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Financial
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...
Paragon Banking Group Focuses on Digital Transformation in FY24, Sets Foundation for Growth in FY25
December 03, 2024 09:50 PM AEDT| By Team Kalkine MediaHighlights,Strong Financial Performance:,Operating profit rose 5.4% to £292.7 million, with EPS up 7.3% to 101.1p and net interest margin improving to 316 basis points.,Solid Lending Growth:,Total lending reached £2.73 billion, supported by a 48.2% i...
BlackRock Smaller Companies (LON:BRSC) Stock Update and Dividend Announcement
December 03, 2024 07:10 PM AEDT| By Team Kalkine MediaHighlights,BlackRock Smaller,Companies,(BRSC) shares declined 0.1%, closing at GBX 1,366.,The company announced a dividend of GBX 15.50 to be paid on December 4th.,BlackRock Smaller Companies focuses on a diverse portfolio across UK equities.,BlackRo...
Intuitive Investments Group (LON:IIG) Sees a 1.2% Rise Amid Lower Trading Volume
December 03, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights,Stock Increase Noted,Intuitive Investments Group PLC (IIG) experienced a 1.2% uptick on Monday, closing at GBX 124.50.,Trading Volume Declines,Total shares traded dropped by 57% compared to the average session volume.,Focus on Life Science...
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Paragon Banking Group Defies Buy-to-Let Concerns with Robust Profit Growth and Optimistic Outlook
December 03, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,27% Profit Growth:,Paragon Banking Group reported a substantial 27% increase in pre-tax profits, reaching £254 million for the year ending September 2024.,Confidence in Buy-to-Let Market:,Despite challenges in the sector, the group mainta...
Valereum Expands into El Salvador with Key Appointment to Drive Digital Asset Growth
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Appointment:,Carmen Elena Ochoa named Head of El Salvador for Valereum’s tokenised securities and digital assets marketplace, VLRM Markets.,Expert Leadership:,Ochoa brings over a decade of financial services experience, includin...
Tavistock Investments Embarks on Strategic Transition with Key Divestment and Acquisition
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaTavistock Investments Repositions Strategy with Key Disposal and Acquisition,Highlights:,Strategic Shift:,Tavistock Investments transitions from financial adviser network to focus on asset management services for consumers and regulated firms.,Key Ac...
UK Insurers to Benefit from Revised Ogden Rate Effective January 2025
December 02, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights:,Ogden Rate Update Announced:,The discount rate will increase to -0.5% starting January 2025, reducing insurers’ payouts on personal injury claims.,Review Conducted by Labour’s Lord Chancellor:,Shabana Mahmood's review considers evidence f...
UK Regulators Weigh Change to Economic Data Release Times Amid Market Volatility Concerns
December 02, 2024 09:53 PM AEDT| By Team Kalkine MediaHighlights:,Proposal for Later Releases:,Regulators are evaluating shifting economic data releases from 7am to market hours to reduce pre-market volatility.,Industry Concerns:,Institutional investors argue early releases create unnecessary market dis...
Tesla, BlackRock, and Industry Giants: A Look at Recent Market Movements and Strategic Moves
December 02, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights,Tesla shares have surged following political and strategic developments tied to CEO Elon Musk.,BlackRock nears a deal to acquire private credit firm HPS Investment Partners, continuing its acquisition spree.,The EV market sees intensified...
IntegraFin Reaches 12-Month High Key Insights into Performance and Market Trends
November 29, 2024 10:08 PM AEDT| By Team Kalkine MediaHighlights,IntegraFin shares hit a 52-week high, trading at GBX 397.18.,Analysts have set a target price of GBX 400, with a mixed outlook.,The company operates through Transact and Time4Advice platforms, offering investment solutions to UK financial...
Bank of England Flags Clearing House Vulnerabilities in Latest Stress Test
November 29, 2024 09:30 PM AEDT| By Team Kalkine MediaHighlights:,Increased Losses Noted:,Major UK clearing houses reported larger losses in the latest Bank of England stress test compared to the previous year.,Resilience Maintained:,Despite vulnerabilities, ICE Clear Europe, LCH Ltd, and LME Clear Ltd...
Bitcoin Stabilizes After Volatile Week Amid Post-Election Market Dynamics
November 29, 2024 09:30 PM AEDT| By Team Kalkine MediaHighlights:,Sharp Midweek Volatility:,Bitcoin experienced a sharp 6% drop early in the week, followed by a 4.2% rally, before stabilizing near the $96,000 mark.,Post-Election Bull Run:,A pro-crypto platform from President-elect Donald Trump helped pu...
Mortgage Approvals Hit 14-Month High Amid Lower Borrowing Costs
November 29, 2024 09:26 PM AEDT| By Team Kalkine MediaHighlights:,Mortgage Approvals Reach High:,October saw 68,300 mortgage approvals, the highest since August 2022.,Interest Rates Decline:,The effective interest rate on new mortgages fell to 4.61%, the lowest since May 2023.,Net Borrowing Increases:,M...
Peel Hunt Reports Recovery Despite Market Uncertainty Post-Budget
November 29, 2024 07:44 PM AEDT| By Team Kalkine MediaHighlights:,Improved Core Business:,Peel Hunt's equity capital markets performance showed significant recovery, boosted by M&A advisory and equity fundraising fees.,Budget Uncertainty Dampens Momentum:,Anxieties surrounding Labour's Budget stifled ma...
Gresham House Energy Storage Fund Announces Three-Year Plan, Targets 116% Rise in Installed Capacity by 1Q 2025
November 29, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights,Strong Financial Outlook,: GRID expects a 116% increase in installed capacity by Q1 2025 and projects £45 million in EBITDA for 2025, with two-thirds contracted.,Ambitious Three-Year Growth Plan,: Targeting £150 million in EBITDA by 2027,...
Peel Hunt Impressive Revenue Growth in H1 FY25 Reflects Positive Macroeconomic Trends
November 29, 2024 06:33 PM AEDT| By Team Kalkine MediaHighlights,Peel Hunt’s H1 FY25 revenue rose by 26%, reaching £53.8 million, with a return to profitability.,The company’s investment banking division saw significant growth, with revenues increasing to £22.6 million and notable client wins.,Cash bala...
Renewi Confirms Preliminary Agreement on Acquisition Terms with Macquarie Asset Management
November 28, 2024 10:00 PM AEDT| By Team Kalkine MediaHighlights,Final Offer Details:,Macquarie offers 870 pence per Renewi share, a 57% premium to Renewi’s closing share price on 27 November 2024.,Macquarie’s Plans for Renewi:,Macquarie intends to support Renewi’s strategy, sustainability goals, and em...
Direct Line Sees Surge Following Rejection of Aviva's $4.16 Billion Bid
November 28, 2024 07:56 PM AEDT| By Team Kalkine MediaHighlights:,Direct Line Insurance rejects a £3.28 billion takeover offer from Aviva, citing undervaluation.,Direct Line shares surged by over 36% in early trading, while Aviva's shares declined.,The takeover offer must be finalized or withdrawn by De...
Barclays Fined £40m for Issues Related to 2008 Capital Raising
November 28, 2024 07:29 PM AEDT| By Team Kalkine MediaHighlights:,Barclays has been fined £40 million for misconduct related to its 2008 capital raising activities.,The fine is issued due to failures in the bank's handling of its disclosure during the fundraising process.,This penalty reflects ongoing s...
AI on the Rise: A Look at Top AI Companies and Their Stocks