AUS
NZ
UK
CA
USA
IND
Financial
What led HSBC to resume dividend pay-outs despite a drop in profits
February 23, 2021 12:27 PM GMT| By Team Kalkine MediaEurope’s largest bank by assets HSBC Holdings Plc (LON: HSBA) announced its plans on Tuesday, 23 February to resume dividend payments after reporting a 34 per cent drop in profits for the full year 2020, due to its global business bei.....
Why M&T Bank is set to acquire People’s United for a US $7-bn deal
February 22, 2021 08:58 AM GMT| By Team Kalkine MediaSource: Shutterstock Summary M&T Bank Corporation is all set to acquire People’s United Financial Inc for a deal worth over US $7 bn. The deal will lead to a combined asset portfolio worth over...
Why Is Natwest Pulling Out of The Irish Market?
February 19, 2021 03:02 PM GMT| By Kunal SawhneySummary UK-based bank Natwest announced a loss of £351 million for 2020 after setting aside a bad debt provision of £3.2 billion. The company slashed its bonus pool for its bankers by over 33 per cent to £206 million, its lowe.....
What significant factors led Plus500 to achieve record performance during FY20?
February 17, 2021 03:03 PM GMT| By Hina ChowdharySummary Plus500 Ltd had delivered total revenue growth of around 146% YoY during FY20. PLUS had achieved an EBITDA margin of 59% during FY20. The 2020 total dividend per share stood at USD 1.7823. PLUS had announced a buyback programme of add.....
What significant factors led JTC to acquire INDOS for around £12.5 million?
February 16, 2021 02:11 PM GMT| By Hina ChowdharySummary JTC Plc had shown an increase of 15.2% in its revenue during H1 FY20. JTC would acquire INDOS for around £12.5 JTC had a cash conversion ratio of 108% as of 30 June 2020. JTC had expected to deliver 8%-10% revenue growth during .....
What’s Brewing Up At 3i Group Plc Counter?
February 15, 2021 10:40 AM GMT| By Hina ChowdharySummary 3i Group Insiders have been quite active in the market and have bought nearly £60 million of shares in last twelve months. Simon Borrows, CEO and Executive Director of 3i Group, bought £59 million worth of shares in last one.....
How Arrow Global’s new sustainability head will drive its ESG practices
February 13, 2021 10:13 AM GMT| By Kunal SawhneySummary Arrow Global announced the appointment of new group head of sustainability, Paul Woods. The news comes just days after the company announced it was considering a takeover bid offer from private equity compa.....
Is Phoenix Group Holdings striking a deal with Standard Life Aberdeen?
February 12, 2021 10:53 AM GMT| By Team Kalkine MediaScotland-based global investment company Standard Life Aberdeen PLC (LON: SLA) is in talks to sell its 200-year-old flagship brand Standard Life to life insurance company Phoe.....
Why HSBC's Decision to Freeze Accounts of Hong Kong Activist Is in Mid of a Debate
February 09, 2021 07:18 AM GMT| By Team Kalkine MediaSummary Around 50 parliamentarians from all over the world have urged the bank to repeal the decision of freezing accounts. The political leaders said the bank had compromised on its client’s private property rights and assets without any.....
Warehouse REIT and Distribution Finance announce fundraising plans
February 05, 2021 02:46 PM GMT| By Kunal SawhneySummary Warehouse REIT and Distribution Finance have separately announced fundraising plans. The companies are expected to raise up to £45.9 million and £40 million, respectively. Following the announcements, the shares of War.....
Metro Bank increasing its foothold in B2B lending space
February 03, 2021 02:18 PM GMT| By Hina ChowdharySummary Metro Bank has been successful in acquiring a portfolio of loans at par value on 2 February. The shares of the bank rose in Tuesday’s trading session by 4.03 per cent. After announcing its intentions to acqu.....
What factors caused Paragon Banking Group to report a decline in lending volumes during the first quarter of FY21?
February 02, 2021 03:05 PM GMT| By Kunal SawhneySummary Paragon Banking Group Plc had reported a marginal reduction of 1% in its revenue during FY20 ended on 30 September 2020. The specialist buy-to-let volumes were declined by £110.8 million to £298.7 million during Q1 FY21. Th.....
London Stock Exchange (LON: LSEG) Completes Refintiv Deal
January 29, 2021 01:30 PM GMT| By Hina ChowdharySummary The London Stock Exchange has successfully completed its $27-billion deal with Refinitiv, as it aspires to transform into a major financial data provider. This acquisition would empower and transform the London Stock Exchange, which re.....
FCA asks biggest retail banks not to close branches
January 29, 2021 09:03 AM GMT| By Team Kalkine MediaSummary The Financial Conduct Authority has asked the banks to rethink over their decision of branch closures. HSBC announced it would be closing 82 branches this year. The fears that vulnerable customers would not.....
Volatile Bitcoin Plunges 11%, Ethereum Reclaims US$-1200 Mark
January 23, 2021 01:51 AM AEDT| By Hina ChowdharyBitcoin continued displaying volatility, dipping by 10.8 per cent on Friday morning. The virtual token plunged to US$ 28,845.31, after opening at US$ 32340.44*. The fall came over increased regulation concerns on cryptocurrencies. This also reflec.....
What significant factors led the IG Group Holdings to announce the acquisition deal worth USD 1 billion?
January 22, 2021 01:07 PM GMT| By Team Kalkine MediaSummary IG Group Holdings Plc had reported a record increase of 67% year-on-year in its net trading revenue during H1 FY21 ended on 30 November 2020. The profit before tax had witnessed an excellent jump of 129% during the period. The Group ha.....
HSBC (LON: HSBA) to Shut Its Main Branches in Scotland
January 20, 2021 12:20 PM GMT| By Hina ChowdharySummary Footsie-listed banking giant HSBC Holdings Plc may close two of its main branches in Scotland. The deserted high streets in the wake of lockdown have led to a steep decline in footfall of consumers in bank branches. HSBC (LON: HSB.....
Planning to Visit HSBC? Do Wear A Face Mask or Else Your Account Can Be Withdrawn
January 14, 2021 06:51 AM GMT| By Team Kalkine MediaSummary Customers are supposed to wear masks and observe safe distancing protocols while visiting bank branches. Flouting of rules could lead to account closures and attract penalties. Footsie listed banking & financial services compan.....
What led to Hipgnosis Songs Fund Ltd making acquisitions of several music catalogues?
January 06, 2021 02:36 PM GMT| By Team Kalkine MediaSummary Hipgnosis Songs Fund Ltd had reported a surge of approximately 93% in its net operating income during H1 FY21. The Company had acquired 63 new catalogues during the six-month period ended on 30 September 2020. The Company had ann.....
What made Countrywide accept a £134 million cash offer from Connells Limited?
January 05, 2021 02:52 PM GMT| By Hina ChowdharySummary Countrywide Plc had reported a contraction in revenue of 28.0% during H1 FY20. The loss of the Company from continued operations was £40.1 million during H1 FY20. The Company had agreed on the recommended cash offer of approximat.....
