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Financial
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Bridgepoint Shares Plunge as Shareholders Offload 14.7 Million Shares
September 20, 2024 08:35 PM AEST| By Team Kalkine MediaBridgepoint,(LSE:BPT),experienced a significant decline on Friday following the sale of 14.7 million shares by a group of 103 current and former employees, along with related entities. The shares were placed through JPMorgan and Morgan Stanley, price...
Investec Reports Steady Performance in First Half
September 20, 2024 06:01 PM AEST| By Team Kalkine MediaInvestec Group,(LSE:INVR),indicated a stable financial performance for the first half in an update released on Friday, despite facing economic uncertainties earlier in the year.,The company projected pre-provision adjusted operating profit for the ha...
Investec Notes Lower Contribution from UK in First Half
September 20, 2024 05:15 PM AEST| By Team Kalkine MediaInvestec PLC,(LSE:INVP),, the Anglo-South African bank, has reiterated its guidance for the year following a trading update that revealed a decline in first-half contributions from its UK operations. Profits from UK businesses, including its wealth m...
Close Brothers to Exit Asset-Management Division Amid Market Issues
September 19, 2024 06:28 PM AEST| By Team Kalkine MediaClose Brothers Group PLC,(LSE:CBG),, a merchant bank, has reached an agreement to sell its Close Brothers Asset Management (CBAM) business to Oaktree Capital for £200 million. This divestiture aligns with the company's strategy to simplify its operat...
Close Brothers (LSE:CBG) Records Income Growth, Profit Surge, and Strategic Focus in Recent Half
September 19, 2024 06:09 PM AEST| By Team Kalkine MediaClose Brothers Group PLC (LSE:CBG) reported strong preliminary results for the year ended 31 July 2024, showing a slight increase in operating income and a substantial jump in statutory operating profit. The group's performance was buoyed by robust g...
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S4Capital (LSE:SFOR) Faces Revenue Decline but Maintains Profit Targets Amid Challenging Market Conditions
September 19, 2024 06:00 PM AEST| By Team Kalkine MediaS4Capital plc (LSE:SFOR) has reported a decline in net revenue for the full year but remains confident in achieving its profit targets. Despite challenges, including a difficult macroeconomic environment and reduced activity in its Technology Service...
Close Brothers (LSE:CBG) to Sell Asset Management Unit to Oaktree Capital for £200 Million
September 19, 2024 05:57 PM AEST| By Team Kalkine MediaClose Brothers Group plc (LSE:CBG) has announced the sale of its wealth management division, Close Brothers Asset Management ("CBAM"), to funds managed by Oaktree Capital Management, L.P. ("Oaktree") in a transaction valued at up to £200 million. The...
L&G Shareholders ‘May Be Disappointed’ with Details of CALA Sale
September 18, 2024 09:36 PM AEST| By Team Kalkine MediaAfter months of speculation, Legal & General Group PLC (LSE: LGEN) has confirmed the sale of its housebuilding subsidiary CALA for £1.35 billion, exceeding earlier estimates of £1 billion. However, some market analysts suggest there may be disappoint...
Argentex Group’s (LSE:AGFX) New Addition to the Board Enhances Expertise in Technology Transformation
September 18, 2024 07:37 PM AEST| By Team Kalkine MediaArgentex Group PLC (LSE:AGFX), a global leader in currency risk management and alternative banking, has announced the appointment of Rina Ladva to its Board as an Independent Non-Executive Director, effective 1 October 2024.,Rina Ladva’s Expertise an...
Halyk Bank (LSE:HSBK) Announces Up to $50 Million GDR Repurchase Programme to Optimize Capital Structure
September 18, 2024 07:35 PM AEST| By Team Kalkine MediaHalyk Bank of Kazakhstan Joint Stock Company (LSE:HSBK) has initiated a global depositary receipts (GDR) repurchase programme following a Board of Directors decision on 16 September 2024. The programme is set to cover up to USD 50 million, aimed at o...
