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Financial
Saga Enters Strategic Partnership with Ageas Following Underwriting Unit Sale
December 17, 2024 02:36 AM AEDT| By Team Kalkine MediaHighlights:,Strategic Shift:,Saga PLC confirms sale of its underwriting business to Ageas and a 20-year insurance partnership.,Financial Boost:,Deal includes upfront payment of £80 million, plus performance-based incentives.,Focus on Core Operations:...
Concurrent Technologies Secures $3.33Mn Order from US Defense Contractor
December 16, 2024 07:17 PM AEDT| By Team Kalkine MediaHighlights,Concurrent Technologies has received a $3.33 million purchase order for a VME standard product computer board from a US defense prime contractor.,The order is for delivery in the first half of 2025 and will support both new military platfo...
Saga and Ageas Forge Long-Term Partnership in Motor and Home Insurance
December 16, 2024 07:15 PM AEDT| By Team Kalkine MediaHighlights,Saga and Ageas have entered a 20-year Affinity Partnership, combining Saga’s customer base and marketing expertise with Ageas’s UK insurance operations.,Ageas will acquire Saga’s Insurance Underwriting business, Acromas Insurance Company L...
TP ICAP Group’s (LON:TCAP) Impressive Growth and Shareholder Returns
December 16, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,TP ICAP Group (TCAP) has delivered 127% total shareholder return (TSR) over three years.,The company’s share price has risen 86% over the past three years, outpacing the market.,Recent performance includes a 49% return in the last year, in...
Cordiant Digital Infrastructure Chairman Increases Stake with Significant Share Purchase
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Chairman adds one million shares:,Steven Marshall acquires shares at an average price of 90.7p, boosting his total holding.,Directors’ ownership reaches 1.95%:,Combined holdings of directors and the Investment Manager underscore confidenc...
UK Mortgage Rates Drop for Third Week Running as Major Lenders Adjust Offers
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Mortgage rates continue to fall:,Average two-year fixed-rate mortgage dropped from 5.4894% to 5.4685% this week.,Santander and Barclays lead cuts:,Santander reduced rates on over 70 products, with Barclays and others following suit.,Optim...
Impax Asset Management Hit by Loss of Major St James’s Place Mandate
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,Impax Asset Management loses £5.2 billion St James’s Place mandate.,Annualised revenue impact estimated at £12.7 million.,SJP cites diversification of investment styles as reason for termination.,Impax Asset Management (LSE:IPX) experienc...
WH Ireland Faces Continued Challenges Despite Strategic Adjustments
December 13, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,WH Ireland reports a £1.32 million loss for the half-year ending September 2024, reflecting a challenging market environment.,Revenue falls to £8.5 million, with the sale of the capital markets division contributing £3.2 million.,Assets u...
Fidelity European Trust (LON:FEV) Records Slight Gains Amidst Lower Trading Volume
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Modest Increase,Fidelity European Trust (FEV) shares edged up 0.1% during Thursday’s trading session.,Lower Volume,The trading volume fell by 46%, with 325,507 shares exchanged, below the average of 600,084.,European Focus,The trust specia...
Metro Bank (LON:MTRO) Records a 0.5% Decline in Share Price
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Shares dip modestly,Metro Bank Holdings PLC (MTRO) shares fell 0.5%, closing at GBX 92.,Trading volume drops sharply,Only 355,004 shares exchanged hands, 77% below the daily average.,Insider activity noted,Insider Robert Sharpe recently so...
Close Brothers Group (LON:CBG) Shares Fall Below 200-Day Moving Average
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Close Brothers Group (CBG) stock crosses below its 200-day moving average.,Shares reached a low of GBX 238.80 before closing at GBX 240.40.,The company’s 50-day moving average stands at GBX 271.32.,Close Brothers Group (LON:CBG) Stock Decl...
Barclays (LON:BARC) Maintains Strong Market Position as JPMorgan Chase & Co.
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,JPMorgan Chase & Co. reiterates "Overweight" rating for Barclays (BARC).,Analysts have a target price of GBX 350, suggesting a potential 29% upside.,Barclays has maintained solid performance with a market cap of £39.28 billion.,Barclays (L...
Personal Group (LON:PGH) Navigating Market Dynamics Amid Slight Stock Decline
December 13, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Stock performance dips 1.5%,Personal Group (PGH) recorded a 1.5% drop during Thursday's trading.,Dividend growth reflects stability,The company recently increased its dividend payout, maintaining its appeal among stakeholders.,Insider tran...
Aviva plc (LON:AV) Financial Strength Amid Market Weakness
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Solid ROE Performance,Aviva’s return on equity (ROE) aligns with industry standards at 14%, indicating efficient profitability.,Earnings Decline Raises Questions,Despite strong financial indicators, net income has declined by 42%, outpacin...
International Personal Finance plc (LON:IPF) Faces 0.4% Decline Amid Diminished Trading Volume
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,International Personal Finance (LON:IPF) sees a 0.4% dip in stock price.,Trading volume drops significantly by 56% compared to average daily levels.,Key financial metrics, including debt-to-equity ratio, reflect stability concerns.,On Wedn...
Orchard Funding Group plc (LON:ORCH) Low P/E Ratio Highlights Growth Potential and Challenges
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Orchard Funding Group (LON:ORCH) trades with a low P/E ratio of 3.5x, signaling market caution.,Earnings per share (EPS) grew 88% over three years despite a 7.8% dip in the last year.,Market sentiment appears wary of earnings stability, ke...
HarbourVest Global Private Equity (LON:HVPE) Shares Show Modest Gain Amid Steady Performance
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,HarbourVest Global Private Equity (HVPE) saw a 0.4% increase in stock price.,The company’s share price closed at GBX 2,495 following a high of GBX 2,495.20.,Trading volume was significantly lower, with a 52% drop from the usual session vol...
Henderson Opportunities (LON:HOT) Faces Mild Decline Amid Rising Trading Volume
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Henderson Opportunities (HOT) stock drops 0.2% on Wednesday.,Trading volume surged 199% above the average daily volume.,The company’s stock shows a slight dip, despite increased trading activity.,Henderson Opportunities Trust plc (LON:HOT)...
Fidelity China Special Situations (LON:FCSS) Faces Modest Decline Amid Slower Trading Activity
December 12, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Fidelity China Special Situations (FCSS) shares dropped by 0.5% during mid-day trading.,Trading volume fell by 18%, reflecting a slowdown in market activity.,The stock has a market capitalization of £1.04 billion with a high P/E ratio of 4...
Klarna Fined £36 Million for Breaching Anti-Money Laundering Guidelines
December 11, 2024 10:26 PM AEDT| By Team Kalkine MediaHighlights:,Klarna Group fined 500 million Swedish krona for deficiencies in anti-money laundering compliance.,Swedish financial regulator cited gaps in customer due diligence and risk assessments.,Klarna acknowledges findings stem from a routine rev...
AI on the Rise: A Look at Top AI Companies and Their Stocks