Manustrong, Shutterstock Summary Investigative climate group DeSmog found out the majority of directors at UK banking giants had potential climate conflict of interest. The study has found out that almost 80 per cent of the ba...
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What are the current business plans announced by Direct Line Insurance Group PLC?
March 08, 2021 03:31 PM GMT| By Team Kalkine MediaSource: H_Ko, Shutterstock Summary Direct Line Insurance Group PLC had delivered a growth of 2.2% in Direct own brands in-force policies during FY20. The operating profit had declined by 4.5% during FY20. DLG had declared a final dividend of...
How Return Of 95% Mortgage in The Housing Sector Would Impact the Banks
March 07, 2021 02:59 AM GMT| By AbhijeetSource: Elle Aon, Shutterstock Summary The newly introduced 95 per cent mortgages loans would entice all buyers to ‘buy’ new homes. The government is the de-facto guarantor of the mortgages under the new scheme. The stamp duty...
What Led to the Sudden Fall in LSE (LON: LSEG) Stocks?
March 05, 2021 01:01 PM GMT| By Suhita Poddaridend increase after the completion of its acquisition of data company Refinitiv. The London Stock Exchange Group Plc’s (LON: LSEG), on Friday, 5 March announced its preliminary results for the financial year ending 31 December 202...
How Aviva Announced Dividend Pay-Outs Despite Lower FY 2020 Profits
March 04, 2021 10:09 AM GMT| By Suhita PoddarSource: wutzkohphoto, Shutterstock Summary UK-based life insurance giant Aviva PLC announced a final dividend declaration for FY 2020 on 4 March after reporting a 1 per cent fall in annual profits. The insurance company also announced its exit...
Why Virgin Money's deal with Life Moments is crucial for its business
March 02, 2021 11:20 AM GMT| By Suhita PoddarSource: Jirapong Manustrong, Shutterstock Summary Financial services company Virgin Money will tie-up with fintech data company Life Moments to develop its ESG focused offerings for its business banking clientele. This is the latest technology...
Brexit impact: Financial services firms continue to move operations to EU
March 02, 2021 09:08 AM GMT| By Team Kalkine MediaSource: Pressmaster, Shutterstock Summary A new study has found that 40% of the financial services firms surveyed have either moved or will move operations from the UK to the EU. Dublin was the most favoured new hub followe...
How has Amigo Holdings managed to sustain its business amid the rising Covid-19 payment holidays?
February 25, 2021 02:37 PM GMT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary Amigo Holdings PLC had reported a plunge of 36.9% in its revenue during 9M FY21 ended 31 December 2020. AMGO had demonstrated a 32.8% reduction in the number of customers during 9M FY21. The Company woul...
Lloyds bank resumes dividend payments despite a large plunge in profits
February 24, 2021 12:50 PM GMT| By Team Kalkine MediaThe profits for the Lloyds Banking Group plc (LON: LLOY) have dropped by 72 per cent after the bank set aside £4.2 billion to cover potential defaults for Covid-19 crisis. Despite the drop, the bank has decided to resum.....
What Prompted Aviva To Sell Aviva France To Macif's Aéma Groupe
February 24, 2021 06:16 AM GMT| By Team Kalkine MediaSource: Shutterstock Summary The London-headquartered Aviva PLC approves the sale of its French business for €2 billion. The transaction is said to be closed by the end of 2021. Aviva PLC (LON: AV.) on 23 February, revealed that it h...
