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Financial
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Tern Plc Secures £625,000 to Enhance IoT Portfolio and Support Corporate Operations
October 15, 2024 06:56 PM AEDT| By Team Kalkine MediaKey Points:,Tern raised £625,000 by placing 50,000,000 new ordinary shares at 1.25 pence per share, representing approximately 10.1% of its enlarged share capital.,The issue price reflects a 41.9% discount to Tern's closing mid-market price of 2.15 p...
Braveheart Investment has disclosed its first-half profit and development status
October 15, 2024 06:39 PM AEDT| By Team Kalkine MediaHighlights:,Braveheart Investment Group PLC reported a profit after tax of £43,000 for the first half of the financial year, a significant recovery from a loss of £732,000 in the previous year.,The company's net asset value (NAV) increased to £3.5 mi...
Inqo Investments Backs Biomass Fuel Initiative in Uganda's CARE Project
October 15, 2024 06:17 PM AEDT| By Team Kalkine MediaKey Points,:,Inqo Investments has partnered with Empower Clean Cooking to produce biomass pellets as part of Uganda's CARE Project.,The project addresses both poverty and environmental challenges around the Budongo Forest, offering sustainable employ...
Ashmore Sees 5% Growth in Assets Under Management, Boosted by Emerging Market Performance
October 15, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,AuM Growth:,Ashmore's assets under management rose by 5% in the first quarter, reaching $51.8 billion.,Emerging Markets Surge:,Positive macroeconomic conditions in emerging markets and lower U.S. interest rates contributed to the strong p...
BP Marsh Invests in Energy-Focused Insurance Specialist Volt
October 14, 2024 10:13 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Investment,: BP Marsh acquires 25.5% stake in Volt, committing up to £2.5 million in funding.,Focus on Energy Sector,: Volt specializes in underwriting property risks related to renewable and non-renewable energy across the glob...
Ashmore Group Reports $2.5 Billion Increase in Assets Under Management for Q3 2024
October 14, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights,Ashmore Group reported a $2.5 billion increase in assets under management (AuM) for Q3 2024.,The company experienced robust returns in Emerging Markets, with fixed income indices rising between 4% and 9% and equities increasing by 8%, indi...
Lloyds Chief Warns That 'Near Zero' Mortgage Rates Are Unlikely to Return
October 14, 2024 06:32 PM AEDT| By Team Kalkine MediaHighlights:,Lloyds Banking Group CEO Charlie Nunn indicates that mortgage rates are unlikely to return to the historically low levels experienced over the past decade.,The average rates for two-year and five-year fixed mortgages have risen significan...
Positive Trends for Emerging Markets Noted in Ashmore's Findings
October 14, 2024 06:30 PM AEDT| By Team Kalkine MediaHighlights:,Ashmore Group reports a sequential increase of $2.5 billion in assets under management (AUM), reaching a total of $51.8 billion as of September 20.,The results indicate a significant decline in net outflows, suggesting a renewed interest...
S&U Discloses Relaxation of Collection Restrictions Implemented by Financial Regulator
October 14, 2024 05:57 PM AEDT| By Team Kalkine MediaHighlights:,The Financial Conduct Authority (FCA) has lifted restrictions on the collection processes of S&U PLC motor finance subsidiary, Advantage Finance.,Ongoing discussions between S&U and the FCA aim to further improve procedures for borrowers...
Santander Ceases Offering Lowest Mortgages as Swap Rates Climb
October 11, 2024 11:37 PM AEDT| By Team Kalkine MediaHighlights:,Santander UK withdraws eight five-year fixed-term mortgage products, signaling a potential end to recent competitive pricing among lenders.,The move follows similar actions by Coventry Building Society, which has also adjusted its mortgag...
Darktrace's Ex-Boss Named Interst Minister Ahead of Key Summit in London
October 11, 2024 11:30 PM AEDT| By Team Kalkine MediaHighlights:,Poppy Gustafsson appointed as the UK's new investment minister following the sale of Darktrace.,Gustafsson will chair the Office for Investment, focusing on enhancing international business engagement in the UK.,A significant summit in Lo...
JPMorgan Q3 Net Income Declines, Dimon Points to Geopolitical Tensions
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Increased Provisions:,JPMorgan set aside $3.1 billion to cover credit losses, more than doubling last year’s provision as a precaution against rising loan defaults.,Revenue Growth Despite Net Income Dip:,Revenue rose by 6% to $43.3 billio...
BNY Mellon Reports Strong Q3 Results with Record $52.1 Trillion in Assets Under Custody
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Record Assets Under Custody,: BNY Mellon reached a new high with $52.1 trillion in assets under custody and administration.,Exceeded Profit Expectations,: Adjusted EPS of $1.52 surpassed Wall Street’s forecast of $1.42, driven by a 5% ris...
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UK Government Imposes Deadline on Housebuilders to Fix Dangerous Cladding Post-Grenfell
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,New Deadlines for Cladding Remediation,: Housebuilders will have six months to assess dangerous cladding and an additional 12 months to begin the work.,Potential Criminal Sanctions,: The government has hinted at possible criminal charges...
Monzo Gears Up for Secondary Share Sale, Valuation Expected to Reach £4.5 Billion
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Monzo Valuation to Hit £4.5 Billion,: The digital bank prepares for a secondary share sale, offering staff the chance to sell their shares.,Existing Investors Set to Increase Stakes,: StepStone Group and Singapore's sovereign wealth fund...
The Stablecoin Surge: Traditional Financial Institutions Warm Up to Digital Currency
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Institutional Adoption,: Major financial players like Visa, PayPal, and JPMorgan Chase are integrating stablecoins into their operations, indicating a shift in traditional finance toward digital assets.,Past Controversies,: The collapse o...
Argo Blockchain Announces Dismissal of Class Action Lawsuit in the US
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Lawsuit Dismissal:,The class action lawsuit,Murphy vs. Argo Blockchain,was dismissed without prejudice in October 2024.,Allegations Rejected:,Argo Blockchain consistently maintained that the claims were without merit, and the case was dis...
Braveheart’s Stock Increases by 14% After Securing CEO’s Stake in IQ-AI
October 11, 2024 09:53 PM AEDT| By Team Kalkine MediaHighlights,Braveheart Investment Group has acquired a 29.5% stake in IQ-AI, a brain cancer diagnostics company, from CEO Trevor Brown.,The transaction is classified as a related party transfer, with shares purchased at a price of 1.1 pence each.,Foll...
How has Jupiter Fund Management Performed in Q3 2024?
October 11, 2024 07:20 PM AEDT| By Team Kalkine MediaKey Points:,Total Net Outflows,: Jupiter reported,£1.6 billion,in net outflows for Q3 2024, totaling,£5.0 billion,year-to-date.,Positive Underlying Flows,: Despite net outflows, the firm achieved slightly positive underlying inflows, particularly in...
Saga in Exclusive Negotiations with Ageas for Long-Term Insurance Partnership
October 11, 2024 07:11 PM AEDT| By Team Kalkine MediaKey Points:,Long-Term Partnership,: Saga is negotiating a 20-year affinity partnership with Ageas to enhance its motor and home insurance offerings.,Financial Considerations,: Ageas will pay Saga £80 million upfront and up to £60 million in contingen...
AI on the Rise: A Look at Top AI Companies and Their Stocks