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Financial
Jupiter Sees Continued Pressure from Outflows in Its Portfolio of Funds
October 11, 2024 06:21 PM AEDT| By Team Kalkine MediaHighlights:,Jupiter Fund Management PLC reports £1.6 billion in outflows for the quarter ending September 30, 2024, totaling £5 billion in outflows year-to-date.,Total assets under management (AUM) decreased to £50.1 billion from £51.3 billion at the...
Voco Platform Success at Grand Designs Live Addressed by Electric Guitar PLC CEO
October 11, 2024 05:55 PM AEDT| By Team Kalkine MediaHighlights:,Electric Guitar PLC CEO John Regan discusses the deployment of the Voco platform with NFC technology at the Grand Designs Live event in Birmingham.,The partnership with Mastercard's SessionM loyalty platform allows clients to utilize gami...
Saga and Ageas Establish 20-Year Insurance Alliance
October 11, 2024 05:51 PM AEDT| By Team Kalkine MediaHighlights:,Saga PLC announces exclusive negotiations with Ageas to establish a 20-year partnership for motor and home insurance.,Ageas will acquire Saga's underwriting arm, Acromas, for £67.5 million as part of the agreement.,The partnership aims to...
Jupiter Fund Management Faces Drop in AUM Amid £1.6 Billion Client Withdrawals
October 11, 2024 10:00 AM AEDT| By Team Kalkine MediaHighlights:,AUM Decline,: Jupiter Fund Management's AUM dropped to £50.1 billion as of September 30, down from £51.3 billion in the previous quarter.,Client Withdrawals,: The asset manager faced £1.6 billion in net client outflows during the third qu...
UIL Acquires Majority Stake in Zeta Resources Limited
October 10, 2024 09:13 PM AEDT| By Team Kalkine MediaKey Points:,UIL Acquires 95.03% of Zeta Resources: UIL is set to merge Zeta's investment platform with its own after acquiring GPLPF’s 187 million shares in Zeta.,Transaction Valued at £28.7 Million: UIL will settle the purchase with a mix of shares...
KinderCare Learning Companies Begins Trading on NYSE Following Successful IPO
October 10, 2024 08:59 PM AEDT| By Team Kalkine MediaKey Points:,Successful IPO,: KinderCare’s shares began trading on the NYSE, priced at USD 24.00, with Partners Group retaining a 71% stake.,Industry Leadership,: KinderCare serves over 200,000 children across 2,400 centers, making it the largest earl...
Ramsdens Holdings Reports Record FY24 Profit, Sets Stage for Further Growth
October 10, 2024 08:36 PM AEDT| By Team Kalkine MediaKey Points:,Ramsdens Holdings expects to report record profit before tax of at least £11 million for FY24, a 9% increase from FY23.,The company’s diversified business model has driven growth across all key income streams, particularly in jewelry reta...
Liontrust Asset Management Reports £1.1 Billion Net Outflows in Q3 2024
October 10, 2024 08:31 PM AEDT| By Team Kalkine MediaLiontrust Asset Management Plc (LSE:LIO), a specialist independent fund management group, has released its trading update for the quarter ending on 30 September 2024. The update highlights continued net outflows and a reduction in assets under manage...
Liontrust Shares Hit Near Seven-Year Low Following Market Trends
October 10, 2024 08:12 PM AEDT| By Team Kalkine MediaHighlights:,Liontrust Asset Management reported continued elevated outflows, resulting in total assets under management declining by 4% to £26 billion.,The company experienced net outflows of £1.1 billion in the last quarter, contributing to approxim...
CMC Markets has recorded a first-half profit, marking a successful turnaround
October 09, 2024 10:28 PM AEDT| By Team Kalkine MediaHighlights:,CMC Markets achieved a 45% year-on-year increase in net operating income, reaching £180 million in the first half of 2024.,Operating costs were reduced by approximately 7%, resulting in a profit before tax of £51 million, marking a signif...
