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Financial
AJ Bell COO Announces Departure Amid Strategic Shifts
September 10, 2024 06:54 PM AEST| By Team Kalkine MediaOn Tuesday, AJ Bell, a prominent operator in the investment platform sector, announced that Chief Operating Officer Roger Stott will be stepping down from the board at the end of 2024. This development marks a significant shift within the company as...
Chesnara Forecasts Strong Cash Generation as Dividend Increases
September 10, 2024 06:48 PM AEST| By Team Kalkine MediaEuropean-focused life insurer Chesnara PLC,(LSE:CSN),has continued its track record of increasing dividends, with a 3% rise in its latest half-year results. This marks the company's 21st consecutive year of dividend increases, a record matched by onl...
Vector Capital Plc Faces Share Price Decline Amid Earnings Drop
September 10, 2024 06:24 PM AEST| By Team Kalkine MediaIn the,financial sector,, Vector Capital Plc has encountered significant difficulties, with its share price falling sharply by 43% over the past month. This decline adds to a challenging year, during which the share price has decreased by 54%.,Curren...
Abrdn Appoints Interim CEO Windsor as Permanent Chief
September 10, 2024 06:13 PM AEST| By Team Kalkine MediaAbrdn PLC,(LSE:ABDN),has officially appointed Jason Windsor as Chief Executive Officer on a permanent basis, following a comprehensive search that included evaluating external candidates. Windsor, who was previously the Group Chief Financial Officer,...
abrdn Appoints Jason Windsor as New Group CEO Following Leadership Transition
September 10, 2024 05:20 PM AEST| By Team Kalkine Mediaabrdn plc (LSE:ABDN) has officially appointed Jason Windsor as its Group Chief Executive Officer (CEO), subject to regulatory approval. Windsor, who has been serving as the Interim Group CEO, previously held the position of Group Chief Financial Offi...
Digital 9 Alerts to Valuation Decline, Shares Drop
September 06, 2024 09:24 PM AEST| By Team Kalkine MediaShares in Digital 9 Infrastructure (,LSE:DGI9,) experienced a decline on Friday following a warning about a significant decrease in the valuation of its portfolio.,The London-listed trust reported that an ongoing review indicated the aggregate valuat...
Regulators Approve Nationwide's £2.9B Virgin Money Takeover
September 06, 2024 08:31 PM AEST| By Team Kalkine MediaNationwide Building Society’s £2.9 billion acquisition of Virgin Money UK,(LSE:VMUK),has received regulatory approval, as announced on Friday. Both the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority have endorse...
Nationwide Obtains Regulatory Approval For Virgin Money Acquisition
September 06, 2024 05:09 PM AEST| By Team Kalkine MediaNationwide Building Society (,LSE:NBS,)has received official approval from British regulators to proceed with the acquisition of Virgin Money UK PLC This move, first announced in March, has been cleared for finalization after Virgin Money’s board end...
Digital 9 Infrastructure Reports Expected Drop in Portfolio Valuation Amid Financial Review
September 06, 2024 04:45 PM AEST| By Team Kalkine MediaDigital 9 Infrastructure PLC (LSE:DGI9) has announced an update on its unaudited portfolio valuation and Net Asset Value (NAV) for the six-month period ending June 30, 2024. In advance of its interim results, the Board of Directors is in the process...
Funding Circle Reaches Inflection Point Sooner Than Forecasted
September 05, 2024 09:45 PM AEST| By Team Kalkine MediaShares of Funding Circle Holdings PLC (,OTC:FDCHF,) soared on Thursday following the commercial lender's announcement of significantly improved financial performance, signaling the start of a positive profit trend.,Significant Profit Turnaround,Accor...
Ashmore Posts Full-Year Profit Growth Despite AuM Challenges
September 05, 2024 09:38 PM AEST| By Team Kalkine MediaEmerging markets-focused asset manager Ashmore Group,(LSE:ASHM),Apresented a relatively strong set of final results on Thursday, despite facing challenges related to assets under management (AuM).,By the end of June, the FTSE 250 company's AuM totale...
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FRP Advisory Acquires Newcastle-Based Corporate Finance Firm
September 05, 2024 03:09 AM AEST| By Team Kalkine MediaOn Wednesday, FRP Advisory Group,(LSE:FRP),, a prominent business advisory firm, disclosed its acquisition of Williams Ali Corporate Finance, a Newcastle-based provider of corporate finance services. The financial details of the acquisition were not...
CAB Payments H1 Profits Slump Amid Persistent FX Headwinds
September 05, 2024 03:01 AM AEST| By Team Kalkine MediaFinancial technology firm CAB Payments,(LSE:CABP),reported a substantial drop in interim profits on Wednesday, largely due to ongoing foreign exchange headwinds that have impacted earnings.,For the six months ending 30 June, CAB Payments experienced...
Apax Global Alpha to Invest €12M in Altus Fire
September 05, 2024 02:01 AM AEST| By Team Kalkine MediaApax Global Alpha,(LSE:APAX),has announced a strategic allocation of €12 million to Altus Fire & Life Safety, a prominent provider of fire and life safety services in the northeastern United States. This move is facilitated through Apax XI, the priva...
Equals Group Extends Takeover Talks Deadline
September 04, 2024 04:15 PM AEST| By Team Kalkine MediaEquals Group PLC,(LSE:EQLS),, a financial services company listed on AIM, has announced a key update regarding its ongoing acquisition discussions. The company disclosed on Wednesday that the deadline for reaching a potential acquisition agreement ha...
Do British Banks in the FTSE 100 Remain Undervalued?
September 02, 2024 10:49 PM AEST| By Team Kalkine MediaThree prominent FTSE 100 banks—Lloyds Banking Group, Barclays, and NatWest Group—are key players in the UK financial sector. Each has a significant presence in the country, with the majority of their assets and income derived from the UK.,On 12 Febru...
Downing Renewables to Acquire Three Hydropower Plants in Sweden
September 02, 2024 10:15 PM AEST| By Team Kalkine MediaDowning Renewables & Infrastructure,(LSE:DORE),announced on Monday its plan to acquire three hydropower plants in Sweden, marking a significant expansion of its renewable energy assets.,The company, listed on the London Stock Exchange, disclosed that...
NatWest, Barclays, HSBC Slash Mortgage Rates Ahead of BoE Moves
September 02, 2024 10:05 PM AEST| By Team Kalkine MediaNatWest Group PLC,(LSE:NWG),has announced a second reduction in mortgage rates within a month, this time focusing on business deals as lenders vie for market share. Effective Tuesday, NatWest will reduce rates on two-year fixed mortgages by 19 basis...
Further Basel Delays Unlikely to Affect Major Banks
August 31, 2024 02:59 AM AEST| By Team Kalkine MediaThe anticipated delay in implementing the Basel 3.1 rules, potentially pushing their enforcement to January 2026, offers a mixed outlook for the banking sector, according to insights from broker KBW. While the postponement might bring some relief to...
Close Bros Investment Bank Says Headwinds Are Overstated
August 30, 2024 09:08 PM AEST| By Team Kalkine MediaClose Brothers Group PLC,(LSE:CBG),has faced significant challenges in 2024, evident from its sharply reduced share price. However, equities analysts at RBC Capital Markets view this situation as presenting a promising opportunity.,The decline in Clo...
AI on the Rise: A Look at Top AI Companies and Their Stocks