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Financial
Sabadell owned TSB once again on the block
November 28, 2020 11:52 AM GMT| By Kunal SawhneySummary Spanish owner of TSB is mulling over selling the UK bank Banco Sabadell, the owner, stated that it was focusing on a new strategy by prioritising its domestic Spanish business The Spanish owner of TSB has prompted speculation of se.....
How would Amigo Holdings recover from weaker lending activity due to Covid-19 pandemic?
November 27, 2020 03:28 PM GMT| By Kunal SawhneySummary Amigo Holdings Plc has reported a revenue contraction of 36.5% during H1 FY21. The Company has witnessed a net loan book reduction of 33.6% to £2 million during H1 FY21. The number of customers declined by 21.0% during H1 FY21. .....
BBVA and Sabadell Put the Merger on Hold Due to Disagreement on Financial Terms
November 27, 2020 12:39 PM GMT| By Kunal SawhneySpain’s Banco De Sabadell and BBVA have put their merger on hold following disagreements on the financial terms of the deal. It was one of the major deals in the banking sector in the EU this year. The markets have not taken this news well, f.....
Royal Bank of Scotland Warns Online Selling Scams Could Peak on Black Friday
November 27, 2020 09:47 AM GMT| By Team Kalkine MediaWith the increase in online commerce in the last few months of pandemic, the frauds and scams are on the rise in the country. Several banks have been receiving complaints from their customers that they have bought and pre-paid for a product online .....
Aviva (LON: AV) to offload its Italian arm
November 24, 2020 02:17 PM GMT| By Team Kalkine MediaSummary The company will sell off its Italian arm Aviva Vita for €400 million to UBI Banca During September this year, the company sold off its Singapore business for £1.6 billion to Singlife, its local competitor These sales are a .....
IamFire Plc (LON: FIRE) Completes Significant Investments in WeShop & Bio2pure
November 24, 2020 12:52 PM GMT| By Team Kalkine MediaSummary IamFire Plc is an investment issuer listed on the AQSE Growth Market Exchange with the ticker, AQSE: FIRE. IamFire Plc focuses on identifying opportunities in technology, life sciences, and natural resources. Two recently concluded inv.....
How Are Insurance Stocks Reacting to FCA Charges of Escaping Liability for Pandemic-Related Business Losses?
November 18, 2020 02:59 PM GMT| By Team Kalkine MediaSummary The Financial Conduct Authority has told the UK Supreme Court that UK based insurers are violating the essence of insurance Insurance companies are reluctant to settle Covid-19 claims as settling these claims would cost them a huge amou.....
Clean Energy Push: Aviva Launches One of The UK’s Biggest Solar Energy Carport
November 17, 2020 02:30 PM GMT| By Hina ChowdharySummary Aviva’s solar project in Perth to be the UK’s biggest solar energy carport and battery facility The project has received £1.5 million of Scottish Government funding A survey states that 64 per cent of Scottish people .....
Aviva PLC (LON: AV.) Launches Abridged Advice Service
November 16, 2020 04:44 PM GMT| By Hina ChowdharySummary Aviva PLC has launched an abridged advice service to help customers who are considering transferring out of their defined benefit pension This will help close the advice gap and will also help in avoiding long procedure for seeking sugg.....
Is Sainsbury’s Bank Going to Be the First Major Acquisition of Natwest Since Its 2008 Bailout?
November 14, 2020 07:07 AM GMT| By Kunal SawhneySummary NatWest Group PLC is planning for a potential takeover of Sainsbury’s Bank The last major deal by the Group was the takeover of ABN Amro in 2007 which was worth £49 billion, which had ultimately led to weakening of the banki.....
FTSE 100’s Oldest Insurer RSA Receives A £7 Billion Takeover Bid
November 07, 2020 09:32 AM GMT| By Kunal SawhneySummary The Company received a £7 billion takeover proposal from Intact and Tryg The operating landscape of insurers remain highly volatile with the continuing uncertainty of the Covid-19 pandemic RSA shares have risen over 50 per cent i.....
Provident Financial Shares Jump 4% After Reporting Growth in Q3 Business
November 04, 2020 03:01 PM GMT| By Kunal SawhneySummary The customer spends at Vanquis Bank, a subsidiary of Provident Financial, rose nearly by 31 per cent in the July-September quarter The stock of Provident Financial gained as much as 4.37 per cent to hit a one-month high of GBX 243.60 on.....
Barclays And Natwest Group in Focus as Business Borrowing from Banks Surge Fivefold
November 03, 2020 11:30 AM GMT| By Team Kalkine MediaSummary Net borrowings by the businesses in the UK has gone up drastically amid the pandemic Banks are under pressure as they provided payment holidays and waived ancillary charges In the present scenario, the banks need to roll-out sector-sp.....
Second Lockdown: Mortgage Holidays Are Set To Be Extended For Next Six Months
November 02, 2020 04:56 PM GMT| By Team Kalkine MediaSummary The Financial Conduct Authority (FCA) is expected to make an official announcement and propose updates on the same shortly The further extension of the financial rescue package will help those facing extended furlough or ongoing pr.....
Is It A Good Idea to Invest in Financial Stocks for Upcoming Year?
October 30, 2020 06:57 PM GMT| By Team Kalkine MediaSummary Adding financial stocks in the portfolio is one of the popular investment strategies amongst investors. Investors with lesser risk appetite can consider these stocks for their portfolio SVE, BRH, and CMCX have delivered triple-digit p.....
NatWest Post Profit for Q3 2020, CEO Warns of Challenging Times Ahead
October 30, 2020 01:49 PM GMT| By Kunal SawhneySummary NatWest reported a pre-tax profit of £355 million for Q3 2020 and a profit attributable to shareholders of £61 million The net interest margin of 1.65 per cent was 2 basis points lower than the previous quarter The impairme.....
Standard Chartered and HSBC witness a slump in profits
October 30, 2020 08:17 AM GMT| By Team Kalkine MediaSummary Standard Chartered reported a 40 per cent fall in its underlying profits during the Q3 of 2020. HSBC reported a 46 per cent decline in its reported profit after tax for Q3 2020. Lower interest rates continued to impact StanChart’.....
Two FTSE Listed Small Cap Stocks Trending on LSE: Augmentum Fintech and Vast Resources
October 27, 2020 04:54 PM GMT| By Team Kalkine MediaSummary Augmentum Fintech Plc's NAV per share increased by 6.50 pence in FY20. Company has announced the fundraising of £28 million. Vast Resources Plc raised £1.75 million through the placement of new shares. Port delivery of cop.....
HSBC Indicate Dividend Payment amid Regulators Consideration of Letting Banks Pay Dividend
October 27, 2020 01:14 PM GMT| By Kunal SawhneySummary Industry regulators might allow banks to recommence shareholder returns from next year provided their loss-absorbing capital buffer remains intact Adequate capital against risk weighted assets and increased lending has been made pre-req.....
L&G exits personal investing business, sells it to Fidelity
October 26, 2020 04:15 PM GMT| By Team Kalkine MediaSummary Legal & General Group has agreed the sale of its personal investing business arm to Fidelity International. The deal worth £6 billion could bring in a change in the account administration. The deal between L&G and Fidelit.....
