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Financial
EPE Special Opportunities is undertaking a share buyback initiative
October 29, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights,EPE Special Opportunities Limited has repurchased 10,000 shares at a price of 154 pence each.,The repurchased shares will be held in treasury, impacting the total shares available for trading.,This strategic decision may influence the dyna...
Hargreaves Lansdown is facing a slowdown in new business as it gears up for a 2025 takeover
October 29, 2024 09:04 PM AEDT| By Team Kalkine MediaHighlights,Hargreaves Lansdown reports a 16% decline in new business for the last quarter.,The firm has welcomed 18,000 new clients, largely driven by its pensions and savings products.,Concerns over potential tax increases may be impacting customer...
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Motor Finance Rulings Prompt Santander UK to Delay Earnings Report
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Santander UK delays Q3 results to assess potential financial exposure after Appeal Court ruling on motor finance commissions.,UK’s major banks face increased compensation risks for car loan mis-selling, with Santander potentially exposed...
HSBC has launched a new share buyback as a result of profits surpassing forecasts
October 29, 2024 06:44 PM AEDT| By Team Kalkine MediaHighlights,HSBC plans to restructure into four divisions starting next year, merging its global commercial and investment banking operations, which may lead to job reductions among senior staff.,The bank reported an increase in operating costs and a...
Ondo InsurTech Ups UK Production to Meet LeakBot Demand in the US
October 29, 2024 01:21 AM AEDT| By Team Kalkine MediaHighlights:,Ondo InsurTech expands UK manufacturing capacity to meet rising demand, particularly from the US market.,A second production line at Asteelflash will quadruple LeakBot production to 40,000 units per month.,The company is negotiating new c...
Business Confidence Falls as Anticipated Budget Tax Increases Weigh on Sentiment
October 29, 2024 01:21 AM AEDT| By Team Kalkine MediaHighlights:,Business confidence fell to a four-month low in October, impacted by potential tax increases in the upcoming Budget.,Lloyds Banking Group’s business barometer dropped three points, signaling concerns about economic outlook and trading con...
Wise CEO Kristo Käärmann Fined £350,000 by FCA for Capital Gains Tax Disclosure Failure
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Wise CEO Kristo Käärmann fined £350,000 by the FCA for failing to disclose a capital gains tax liability.,The penalty follows a previous £365,651 fine by HMRC for not notifying the tax authority of the CGT obligation.,The FCA emphasized t...
Lloyds Bank Faces Rising Compensation Costs Following Motor Loan Commission Ruling
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds Bank faces potential increase in compensation payouts due to a Court of Appeal ruling on motor loan commissions.,The ruling sets a higher standard for commission disclosure by motor dealers acting as credit brokers.,The bank is rea...
Plus500 Reports Strong Q3 Growth Amid Expanding Market Reach
October 28, 2024 11:21 PM AEDT| By Team Kalkine MediaHighlights:,Plus500 saw a 11% year-on-year revenue increase in Q3 2024, reaching $187.3 million.,New customer numbers grew by 21%, while EBITDA rose slightly by 2% to $82.2 million.,The company highlighted the UAE and Japan as key growth markets, des...
Prudential Engaging in Share Repurchase and Cancellation
October 28, 2024 09:34 PM AEDT| By Team Kalkine MediaHighlights,Prudential plc has executed a repurchase and cancellation of over 692,000 shares, reducing its issued shares.,The repurchased shares were valued at GBP 6.5623 each, leading to a slight decrease in total shares to approximately 2.69 billion...
Lloyds Engaging with Implications of Recent Motor Finance Legal Decisions
October 28, 2024 08:20 PM AEDT| By Team Kalkine MediaHighlights,Lloyds Banking Group addresses Court of Appeal rulings impacting motor commission arrangements.,New standards for motor dealers as credit brokers now require transparency in commission disclosures.,Implications for customer understanding o...
Plus500 Registers 25,000 New Sign-Ups, Resulting in Average Revenue per User of $1,548
October 28, 2024 07:58 PM AEDT| By Team Kalkine MediaHighlights,Plus500 Ltd reported an 11% year-on-year revenue increase, reaching $187.3 million for Q3 2024.,The company achieved a 21% rise in new customer sign-ups, totaling nearly 25,000 for the quarter.,Plus500 maintains a debt-free status with cas...
Greencoat UK Wind's Capital Structure Improved via Share Buyback
October 28, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights,Greencoat UK Wind PLC has completed a share buyback, acquiring 250,000 ordinary shares at an average price of 135.69 pence.,The repurchased shares will be held in treasury, increasing the total number of treasury shares to 42,342,072.,This...
Plus500 Reports Revenue and Customer Growth in Q3 2024, Expands in New Markets
October 28, 2024 06:36 PM AEDT| By Team Kalkine MediaHighlights,Revenue Growth,: Plus500's revenue increased by 11% to $187.3 million in Q3 2024, reflecting steady business expansion.,New Customer Growth,: The number of new customers rose by 21% year-on-year, demonstrating the company’s effective globa...
City of London (LON:CTY) Shares Fall Below Fifty-Day Moving Average
October 25, 2024 08:24 PM AEDT| By Team Kalkine MediaHighlights,City of London shares fell below their 50-day moving average during trading on Thursday.,The company has announced a dividend payout scheduled for November 29, with an ex-dividend date of October 24.,Current financial metrics include a mar...
FTSE 100 Live: Index Sees Fluctuations; NatWest Delivers Strong Results; Consumer Outlook Dims Ahead of Budget
October 25, 2024 07:24 PM AEDT| By Team Kalkine MediaHighlights,Thames Water seeks £3 billion liquidity extension to stabilize finances amidst significant debt.,NatWest Group reports a 26% increase in third-quarter profits, improving outlook.,GfK reveals a decline in consumer confidence ahead of the up...
NatWest's Q3 Profits Surge by One-Third, Leading to Increased Goals
October 25, 2024 07:10 PM AEDT| By Team Kalkine MediaHighlights,NatWest Group reported a 35.3% increase in profits for Q3, reaching £1.17 billion compared to £866 million the previous year.,The bank raised its full-year income forecasts, now projecting adjusted income of £14.4 billion, up from £14 bill...
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Record plc Announces $106 Billion in Assets Under Management in Q2 2025 Trading Update
October 25, 2024 06:59 PM AEDT| By Team Kalkine MediaHighlights,AUM Increased by $3.3 billion:,Record’s AUM reached $106.0 billion at the end of Q2 2025, driven by favorable currency movements.,Stable Performance Fees:,While no Q2 performance fees were crystalized, the H1 2025 fees stood at £1.6 millio...
NatWest Group Set for Q3 Results, Eyes on Margins, Loan Growth, and Impairments
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,NatWest shares are the best-performing among FTSE 100 banks this year.,The lender expects full-year income to reach around £14 billion, following strong first-half performance.,Investors will focus on impairments, margins, and loan growth...
Abrdn PLC Shares Drop as Net Outflows Continue in Q3
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Abrdn reports £3.1 billion in net outflows across all segments in Q3 2024.,Chief executive Jason Windsor vows to address performance challenges and drive transformation.,Abrdn targets up to £150 million in cost savings by the end of FY202...
AI on the Rise: A Look at Top AI Companies and Their Stocks