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How will MJ Hudson Group perform post-acquisition initiatives been taken lately?
December 31, 2020 06:17 AM GMT| By Kunal SawhneySummary MJ Hudson Group Plc had reported a 22% surge in its underlying revenue during FY20. The Company had made a total of three acquisitions during FY20. The revenue of Data & Analytics business segment had delivered an exceptional growt.....
How will MJ Hudson Group perform post-acquisition initiatives been taken lately?
December 31, 2020 06:14 AM GMT| By Team Kalkine MediaSummary MJ Hudson Group Plc had reported a 22% surge in its underlying revenue during FY20. The Company had made a total of three acquisitions during FY20. The revenue of Data & Analytics business segment had delivered an exceptional growt.....
What led to British Land Company selling its portfolio of £401 million in the West End?
December 29, 2020 03:00 PM GMT| By Kunal SawhneySummary British Land Company Plc had reported a decline of 21.4% in its net rental income during H1 FY21. The valuation of its entire portfolio of the Company went down by 7.3% as of 30 September 2020. The Company had sold its 75% interest in .....
5 Top Bank Stocks to Watch in 2021
December 28, 2020 12:58 AM GMT| By Kunal SawhneyThe economy is made up of transactions, which often emerge or pass through a financial intermediary such as banks. A bank in many ways is a more complex business than it seems. This business has been in existence since ages and has seen a lot of re.....
Gresham House Energy (LON: GRID) mulling to acquire 30 MW Battery Project in Scotland
December 26, 2020 12:47 AM GMT| By Kunal SawhneySummary Gresham House Energy Storage Fund Plc is mulling to acquire Byers Brae project The 30 MW battery-only project, Byers Brae is expected to be commissioned by the second quarter next year. The UK's largest op.....
Duke Royalty Ltd (LON: DUKE) invests an additional EUR1.1 million into BHPC Ltd
December 26, 2020 12:43 AM GMT| By Kunal SawhneySummary Duke Royalty Limited announced that it had made a follow-on investment of EUR 1.1 million into BHPC Ltd, its existing royalty partner The AIM-listed financial provider said that the current investment would facilitate BHPC’s growt.....
Christmas jubilation: This FTSE 100 stock returned 100% in 1 year
December 22, 2020 11:17 AM GMT| By Team Kalkine MediaSummary A large-cap FTSE 100 share has vastly outperformed the benchmark index returning more than 100 per cent in 2020 The stock has massive uptick from the bottoms recognised during the pandemic-led stock market crash The present c.....
Metro Bank (LON: MTRO) Surges To 10-Month High as Natwest (LON: NWG) Agrees to Buy Mortgage Portfolio
December 21, 2020 02:54 PM GMT| By Team Kalkine MediaSummary Shares of Metro Bank advanced more than 33 per cent on Monday following the £3.1-billion deal with NatWest Group. The stock of NatWest Group plunged nearly 7 per cent after the bank reported a possible reduction in CET1 ratio afte.....
Barclays Plc (LON: BARC) Fined £26 Million By FCA For Mistreating Customers
December 21, 2020 07:10 AM GMT| By Team Kalkine MediaSummary The Financial Conduct Authority has slapped the UK’s leading bank with £26 million fine for mistreating its customers. Barclays exerted undue pressure on customers to prioritise its debt over their inability to pay back loan.....
How would Shaftesbury recover from the crisis after London moved into Tier 3 restrictions?
December 16, 2020 02:24 PM GMT| By Team Kalkine MediaSummary Shaftesbury Plc has reported a loss after tax of £699.5 million during FY20. The net property income of the Company was plunged by 24.2% to £74.3 million during FY20. The Company has collected just 53% of contracted rent fo.....
Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK
December 13, 2020 12:47 AM GMT| By Hina ChowdharyThe British Supreme Court has allowed the initiation of a first-class action suit against payments company Mastercard for overcharging customers. The company has been accused of overcharging of nearly 46 million people in Britain over a pe...
BoE Permits Banks to Pay Dividends and Buyback Shares but Within Limits
December 12, 2020 08:07 AM GMT| By Hina ChowdharySummary Bank of England has relaxed its earlier advice to suspend dividends and share buy-backs for the banks The decision of BoE came after The Prudential Regulation Authority, BOE’s arm that oversees the banking sector conducted two str.....
Zurich Insurance (SWX: ZURN) to buy MetLife’s (NYSE: MET) US unit for $3.94 bn
December 11, 2020 01:03 PM GMT| By Hina ChowdharySummary Zurich Insurance Group has agreed to buy the US property and casualty (P&C) business of MetLife Inc Both Zurich Insurance Group and MetLife have agreed on a deal size of $3.94 billion Zurich Insurance Group shares slipped 2.13 per .....
What is the performance of recent investments made by Impax Environmental Markets PLC?
December 09, 2020 02:03 PM GMT| By Team Kalkine MediaSummary Impax Environmental Markets Plc has reported NAV per share, including current financial year revenue items of 387.50 pence. The Company is having a current portfolio valued at 2.9x P/B as of 30 June 2020. The Company has underperformed.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 12:44 PM GMT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
SocGen to merge bank networks, expects to save €450 mn by 2025
December 07, 2020 03:34 PM GMT| By Hina ChowdharySummary Société Générale SA has announced that it will be merging two of its retail banking networks This will result in saving more than €450 million by 2025 in total The amalgamated retail unit will serve abo.....
UOB Employs New Artificial Intelligence Tool for Tracing Financial Crime
December 07, 2020 08:59 AM GMT| By Team Kalkine MediaSummary United Overseas Bank Limited is tracking financial crime in its system with the help of a new artificial intelligence solution UOB said the new artificial intelligence had demonstrated a largely true accurate prediction rate of 96 per c.....
What is the success story behind AJ Bell Youinvest platform?
December 04, 2020 02:29 PM GMT| By Kunal SawhneySummary AJ Bell Plc has reported an increase in revenue of 21.0% during FY20. The customer retention rate remained high and stood at 95.5% for FY20. The increase in new customers have witnessed record growth and increased by 27%. AJ Bell .....
Lloyds Bank’s Horta-Osório proposed as next chairman of Credit Suisse
December 01, 2020 11:11 AM GMT| By Kunal SawhneySummary Credit Suisse has proposed António Horta-Osório, Lloyds Banking Group outgoing CEO, as its new chairman Horta-Osório will replace Urs Rohner who will step down in 2021 after serving Credit Suisse for 12 years The b.....
R&Q Re Ltd has signed an agreement to acquire a Vermont Bermuda-domiciled captive insurance company
November 30, 2020 05:00 PM GMT| By Kunal SawhneySummary This is the third acquisition of a captive insurance company by R&Q this year, whose clients are spread across the North America However, the deal is subject to a regulatory approval So far this year, the company has entered into s.....
