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Financial
Nationwide Building Society’s Takeover of Virgin Money Cleared by London Court
September 28, 2024 02:49 AM AEST| By Team Kalkine MediaHighlights:,Court Approval Granted:,A London court has approved Nationwide’s £2.9 billion takeover of Virgin Money, marking a major step towards completion.,Regulatory Clearance Secured:,The deal had previously gained support from the FCA and PRA, va...
Prudential Grow Presence in Indonesia with BSI Bancassurance Agreement
September 27, 2024 06:32 PM AEST| By Team Kalkine MediaHighlights,Partnership in Indonesia,: Prudential PLC has formed a partnership with Bank Syariah Indonesia, aiming to enhance product offerings and accelerate growth in this key market.,Positive Market Reaction,: Following this announcement, Prudentia...
Prudential (LSE:PRU) Partners with Bank Syariah Indonesia to Enhance Bancassurance Offerings
September 27, 2024 05:16 PM AEST| By Team Kalkine MediaPrudential plc (LSE:PRU) has announced a strategic long-term bancassurance partnership with Bank Syariah Indonesia (BSI), which will see Prudential become the designated Syariah life insurance provider for BSI starting in early 2025. This collaborati...
Helios Underwriting Reports Higher Profits Amid Strong Lloyd’s Market
September 27, 2024 05:16 PM AEST| By Team Kalkine MediaHightlights:,Helios Underwriting posts higher profits,: Operating profit rose to £6.5m, driven by stronger investment income.,Gross written premiums up,: Premiums increased 45% year-on-year, supported by a 62% rise in syndicate capacity.,Shares slip...
New York Sun Owner Emerges as Frontrunner to Acquire Daily and Sunday Telegraph
September 27, 2024 05:06 PM AEST| By Team Kalkine MediaHighlights,Dovid Efune's Bid,: Dovid Efune, owner of the conservative outlet The New York Sun, is reportedly leading the acquisition efforts for The Daily Telegraph and the Sunday Telegraph.,Competitive Auction,: The Telegraph Media Group is currentl...
Hargreaves Lansdown (LSE:HL) Enters Final Stages of Acquisition by Harp Bidco Limited
September 27, 2024 05:04 PM AEST| By Team Kalkine MediaOn August 9, 2024, Hargreaves Lansdown plc (LSE:HL) announced a significant development in its corporate structure with the endorsement of a recommended cash acquisition by Harp Bidco Limited (Bidco). This acquisition aims to secure the entire issued...
Annuity Sales Surge as Baby Boomers Opt for Retirement
September 27, 2024 01:42 PM AEST| By Team Kalkine MediaRecent data from the,Financial,Conduct Authority (FCA) highlights a significant surge in annuity sales among retirees, particularly within the Baby Boomer demographic. Annuity sales increased by nearly 39% from the 2022/23 fiscal year to 2023/24, cli...
Downing Renewables in Talks to Divest Swedish Wind Farm
September 27, 2024 12:51 AM AEST| By Team Kalkine MediaHighlights,● Downing Renewables & Infrastructure Trust PLC enters exclusive discussions to divest its interest in the Gabrielsberget wind farm in Sweden.,● The proposed sale price is at a small premium to the carrying value as of June 30, 202...
AJ Bell Sparks Backlash After Restricting Online Trading of Aquis-Listed Companies
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,AJ Bell Restricts Online Trading,: Trades for Aquis-listed ‘Access’ segment stocks are now limited to phone-only orders.,Backlash from Companies,: Aquis-listed firms criticize the move, citing concerns over its impact on small-cap growth....
Braveheart Investment Appoints Qu Li to Autins Group Board
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Qu Li joins Autins Group’s board,: Qu Li, Braveheart’s non-executive director, has been appointed to Autins Group’s board as Braveheart’s representative.,Braveheart’s strategic involvement deepens,: Braveheart holds a 26.95% stake in Auti...
