Financial

Phoenix Group (LSE:PHNX) Strengthens Operational Momentum as it Delivers on 3-Year Strategy
September 16, 2024 05:18 PM AEST| By Team Kalkine MediaPhoenix Group (LSE:PHNX), a leading UK-based provider of long-term savings and retirement products, has reported robust financial results for the first half of 2024, highlighting increased cash generation and operating profit as it continues to execu...

Oakmount & Partners Poised for Investor Confidence Comeback
September 14, 2024 04:57 AM AEST| By Team Kalkine MediaOakmount & Partners Ltd's managing director, Glenn King, recently provided an update to Proactive on the company's latest activities and future strategies. King discussed the forthcoming listing of InterGroup Mining, a mining company that is set to d...

Chesnara Eyes More Deals as Cash Flow Strengthens
September 14, 2024 04:57 AM AEST| By Team Kalkine MediaChesnara PLC,(LSE:CSN),CEO, Steve Murray, recently discussed the company's financial performance for the latest half-year period, highlighting key aspects of cash generation, M&A prospects, and medium-term opportunities.,During this period, Chesnara...

Investec’s Wealth Management Shift to Take Center Stage
September 14, 2024 03:13 AM AEST| By Team Kalkine MediaAfter a period marked by significant restructuring, Anglo-South African bank Investec PLC,(LSE:INVP),is expected to enter a more stable phase. Recent strategic moves have included major transformations within the company, aiming to streamline operati...

Close Bros Rally Faces Test in Full-Year Update
September 14, 2024 03:13 AM AEST| By Team Kalkine MediaClose Brothers Group PLC (LSE:CBG) has seen its shares rise significantly as interest rates have begun to fall and concerns over the FCA's motor finance investigation have diminished. Currently trading at 543p, the shares have climbed 80% from their...

Phoenix Group Balance Sheet in Spotlight for Next Week’s Update
September 14, 2024 03:13 AM AEST| By Team Kalkine MediaPhoenix Group Holdings PLC (LSE:PHNX), a prominent player in life and pensions, begins the week with sustained momentum in bulk annuity transactions, showing no signs of slowing down.,Recently, Phoenix’s subsidiary, Standard Life, completed another n...

Volvere Soars as Shire Foods Subsidiary Reports Record Performance
September 13, 2024 08:17 PM AEST| By Team Kalkine MediaVolvere,(LSE:VLE),saw its shares surge by over 13% on Friday morning following a significant boost in profits, driven largely by exceptional results from its subsidiary, Shire Foods.,In its latest financial update, Volvere reported a substantial incr...

Lloyds and Barclays Drive Banks Higher as Market Welcomes Eased Basel Rules
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaThe Bank of England has introduced new rules designed to ease lending for small businesses and mortgage funding, marking a significant shift in regulatory policy. Following this announcement, shares in major banks including Lloyds Banking Group PLC,(...

Brooks Macdonald Sells International Arm to Focus on UK
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaBrooks Macdonald Group plc,(LSE:BRK),has revealed the sale of its international division to Canaccord Genuity,[,(TSX:CF),,,(LSE:CF) ],Wealth for £50.85 million. This move is aimed at simplifying Brooks Macdonald’s operations and refocusing on its UK...

HeiQ Hits New Low After Warning of Fundraising Needs
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaHeiQ PLC,(LSE:HEIQ),experienced a dramatic 44% drop in its share price, reaching a new all-time low of approximately 5p. The significant decline follows the company’s announcement that it needs to secure additional funding due to a challenging market...

Harmony Energy Fully Powers Up Battery Storage Portfolio
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaHarmony Energy Income Trust PLC,(LSE:HEIT),has reached a significant milestone by successfully energizing its battery storage projects in Yorkshire and Durham, marking the completion of its entire portfolio.,The company announced that the Hawthorn Pi...

IG Group Reaches All-Time High, Setting New Milestone
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaIG Group Holdings Plc,(LSE:IGG),has reached a record share price of 970p, fueled by strong performance revealed in its first-quarter trading update.,For the first quarter, the FTSE 250-listed company reported revenues of £278.9 million, reflecting a...

Oakmount & Partners Eyes Expansion as Investor Confidence Rises
September 12, 2024 09:23 PM AEST| By Team Kalkine MediaOakmount & Partners Ltd has reported a resurgence in confidence among UK private investors since July, following a challenging period for consumer sentiment over the past year. CEO Glenn King has maintained a steadfast approach towards the firm's str...

Electric Guitar Announces Digital Alchemy Collaboration Event
September 12, 2024 06:44 PM AEST| By Team Kalkine MediaElectric Guitar PLC,(LSE:ELEG),, a digital marketing firm specializing in first-party data solutions, has announced an upcoming collaborative event with Digital Alchemy. The event is scheduled for September 25 at the Sofitel Singapore City Centre.,Th...

Brooks Macdonald (LSE:BRK) to Sell International Subsidiary BMI to Canaccord for £50.85 Million
September 12, 2024 05:40 PM AEST| By Team Kalkine MediaBrooks Macdonald Group plc (LSE:BRK) has announced the sale of its wholly-owned subsidiary, Brooks Macdonald Asset Management (International) Limited (BMI), to Canaccord Genuity Wealth (International) Holdings Limited (“Canaccord”). The sale, which i...

Boohoo Moves US Fulfillment Operations to the UK
September 11, 2024 05:57 PM AEST| By Team Kalkine MediaBoohoo Group PLC,(LSE:BOO),has announced that it will begin fulfilling US orders from its advanced automated distribution center located in Sheffield, UK. This strategic move aims to expand the product range available to US customers, who currently h...

Chesnara Reports Strong Cash Flow Despite Earnings Dip
September 10, 2024 09:37 PM AEST| By Team Kalkine MediaChesnara,(LSE:CSN),reported strong cash generation and continued dividend growth in its interim results on Tuesday, although earnings showed a decline compared to the previous year.,The London-listed insurance company generated £29 million in commerc...

Experian's Ownership Dominated by Institutions
September 10, 2024 08:03 PM AEST| By Team Kalkine MediaExperian plc, a prominent company within the,financial sector,, has a notable ownership structure heavily influenced by institutional investors. Institutions hold 51% of the company, reflecting their significant stake in Experian's performance. Under...

Schroders' CFO Set to Step Up as New CEO
September 10, 2024 07:43 PM AEST| By Team Kalkine MediaOn Tuesday, Schroders,(LSE:SDR),announced the appointment of Richard Oldfield as the new Group Chief Executive, effective from November 8, subject to regulatory approval.,Oldfield will succeed Peter Harrison, who has served as CEO since 2016. With a...

Tillbrook to step down as Alpha Group CEO; Chair Kahn to succeed
September 10, 2024 07:20 PM AEST| By Team Kalkine MediaAlpha Group International,(LSE:ALPH),announced on Tuesday that Morgan Tillbrook will step down as Chief Executive Officer and director on December 31, with Clive Kahn, the company’s chairman since 2016, set to succeed him as CEO from January 1, 2025....
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