Electric Guitar has implemented Voco with NFC technology for the first tim
October 09, 2024 10:22 PM AEDT| By Team Kalkine MediaHighlights:,Electric Guitar PLC’s subsidiary, 3radical, successfully deployed NFC-enabled Voco technology at the Grand Designs Live event in Birmingham.,The technology enabled interactive experiences, allowing visitors to engage with brands through t...
The London Stock Exchange Group has been assessed as ‘fairly priced’ prior to its third-quarter results
October 09, 2024 09:13 PM AEDT| By Team Kalkine MediaHighlights:,London Stock Exchange Group PLC receives a minor upgrade from Deutsche Bank ahead of its upcoming quarterly earnings report.,Deutsche Bank forecasts organic revenue growth exceeding 8% for the third quarter, driven by strong performance i...
Pacific Assets Trust: Recent Financial Performance, Sustainability, and Strategic Updates Amid Global Challenges
October 09, 2024 07:12 PM AEDT| By Team Kalkine MediaKey Points:,Pacific Assets Trust’s annualized return of 7.7% lags behind its performance objective, but inflation stabilization offers hope for improved results.,Indian and Taiwanese companies were key contributors to returns, while Chinese companies...
InvestAcc Group: Acquisition of InvestAcc Holdings Completed and Re-Admission to Trading Confirmed
October 09, 2024 07:09 PM AEDT| By Team Kalkine MediaKey Points:,The acquisition of InvestAcc Holdings marks a major step in the Company’s strategy to become the UK’s leading specialist pensions administration provider.,InvestAcc has earned significant market recognition, winning major awards for its h...
Brooks Macdonald is now the owner of a wealth planning firm based in Manchester that serves sports stars.
October 08, 2024 09:56 PM AEDT| By Team Kalkine MediaHighlights:,Brooks Macdonald Group plc acquires Manchester-based wealth management firm LIFT-Financial for an initial £30 million, potentially rising to £45 million.,LIFT-Financial manages £1.6 billion in assets under advice, with a client base of 1,...
The resilience of S&U is highlighted by Chairman Anthony Coombs in response to new regulations
October 08, 2024 09:44 PM AEDT| By Team Kalkine MediaHighlights:,S&U PLC reports challenges in the Advantage motor finance division due to regulatory changes and higher provisions.,The Aspen Bridging business demonstrates strong growth, with significant increases in its loan book and profit before tax....
Brooks Macdonald Group to Acquire LIFT Financial Group for Up to £45 Million
October 08, 2024 06:38 PM AEDT| By Team Kalkine MediaKey Points:,Brooks Macdonald is acquiring LIFT Financial Group for an initial £30 million, with total potential consideration of up to £45 million based on performance targets.,The acquisition will enhance Brooks Macdonald's financial planning capabi...
St James’s Place’s recovery prospects following the pensions overhaul are being assessed
October 08, 2024 02:46 AM AEDT| By Team Kalkine MediaHighlights,St James's Place faces significant overcharging claims but has begun a share price recovery following less-dismal interim results in July.,The upcoming October Budget from Labour chancellor Rachel Reeves raises concerns about potential cha...
The State of London’s AIM shows no recovery, according to new research findings
October 08, 2024 02:32 AM AEDT| By Team Kalkine MediaHighlights:,The AIM market, managed by London Stock Exchange Group PLC,continues to underperform in 2024, diverging from trends seen in major global indices.,Factors contributing to AIM's weak performance include uncertainty regarding potential tax c...
New regulations aimed at preventing fraud are being established for Lloyds, NatWest, Wise, and other banking entities
October 08, 2024 01:26 AM AEDT| By Team Kalkine MediaHighlights:,New rules effective from October 7, 2024, mandate compensation for victims of digital fraud involving UK banks and payment service providers.,Victims can claim up to £85,000 in compensation, with payments expected within five days.,In 202...
AI on the Rise: A Look at Top AI Companies and Their Stocks