Financial


 NatWest Group Set for Q3 Results, Eyes on Margins, Loan Growth, and Impairments

NatWest Group Set for Q3 Results, Eyes on Margins, Loan Growth, and Impairments

October 24, 2024 09:12 PM AEDT| By Team Kalkine Media

Highlights:,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

Lloyds Share Price Rise Reach £1 Over the Next Year

October 24, 2024 08:37 PM AEDT| By Team Kalkine Media

Highlights,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

S&P 500 Outlook Enhanced by HSBC Amid Goldilocks Scenario in Markets

October 24, 2024 07:46 PM AEDT| By Team Kalkine Media

Highlights,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

Strong Growth of 9.5% Recorded in LSEG's Third-Quarter Income

October 24, 2024 07:14 PM AEDT| By Team Kalkine Media

Highlights,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

Barclays' Annual NII Guidance Increased as Q3 Profits Climb

October 24, 2024 07:09 PM AEDT| By Team Kalkine Media

Highlights,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

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 Media

Highlights,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...

 Oakley Capital Investments Reports Quarterly Trading Update with Stable NAV Amid Currency Challenges

Oakley Capital Investments Reports Quarterly Trading Update with Stable NAV Amid Currency Challenges

October 24, 2024 01:07 AM AEDT| By Team Kalkine Media

Highlights,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

Montanaro European Smaller Stock Price Declines Under 50 Day Moving Average

October 23, 2024 08:33 PM AEDT| By Team Kalkine Media

Highlights,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

Lloyds Banking Shares Strengthen Following Q3 Profit Increase

October 23, 2024 08:18 PM AEDT| By Team Kalkine Media

Highlights,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

Index Shows Decline; Gold Tops $2,750; Lloyds Achieves Strong Profit

October 23, 2024 08:10 PM AEDT| By Team Kalkine Media

Highlights,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

Lloyds' Q3 Earnings Reflect Lesser Decline Than Forecast

October 23, 2024 07:56 PM AEDT| By Team Kalkine Media

Highlights,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

Deutsche Bank Sees Further Upside for UK Bank Shares Following Earnings and Budget

October 23, 2024 07:32 PM AEDT| By Team Kalkine Media

Highlights:,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...

 Strong Q3 Earnings from Lloyds Banking Group (LSE), But Share Price Fails to Rise

Strong Q3 Earnings from Lloyds Banking Group (LSE), But Share Price Fails to Rise

October 23, 2024 07:32 PM AEDT| By Team Kalkine Media

Highlights:,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

Litigation Capital Management Moves Forward with Share Repurchase Efforts

October 23, 2024 07:19 PM AEDT| By Team Kalkine Media

Highlights,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

OSB Group PLC Engages in Share Repurchase Program

October 23, 2024 07:03 PM AEDT| By Team Kalkine Media

Highlights,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

Edinburgh Investment Trust Moves Forward with Share Repurchase on LSE

October 23, 2024 06:52 PM AEDT| By Team Kalkine Media

Highlights,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

B.P. Marsh & Partners Reports Jump in NAV and Shareholder Returns in Recent Half

October 23, 2024 06:35 PM AEDT| By Team Kalkine Media

Highlights,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

UBS Downgrades Man Group to 'Neutral' Amid Concerns Over Performance Fees and Fund Volatility

October 23, 2024 01:50 PM AEDT| By Team Kalkine Media

Highlights:,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

Lloyds Banking Group Posts Strong Q3 Results, Shares Rise

October 23, 2024 01:50 PM AEDT| By Team Kalkine Media

Highlights:,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

Lloyds Banking Group Prepares to Release Third-Quarter Update Amid Mortgage Rate Changes

October 23, 2024 12:49 PM AEDT| By Team Kalkine Media

Highlights:,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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