Pantheon International Proceeds with Share Buyback Amid Cash Flow from Portfolio
September 27, 2024 12:34 AM AEST| By Team Kalkine MediaHighlights,Pantheon International PLC continues share buyback while generating £14.2 million in cash distributions.,A new direct investment of £6.2 million made in Tacala, the largest Taco Bell franchisee in the USA.,Net asset value per share reporte...
IXOPAY Strengthens Leadership with Key Executive Appointments to Accelerate Growth
September 26, 2024 04:51 PM AEST| By Team Kalkine MediaIXOPAY, a prominent provider of enterprise-grade payment orchestration solutions, has announced the appointments of Ronnie Thomson as Chief Technical Officer (CTO) and Kelly Wenzel as Chief Customer Officer (CCO). These strategic leadership additions...
Peel Hunt Chief Sounds Alarm on AIM Inheritance Tax Concerns!
September 26, 2024 06:38 AM AEST| By Team Kalkine MediaHighlights:,AIM Turmoil,: The AIM faces a crisis as inheritance tax relief for listed companies is threatened, raising urgent warnings from industry leaders.,Sell-Off Risks,: Experts predict a sell-off that could devalue a third of AIM's market, driv...
Are Payments for Online Fraud Victims Faster With Reduced Compensation?
September 26, 2024 06:11 AM AEST| By Team Kalkine MediaHighlights:,Quick Compensation,: New PSR rules ensure UK fraud victims receive swift reimbursement within five days.,Targeting APP Fraud,: Regulations focus on authorized push payment fraud, addressing significant financial losses.,Prevention Concern...
Has Electric Guitar Reached a Landmark with Its New Loyalty App?
September 26, 2024 01:17 AM AEST| By Team Kalkine MediaHighlights:,Loyalty App Launch:,Electric Guitar PLC launched a loyalty app for the banking sector in collaboration with 3radical, Marcomms.ai, and Little Birdie.,Enhanced Personalization:,The app uses Open Banking data to create tailored loyalty prog...
Ecclesiastical Insurance Office’s (LSE:ELLA) records growth in profits and GWP in 1HFY24
September 25, 2024 05:43 PM AEST| By Team Kalkine MediaEcclesiastical Insurance Office plc (LSE:ELLA), a specialist in insurance services, has released its interim results for 2024, demonstrating a solid financial performance across key metrics. The results, reflect sustained growth in gross written prem...
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Global Stocks Soar as China Unveils Economic Stimulus Plan
September 25, 2024 01:41 AM AEST| By Team Kalkine MediaGlobal equities reached a new peak on Tuesday as China announced a series of measures designed to stimulate its economy, the second-largest in the world. The MSCI World Index, a widely recognized benchmark for global equity markets, increased by 0.3%...
Legal & General Hires New Asset Management CEO from Prudential Financial
September 24, 2024 08:12 PM AEST| By Team Kalkine MediaLegal & General Group PLC (LSE: LGEN) has announced the appointment of Eric Adler as the chief executive of its newly merged asset management division. Adler transitions from his role as head of Prudential Financial Inc.’s $320 billion private equity...
Big Banks Pledge Support for Nuclear Energy to Meet Green Targets
September 24, 2024 02:15 AM AEST| By Team Kalkine MediaAt the COP28 climate summit, a coalition of fourteen of the world’s largest banks pledged to significantly increase their lending for nuclear energy projects. Among the key financial institutions involved are Barclays, Goldman Sachs, Morgan Stanley (...
Electric Guitar Wins Singapore Agreement After Successful Trial
September 23, 2024 09:03 PM AEST| By Team Kalkine MediaElectric Guitar PLC,(LSE:ELEG),, a digital marketing and advertising company specializing in first-party data, has announced a new campaign in collaboration with Mediacorp, Singapore's leading media network. This initiative follows a successful pilot...
AI on the Rise: A Look at Top AI Companies and Their Stocks