Financial

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...

Lloyds Share Price Rise Reach £1 Over the Next Year
October 24, 2024 08:37 PM AEDT| By Team Kalkine MediaHighlights,Strong Performance,: Lloyds shares have surged 45.1% over the past year, significantly outpacing the FTSE 100's 13.67% increase.,Market Influences,: Recent drops in UK consumer price inflation and anticipated interest rate cuts are expecte...

S&P 500 Outlook Enhanced by HSBC Amid Goldilocks Scenario in Markets
October 24, 2024 07:46 PM AEDT| By Team Kalkine MediaHighlights,Revised Price Target,: HSBC has raised its year-end price target for the S&P 500 to 5,900, reflecting a favorable macroeconomic environment.,Positive Earnings Outlook,: The bank projects a 13% growth in earnings per share for 2024, driven...

Strong Growth of 9.5% Recorded in LSEG's Third-Quarter Income
October 24, 2024 07:14 PM AEDT| By Team Kalkine MediaHighlights,Strong Revenue Growth,: London Stock Exchange Group reported a 9.5% increase in total income for the third quarter compared to the previous year.,Annual Subscription Value Increases,: The company’s annual subscription value (ASV) rose by 6...

Barclays' Annual NII Guidance Increased as Q3 Profits Climb
October 24, 2024 07:09 PM AEDT| By Team Kalkine MediaHighlights,Barclays Raises Net Interest Income Guidance,: The bank has increased its full-year net interest income forecast following a strong third-quarter performance.,Profit Before Tax Increases,: Barclays reported a profit before tax of £2.2 bill...

Barclays Q3 2024 Results Show RoTE of 12.3%, On Track to Meet 2024 and 2026 Targets
October 24, 2024 06:06 PM AEDT| By Team Kalkine MediaHighlights,Strong RoTE Performance,: Barclays achieved a 12.3% return on tangible equity in Q3 2024, with full-year RoTE targets on track for 10%.,Upgraded NII Guidance,: Barclays UK net interest income forecast for 2024 has increased from £6.3bn to...
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Oakley Capital Investments Reports Quarterly Trading Update with Stable NAV Amid Currency Challenges
October 24, 2024 01:07 AM AEDT| By Team Kalkine MediaHighlights,Stable NAV Amid Currency Challenges,: OCI reported a NAV per share of 693 pence, with a total NAV of £1.222 billion, facing a -2% total NAV return impacted by foreign exchange fluctuations.,New Investments and Strong Financial Position,: T...

Montanaro European Smaller Stock Price Declines Under 50 Day Moving Average
October 23, 2024 08:33 PM AEDT| By Team Kalkine MediaHighlights,Movement Below the 50-Day Average,: The stock crossed below its 50-day moving average of 143.49 GBX, indicating a potential shift in market sentiment.,Trading Range,: During the session, shares traded as low as 143.30 GBX, reflecting downw...

Lloyds Banking Shares Strengthen Following Q3 Profit Increase
October 23, 2024 08:18 PM AEDT| By Team Kalkine MediaHighlights,Profit Surplus,: Adjusted pre-tax profit surpassed expectations by 11%, aided by a lower-than-forecast impairment charge.,Strong Net Interest Margin,: The net interest margin (NIM) for the third quarter was reported at 295 basis points, sl...

Index Shows Decline; Gold Tops $2,750; Lloyds Achieves Strong Profit
October 23, 2024 08:10 PM AEDT| By Team Kalkine MediaHighlights,Lloyds Banking Group reported third-quarter pre-tax earnings of £1.8 billion, surpassing analyst expectations despite a slight decline from the previous year.,Reckitt Benckiser experienced a 0.5% drop in like-for-like revenue in the third...

Lloyds' Q3 Earnings Reflect Lesser Decline Than Forecast
October 23, 2024 07:56 PM AEDT| By Team Kalkine MediaHighlights,Lloyds reported a statutory profit before tax of £1.82 billion for Q3 2024, a 2% decline year-on-year but surpassing analyst forecasts.,Underlying net interest income decreased by 6% to £3.23 billion, while total net income was down 4% yea...

Deutsche Bank Sees Further Upside for UK Bank Shares Following Earnings and Budget
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,Deutsche Bank raises share price targets for Lloyds to 83p, NatWest to 460p, and Standard Chartered to 970p.,Positive outlook for UK banks after tax uncertainties are cleared and interest rates stabilize.,Lloyds remains Deutsche Bank's pr...
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Strong Q3 Earnings from Lloyds Banking Group (LSE), But Share Price Fails to Rise
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds reported Q3 pre-tax profits of £1.8 billion, beating forecasts of £1.6 billion.,Net interest margin (NIM) for the quarter was 2.95%, slightly ahead of expectations.,The bank maintained its full-year guidance despite strong quarterl...

Litigation Capital Management Moves Forward with Share Repurchase Efforts
October 23, 2024 07:19 PM AEDT| By Team Kalkine MediaHighlights,Litigation Capital Management Limited has repurchased 15,000 of its own shares at a price of 108 pence each on the London Stock Exchange.,This repurchase is part of the company’s ongoing Share Buyback Programme aimed at effective capital m...

OSB Group PLC Engages in Share Repurchase Program
October 23, 2024 07:03 PM AEDT| By Team Kalkine MediaHighlights,OSB Group PLC has repurchased 221,606 ordinary shares on the London Stock Exchange as part of its share buyback program.,The share buyback initiative aims to reduce the number of shares in circulation, potentially enhancing shareholder val...

Edinburgh Investment Trust Moves Forward with Share Repurchase on LSE
October 23, 2024 06:52 PM AEDT| By Team Kalkine MediaHighlights,Edinburgh Investment Trust PLC has repurchased 75,000 ordinary shares on the London Stock Exchange.,The average repurchase price per share was 745.00p, in line with the company’s strategic adjustments.,The total share capital now stands at...

B.P. Marsh & Partners Reports Jump in NAV and Shareholder Returns in Recent Half
October 23, 2024 06:35 PM AEDT| By Team Kalkine MediaHighlights,B.P. Marsh & Partners reported a total shareholder return of 12.1% for the period, driven by a 10.3% increase in Net Asset Value.,The company's consolidated profit before tax rose to £29.0 million, compared to £15.6 million in the same per...

UBS Downgrades Man Group to 'Neutral' Amid Concerns Over Performance Fees and Fund Volatility
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,UBS downgraded Man Group from ‘buy’ to ‘neutral’ amid concerns over weaker performance fees and volatile fund flows.,The AHL quant division’s net asset values have dropped by 10-20% in recent months, affecting performance fee generation.,...

Lloyds Banking Group Posts Strong Q3 Results, Shares Rise
October 23, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds posted Q3 profits 11% ahead of consensus, driven by a stronger-than-expected net interest margin of 2.95%.,Credit quality remains stable, and capital generation is strong, boosting confidence in the bank's financial health.,Analyst...

Lloyds Banking Group Prepares to Release Third-Quarter Update Amid Mortgage Rate Changes
October 23, 2024 12:49 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds Banking Group (LSE:LLOY) will release its third-quarter update on 23 October, following recent mortgage rate increases.,The bank reported a 9% fall in net income in the first half, with a NIM decline to 2.93% in the second quarter....
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