Financial

Molten Ventures (LON:GROW) Faces Mixed Sentiment Despite Berenberg Bank Support
December 06, 2024 08:43 PM AEDT| By Team Kalkine MediaHighlights,Berenberg Bank maintains its “buy” rating for Molten Ventures (GROW).,The company’s stock price has declined by 6.5% recently, despite positive analyst sentiment.,Insider purchases suggest confidence in the company’s future.,Molten Venture...

Paragon Banking Group PLC (LON:PAG) Reports Solid Full-Year Results
December 06, 2024 08:36 PM AEDT| By Team Kalkine MediaHighlights,Paragon Banking Group PLC (PAG) reports revenues of £496m and earnings per share of £0.85, meeting market expectations.,Earnings per share forecasts for 2025 are slightly revised down, but revenue estimates remain stable.,The consensus pri...

Aviva to Acquire Direct Line Insurance Group PLC in Landmark £4 Billion Deal
December 06, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights,Aviva offers 275p per share for Direct Line, comprising cash, shares, and a potential dividend payment.,The offer represents a 73.3% premium to Direct Line’s share price as of November 27.,Direct Line shareholders to hold 12.5% of the enla...

UNICORN AIM VCT Announces Interim Dividend of 11.7 pence, Shares Optimistic Outlook
December 06, 2024 06:48 PM AEDT| By Team Kalkine MediaHighlights,Dividends,: Total ordinary dividends of 18.2 pence per share, including a special interim dividend of 11.7 pence and a proposed final dividend of 3.5 pence.,New Offer for Subscription,: £19.5 million raised, with a new £25 million Offer fo...

Mercia Asset Management PLC (AIM: MERC) Announces £4.0 Million Follow-on Investment in Netacea Group Limited
December 06, 2024 06:47 PM AEDT| By Team Kalkine MediaHighlights:,Mercia Asset Management announces £4.0 million investment in AI software firm Netacea.,Investment split across two tranches, with £3.1 million from Mercia’s balance sheet.,Netacea will use funds to enhance its defensive AI solutions for b...

London Stock Exchange Group Reaches 12-Month High Amid Strong Trading Activity
December 06, 2024 12:57 AM AEDT| By Team Kalkine MediaHighlights,London Stock Exchange Group (LSEG) hits a new 52-week high of £114.35.,Insider activity shows sale of shares worth £2.7 million by an executive.,The company’s market cap stands at £60.7 billion, with notable financial metrics.,Shares of Lo...

London Stock Exchange Group (LON:LSEG) Hits New 52-Week High
December 05, 2024 10:04 PM AEDT| By Team Kalkine MediaHighlights,New 12-Month High,Shares of London Stock Exchange Group plc (LON:LSEG) reached £114.35, marking a fresh 52-week high.,Steady Momentum,The stock recorded a slight increase of 0.1% during trading, supported by stable financial indicators.,In...
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AJ Bell Reports 45% Rise in AUM in FY24, Revenue Jumps 23%
December 05, 2024 07:18 PM AEDT| By Team Kalkine MediaHighlights,Record Revenue Growth:,Revenue surged 23% to £269.4 million, with profit before tax (PBT) up 29% to £113.3 million.,Shareholder Rewards:,A 16% dividend increase and a £30 million share buyback programme announced.,Operational Milestones:,R...

Schroders (LON:SDR) Examining the Challenges Behind the Decline
December 05, 2024 06:38 PM AEDT| By Team Kalkine MediaHighlights,Schroders (SDR) experienced a 48% share price drop over three years, underperforming the broader market.,Earnings per share (EPS) declined by 11% annually, exceeding the rate of the share price fall.,Total shareholder return (TSR) over thr...

EMV Capital Announces Oversubscribed Fundraising, Raising £1.5 Million
December 05, 2024 06:05 PM AEDT| By Team Kalkine MediaHighlights,Successful Fundraising:,EMV Capital raises £1.5 million through an oversubscribed Subscription and Retail Offer at £0.50 per share.,Related Party Participation:,Non-Executive Chair Charles Spicer and Executive Director Ed Hooper participat...

