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Financial
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Line shares surged by over 36% in early trading, while Aviva's shares declined.,The takeover offer must be finalized or withdrawn by De...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...
New Chair of Schroder UK Mid Cap Fund Named: Harry Morley
November 28, 2024 07:06 PM AEDT| By Team Kalkine MediaHighlights:,Harry Morley to replace Robert Talbut as Chair of Schroder UK Mid Cap Fund PLC after February 2025 AGM.,Morley brings extensive experience with leadership roles across various industries, including asset management and finance.,Robert Tal...
Stock Price of BlackRock Greater Europe (LSE:BRGE) Falls by 1.1%
November 28, 2024 07:03 PM AEDT| By Team Kalkine MediaHighlights:,BlackRock Greater Europe shares decline by 1.1%, trading at GBX 540.,The company announces a dividend increase, with a payout of GBX 5.25 per share.,Insider purchase reported, with Sapna Shah acquiring 4,000 shares at GBX 599 each.,Shares...
Three Key Facts About Direct Line, Loungers, and Dr Martens
November 28, 2024 06:59 PM AEDT| By Team Kalkine MediaHighlights:,Aviva's unsolicited offer for Direct Line rejected, despite a 60% premium.,Loungers to be acquired by private equity firm Fortress in a deal with a 30% premium.,Dr Martens faces ongoing challenges, including an 18% drop in revenue and a r...
Odyssean Investment Trust Reports Robust NAV Growth Amid Volatility
November 28, 2024 06:58 PM AEDT| By Team Kalkine MediaHighlights,Strong NAV performance:,Net Asset Value (NAV) per share increased by 9.8%, outperforming broader market returns of 7.6%.,Significant asset growth:,Trust's net assets rose by 17.8%, driven by NAV gains and strategic share issuance.,M&A-driv...
Apax Global Alpha to Invest €28 Million in Evelyn Partners’ Accountancy Business
November 28, 2024 02:35 AM AEDT| By Team Kalkine MediaHighlights,Investment Commitment:,Apax Global Alpha (AGA) to invest €28 million in Evelyn Partners’ accountancy business through its stake in the Apax XI Fund.,New Brand Launch:,Evelyn Partners’ accountancy practice to rebrand as S&W, leveraging the...
Apax Funds Positioned to Acquire Evelyn Partners’ Accountancy and Advisory Business
November 27, 2024 07:47 PM AEDT| By Team Kalkine MediaHighlights:,Apax Global Alpha (AGA) commits approximately €28m in Evelyn Partners' accountancy and advisory practice.,The Apax XI fund has agreed to acquire the business, which will be rebranded as S&W.,Apax views the mid-market accountancy and advis...
Baillie Gifford UK Growth Trust (LSE:BGUK) Experiences a 0.6% Drop in Shares
November 27, 2024 07:25 PM AEDT| By Team Kalkine MediaHighlights:,Baillie Gifford UK Growth Trust's share price fell by 0.6% during mid-day trading.,Insider transactions show that key company figures have recently purchased shares.,The company has a market capitalization of £255.08 million and a high P/...
Greencoat UK Wind Moves Forward with Share Buyback Programme
November 27, 2024 06:18 PM AEDT| By Team Kalkine MediaHighlights:,Greencoat UK Wind PLC has completed a share buyback program, acquiring 228,044 ordinary shares.,The purchased shares were acquired at an average price of 126.89 pence per share.,The buyback is part of Greencoat UK Wind’s ongoing strategy...
BlackRock Throgmorton Trust Faces Market-Driven Volatility
November 26, 2024 09:39 PM AEDT| By Team Kalkine MediaHighlights:,BlackRock Throgmorton Trust PLC reports a 2.5% decline in net asset value for October due to market volatility.,The property and consumer goods sectors faced notable challenges, while industrials, such as Morgan Sindall and Ibstock, showe...
FRP Advisory Group (LSE:FRP) Passes Earnings Growth Scan with Ease
November 26, 2024 09:26 PM AEDT| By Team Kalkine MediaHighlights:,FRP Advisory Group has demonstrated strong earnings growth, with a 16% annual EPS growth rate over the last three years.,The company's EBIT margins have increased from 15% to 24% over the past 12 months, alongside rising revenues.,Insider...
Corporate Broker Position Further Strengthened
November 26, 2024 07:26 PM AEDT| By Team Kalkine MediaHighlights:,Bank of Georgia Group PLC appoints J.P. Morgan Securities as its joint Corporate Broker alongside Cavendish Capital Markets.,The appointment is effective immediately, marking a significant step in the company’s corporate strategy.,Bank of...
Kepler Draws Attention to Schroder AsiaPacific Fund's Strengths
November 26, 2024 06:42 PM AEDT| By Team Kalkine MediaHighlights:,Kepler Trust Intelligence releases new research on the Schroder AsiaPacific Fund PLC (LSE:SDP).,The report highlights strong absolute returns and growth potential driven by improving sentiment in Asia.,Kepler Partners LLP emphasizes that...
Boston Partners Gains 5.3% Stake in Hiscox Ltd
November 26, 2024 06:36 PM AEDT| By Team Kalkine MediaHighlights:,Boston Partners’ voting rights in Hiscox Ltd have reached 5.298%, representing 18,007,548 shares.,The acquisition was disclosed through a TR-1 filing with the London Stock Exchange on November 26, 2024.,Boston Partners’ stake is controlle...
HSBC sustainability lead exits after losing executive committee position
November 25, 2024 10:08 PM AEDT| By Team Kalkine MediaHighlights:,Celine Herweijer steps down as HSBC's Chief Sustainability Officer following a recent management reshuffle.,Herweijer played a crucial role in shaping HSBC’s climate policy and strategy.,Julian Wentzel, head of global banking for the Midd...
AI on the Rise: A Look at Top AI Companies and Their Stocks