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Financial
Bluefield Solar Poised for Growth with New Partnerships and Decarbonisation
November 06, 2024 03:12 AM AEDT| By Team Kalkine MediaHighlights:,Path to Premium Valuation:,Bluefield Solar Income Fund is positioned to return to premium valuation with strategic partnerships and portfolio optimization.,Strategic Asset Sale Reflects Value:,Sale of a 112MW solar asset at full value und...
NatWest's Landmark £11 Billion Pension De-Risking Deal with Rothesay Unveiled
November 06, 2024 02:51 AM AEDT| By Team Kalkine MediaHighlights:,Largest-Ever Pension De-Risking Deal in the UK:,Rothesay completes a £11 billion pension risk transfer (PRT) transaction with NatWest, covering a third of the bank’s pension scheme.,Rothesay Confirmed as Counterparty:,Following NatWest’s...
Lloyds' 14% Share Price Drop: Time to Capitalize on a Market Shift
November 05, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds’ share price has declined 14% since reaching a 12-month high on 23 October 2024, following the release of its Q3 results.,The stock currently appears undervalued compared to key competitors, with a lower price-to-earnings and price...
Edinburgh Investment Trust Executes Share Repurchase to Strengthen Treasury
November 05, 2024 06:47 PM AEDT| By Team Kalkine MediaHighlights:,Edinburgh Investment Trust PLC has repurchased 50,000 of its own shares on the London Stock Exchange.,The repurchased shares will be held in treasury and are part of the company’s ongoing capital management strategy.,Following the transac...
Lloyds Share Price Dynamics Explored by Experts Facing Regulatory Scrutiny in 2024
November 04, 2024 08:33 PM AEDT| By Team Kalkine MediaHighlights,Lloyds Banking Group shares have increased nearly 40% this year, benefiting from higher interest rates.,Analyst sentiment is mixed, with only seven out of 19 analysts rating the stock as a buy amid regulatory concerns.,The company faces on...
Value for Shareholders Strengthened by IP Group plc
November 04, 2024 06:32 PM AEDT| By Team Kalkine MediaHighlights,Share Repurchase Initiative,: IP Group plc has successfully repurchased 258,000 of its own shares on the London Stock Exchange as part of its ongoing buyback program.,Cancellation of Repurchased Shares,: The shares, acquired at an average...
Own Shares Secured by Edinburgh Investment Trust
November 04, 2024 06:20 PM AEDT| By Team Kalkine MediaHighlights,Share Repurchase Program,: Edinburgh Investment Trust PLC has executed the repurchase of 50,000 ordinary shares on the London Stock Exchange.,Average Purchase Price,: The shares were acquired at an average price of 727.00p per share, refle...
CMC Markets Partners with ASB Bank to Revolutionize Trading Technology for New Zealand Clients
November 01, 2024 06:18 PM AEDT| By Team Kalkine MediaHighlights,CMC Markets to provide ASB clients with advanced trading technology across web and mobile platforms.,Integration is expected to span 12-18 months, with strategic financial benefits anticipated.,CMC will join NZX as a full participant, rein...
J Sainsbury PLC Sells Argos Card Portfolio to NewDay, Initiates New Digital Credit Partnership
November 01, 2024 04:54 AM AEDT| By Team Kalkine MediaHighlights,Sainsbury's sells Argos Financial Services card portfolio to NewDay for approximately £720 million.,Partnership with NewDay to develop a modern Argos-branded digital credit offering for flexible purchases.,Financial services to contribute...
Equals Group Receives Enhanced Proposal from Consortium for All-Cash Offer
October 30, 2024 09:28 PM AEDT| By Team Kalkine MediaHighlights,Equals Group has received an improved non-binding proposal from a consortium led by Railsr and TowerBrook, offering 135 pence per share plus a special dividend.,The proposal includes a special dividend of 2 pence per Equals share, payable...
UK Car Dealers Hit as Commission Disclosure Ruling Halts New Finance Deals
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,Profit Pressure Warning:,CAB Payments reported lower-than-expected revenue growth for September, impacting second-half profit expectations.,Shift in Revenue Mix Affects Margins:,Growing sales volumes are offset by a shift toward lower-mar...
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Standard Chartered Hits Nine-Year High as Strong Q3 Results Drive Upgraded Outlook
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,Q3 Profit Surpasses Expectations: Standard Chartered reported third-quarter profit 21% above forecasts, boosted by record wealth and financial markets revenue.,Raised Full-Year Outlook: Updated 2024 guidance projects 10% income growth wit...
Bidco Announces Cash Acquisition of Eckoh, Valued at £169.3 Million
October 30, 2024 09:18 PM AEDT| By Team Kalkine MediaHighlights,Bidco has reached an agreement for a recommended cash acquisition of Eckoh, valuing the company at approximately £169.3 million.,Eckoh shareholders will receive 54 pence per share, representing significant premiums to recent closing prices...
UK Car Dealers in Turmoil as Court Ruling on Commission Disclosure Stalls New Finance Deals
October 30, 2024 08:40 PM AEDT| By Team Kalkine MediaHighlights:,Finance Halted by Major Lenders:,Close Brothers,,MotoNovo,, and several others pause new car loans as commission disclosure rules,remain,unclear.,Dealers Struggle with New Disclosure Compliance:,Dealerships are scrambling to implement sys...
Prudential implements a buyback to decrease its issued shares
October 30, 2024 08:38 PM AEDT| By Team Kalkine MediaHighlights,Prudential plc has repurchased and canceled 351,466 ordinary shares, marking a decrease in its issued shares.,This strategic move is part of Prudential’s ongoing efforts to efficiently manage its equity base.,The repurchase is effective as...
TP ICAP initiates a share buyback program on the London Exchange
October 30, 2024 07:41 PM AEDT| By Team Kalkine MediaHighlights,TP ICAP Group has repurchased 40,000 of its own shares at a price of 231.50 pence each, as part of its ongoing share buyback program.,The recent transaction has increased the company's treasury shares to over 37 million, reflecting a strat...
A positive surprise is delivered by NatWest Group in third quarter 2024 earnings
October 30, 2024 06:10 PM AEDT| By Team Kalkine MediaHighlights,NatWest Group reported a revenue of UK£3.50 billion, reflecting a 7.4% increase from Q3 2023.,Net income rose to UK£1.17 billion, a 31% increase compared to the same period last year.,The profit margin improved to 34%, up from 28% in Q3 20...
HSBC Report Profit Growth in 3Q24 Amid Revenue Expansion and Strategic Challenges
October 29, 2024 11:53 PM AEDT| By Team Kalkine MediaHighlights,Profit Surge,: HSBC's profit before tax for 3Q24 increased by $0.8 billion, reaching $8.5 billion, mainly due to revenue growth in key banking sectors.,Revenue Growth,: Revenue rose 5% to $17.0 billion, bolstered by increased activity in w...
JPMorgan Chase Targets Fraudulent Withdrawals in "Infinite Money Glitch" Lawsuits
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,JPMorgan Chase is pursuing legal action to recover over $660,000 exploited through a cheque-deposit glitch.,The glitch, popularized on social media, allowed counterfeit cheque deposits followed by rapid ATM withdrawals.,Legal actions are...
HSBC Outperforms Q3 Forecasts with Strong Profits and Announces $3 Billion Buyback
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,HSBC reports Q3 pre-tax profit of $8.5 billion, surpassing expectations by nearly $1 billion.,Revenue rises 5% to $17 billion, fueled by Wealth business gains and Global Markets activity.,Announces $3 billion buyback, with total sharehold...
AI on the Rise: A Look at Top AI Companies and Their Stocks