F&C Investment Trust Reaches New 52-Week High Amid Strong Momentum
December 04, 2024 11:35 PM AEDT| By Team Kalkine MediaHighlights,New Milestone Achieved,F&C Investment Trust (FCIT) hits a 52-week high, reflecting robust market performance.,Stable Financial Ratios,The trust maintains a strong financial position, supported by healthy liquidity and low beta.,Dividend De...

Kingswood (LON:KWG) Shares Decline 4.2% – A Closer Look at Recent Performance
December 04, 2024 10:49 PM AEDT| By Team Kalkine MediaHighlights,Kingswood Holdings Limited (KWG) saw a 4.2% drop in share price on Tuesday.,The trading volume plummeted by 100%, indicating weak market participation.,Kingswood’s stock has shown mixed performance with a negative P/E ratio.,Kingswood Hold...

Sabre Insurance Group (LON:SBRE) Shares Rise 0.2% - Market Activity Update
December 04, 2024 10:44 PM AEDT| By Team Kalkine MediaHighlights,Sabre Insurance Group (SBRE) shares rise by 0.2% during Tuesday’s trading.,Trading volume decreased by 29%, reflecting lower market activity.,Insider transactions indicate increased confidence in the company.,On Tuesday, Sabre Insurance Gr...

Premier Miton Acheives 9% Rise in AUM in FY24, Despite Challenging Investment Market
December 04, 2024 08:56 PM AEDT| By Team Kalkine MediaHighlights,Assets under Management (AuM) rose by 9% to £10.7 billion as of 30 September 2024, reflecting a strong recovery in market conditions.,Adjusted profit before tax stood at £12.2 million, despite challenging market outflows earlier in the yea...

NatWest Group PLC (LSE:NWG) Eyes Strategic Acquisitions to Bolster Growth
December 04, 2024 01:42 AM AEDT| By Team Kalkine MediaHighlights,NatWest CEO Paul Thwaite signals interest in acquisitions to leverage excess capital.,Focus remains on "strategically congruent" and "financially compelling" deals.,Government stake sale expected in the first half of 2025 marks a milestone...

Berenberg Raises Direct Line Insurance Target Price Amid Aviva's Takeover Interest
December 04, 2024 12:08 AM AEDT| By Team Kalkine MediaHighlights:,Target Price Upgrade:,Berenberg increases Direct Line Insurance's target price from 215p to 270p following Aviva's non-binding offer.,Consolidation Prospects:,Analysts foresee market consolidation, potentially leading to improved margins...

Ondo InsurTech Reports Significant Growth and Expands LeakBot’s Reach in the US and Europe
December 04, 2024 12:08 AM AEDT| By Team Kalkine MediaHighlights:,Revenue Growth:,Ondo InsurTech posted a 42% increase in revenue, reaching £1.7 million for the six months ending September 30.,US Market Progress:,The deployment of 7,500 LeakBot devices across four states is projected to save $2 million...

Legal & General Group Plc (LON:LGEN) Insider Purchases Shares Amid Market Performance
December 03, 2024 11:50 PM AEDT| By Team Kalkine MediaHighlights,Legal & General Group insider Henrietta Baldock buys 1,118 shares at an average price of GBX 221 ($2.80).,Stock opens at GBX 223.50 ($2.83), with a 1-year low of GBX 211.40 ($2.68) and a high of GBX 259 ($3.28).,Analysts maintain a “Modera...

UK Entertainment and Hospitality Spending Surges in November Amid Cold Snap
December 03, 2024 10:37 PM AEDT| By Team Kalkine MediaHighlights,Entertainment spending rose 10.8% in November, driven by blockbuster cinema releases.,Hospitality and leisure spending increased 4.7%, with festive gatherings fueling growth.,Retail spending contracted by 2%, marking the lowest growth sinc...

Revolut (Private)'s Founder Highlights Challenges of a London IPO Amid UK-US Listing Disparities
December 03, 2024 10:37 PM AEDT| By Team Kalkine MediaHighlights,Revolut founder critiques the UK listing regime, citing cost and inefficiency.,Prefers US markets for their liquidity and streamlined listing processes.,Public listing remains a strategic option for providing existing shareholders with an...
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