Jade Road Investments (LSE:JADE) Launches £1 Million Convertible Loan Notes
September 18, 2024 07:30 PM AEST| By Team Kalkine MediaJade Road Investments Limited (LSE:JADE) has announced the issuance of up to £1,000,000 in principal value of convertible loan notes (CLN), following its previous update on 16 August 2024. The CLN is non-interest bearing, features a maturity period o...
London SPAC Becket to Acquire UAE Rare Earths Firm SMT
September 18, 2024 07:29 PM AEST| By Team Kalkine MediaSMT Holdings, a rare earths company based in the United Arab Emirates, plans to pursue a listing in London through a merger with Becket Invest PLC, a special purpose acquisition company (SPAC).,Becket Invest PLC,(LSE:TAB),, which listed last summer w...
Foresight Solar Fund Expands Divestment Plan into Second Phase
September 18, 2024 05:17 PM AEST| By Team Kalkine MediaForesight Solar Fund Ltd,(LSE:FSFL),has demonstrated resilience during the first half of the year, while also making strides to address its share price discount to net assets. Recently, the board expanded the share buyback program by an additional £1...
Legal & General Confirms £1.35bn Transaction for CALA Homes
September 18, 2024 04:44 PM AEST| By Team Kalkine MediaLegal & General Group PLC,(LSE:LGEN),has confirmed the sale of its UK housebuilding subsidiary, CALA Group, following months of speculation. The transaction, valued at £1.35 billion, involves a buyer controlled by investment firms Sixth Street Partne...
Former NatWest CEO Alison Rose Takes DEI Role at Leading Law Firm
September 17, 2024 05:29 PM AEST| By Team Kalkine MediaAlison Rose, the former CEO of NatWest Group PLC,(LSE:NWG),, has been appointed by the City law firm Mishcon de Reya to advise on its diversity, equity, and inclusion (DEI) strategy. This new role follows Rose's departure from NatWest, which was mark...
Phoenix Group Abandons SunLife Disposal
September 16, 2024 06:24 PM AEST| By Team Kalkine MediaPhoenix Group Holdings PLC,(LSE: PHNX),, a leading FTSE 100 pensions company, has decided to cancel its planned disposal of the life insurance subsidiary SunLife, which was initially announced in June. The decision comes amid ongoing uncertainty in t...
JTC Makes Splash with $80 Million Purchase of Citi Trust
September 16, 2024 06:04 PM AEST| By Team Kalkine MediaOn Monday, professional services provider JTC (LSE:JTC) announced the acquisition of Citi Trust, the global fiduciary and trust administration services business, from Citigroup for $80 million.,Citi Trust offers a comprehensive range of fiduciary sol...
Octopus Renewables Posts 2% NAV Return for First Half
September 16, 2024 06:04 PM AEST| By Team Kalkine MediaOctopus Renewables Infrastructure Trust (LSE:ORIT) reported a 2% net asset value total return for the first half of the year, up from 0.9% during the same period last year. The London-listed company has raised its target dividend for 2024 to 6.02p pe...
HgCapital's Leading Investments Fuel NAV Growth in First Half
September 16, 2024 06:04 PM AEST| By Team Kalkine MediaHgCapital Trust,(LSE:HGT),, a FTSE 250-listed company focused on European and transatlantic software and services businesses, reported a 6.4% increase in net asset value (NAV) during the first half of the year. The growth was driven by strong double-...
Close Brothers (LSE:CBG) CEO Adrian Sainsbury Takes Temporary Medical Leave; Mike Morgan Assumes Responsibilities
September 16, 2024 05:25 PM AEST| By Team Kalkine MediaClose Brothers Group plc (LSE:CBG) has announced that its Group Chief Executive, Adrian Sainsbury, is taking a temporary medical leave of absence. During his absence, the company has implemented a robust cover arrangement to ensure the uninterrupted...
AI on the Rise: A Look at Top AI Companies and Their Stocks