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Financial
NatWest App Outage Disrupts Online Banking Services
August 30, 2024 09:07 PM AEST| By Team Kalkine MediaOn Friday morning, customers of NatWest Group PLC,(LSE:NWG),, HSBC Holdings PLC, and TSB Banking Group faced significant disruptions with their banking apps, which affected their ability to process payments. According to DownDetector, the problems wi...
CAB Payments Teams Up with Visa Direct for 'Last Mile' Payments
August 30, 2024 12:17 AM AEST| By Team Kalkine MediaOn Thursday, CAB Payments,(LSE:CABP),, a prominent player in the foreign exchange sector, unveiled a significant partnership with Visa aimed at enhancing foreign exchange and "last mile" payment solutions across emerging markets. This strategic colla...
BBGI Delivers Impressive Interim Results
August 29, 2024 11:20 PM AEST| By Team Kalkine MediaBBGI Global Infrastructure,(LSE:BBGI),reported strong interim results on Thursday, achieving a 2.4% net asset value (NAV) total return and maintaining an impressive asset availability rate of 99.9%.,The London-listed company indicated that, despite a...
Apax Global Alpha to Invest €29M in Veriforce
August 29, 2024 11:18 PM AEST| By Team Kalkine MediaApax Global Alpha,(LSE:APAX),revealed on Thursday its intention to allocate €29 million to Veriforce, a specialist in supply chain risk management. This allocation is part of a broader transaction where the Apax XI Fund, in which AGA is a limited par...
Tastytrade Co-Founders Sosnoff and Sheridan Sell 6.5M IG Group Shares
August 29, 2024 06:27 PM AEST| By Team Kalkine MediaLate on Wednesday, Jefferies announced that Tom Sosnoff and Scott Sheridan had completed a placement of 6.5 million shares in IG Group,(LSE:IGG),. This placement involved a select group of institutional investors and represents approximately 1.8% of...
Aquis Exchange Remains Confident Despite Losing Historic Contract
August 28, 2024 02:57 PM AEST| By Team Kalkine MediaOn Wednesday, Aquis Exchange,(LSE:AQX),provided an update on its recent trading performance, showcasing modest revenue growth, a solid cash position, and strategic moves to bolster its technology division, though it also noted a £1m setback due to th...
HSBC Plans to Double UK Wealth Business, Targeting 'Mass Affluent'
August 24, 2024 12:26 AM AEST| By Team Kalkine MediaHSBC,(LSE:HSBA),has set an ambitious goal to double the assets under management (AUM) in its British wealth division, aiming to reach £100 billion ($131 billion) within the next five years. This strategic move aligns with the bank's objective to beco...
Monzo Tops UK Bank Rankings in Survey of 36,000
August 23, 2024 08:51 PM AEST| By Team Kalkine MediaJP Morgan’s Chase has emerged as one of Britain’s top-rated consumer banks just three years after its launch, according to the latest survey conducted by the Competition and Markets Authority (CMA). Despite this notable achievement, Monzo once again...
Major Bank Warns Premier League Fans About Ticket Scams
August 23, 2024 08:43 PM AEST| By Team Kalkine MediaFootball fans are being advised to remain vigilant against ticket scams following a significant increase in reported cases. Lloyds Bank has highlighted a troubling rise in fraudulent activities related to football ticket purchases.,As the Premier Lea...
Direct Line Reports Solvency Ratio Adjustment, Forecasts Strong Capital Position for Mid-2024
August 23, 2024 05:04 PM AEST| By Team Kalkine MediaDirect Line Insurance Group PLC has disclosed a revision to its previously reported Solvency II own funds for the year ended 31 December 2023. This adjustment, identified during the preparation of the Group's half-year results, involves a miscalculat...
European Stocks Rise, Stoxx 600 Nears Record High; JD Sports and Swiss Re Shine
August 22, 2024 10:37 PM AEST| By Team Kalkine MediaEuropean stocks were experiencing solid gains on Thursday, with the Stoxx 600 index up by half a percentage point by lunchtime. The index was trading at 516.39, an increase of 0.46%, drawing closer to the record closing high of 524.68 achieved in May...
Bank of Georgia Announces £21M Buyback Post-11% Profit Rise
August 22, 2024 05:36 PM AEST| By Team Kalkine MediaBank of Georgia,(LSE:BGEO),has announced a £21m share buyback program following its second-quarter financial results, which revealed an 11% increase in profits. This performance includes the first-time integration of Armenian bank Ameriabank into the...
Volta Finance's 10.8% YTD 2024 Return Outperforms Broader Credit Markets
August 22, 2024 04:57 PM AEST| By Team Kalkine MediaVolta Finance,(LSE:VTA),delivered a net performance of +0.9% in July, including a dividend payment of 14.5 cents per share. This brought the year-to-date return to +10.8% and the performance for the Financial Year (July 2023 to July 2024) to 19.7%. T...
Deutsche Bank Settles with Majority of Postbank Claimants
August 22, 2024 09:00 AM AEST| By Team Kalkine MediaGerman lender Deutsche Bank,(LSE:0H7D),has made significant progress in its long-standing Postbank litigation, reaching settlements with over half of the claimants involved. The bank now anticipates a notable boost of €430.0 million to its Q3 pre-tax...
Is Aviva the Best Value Stock in the FTSE 100?
August 22, 2024 12:55 AM AEST| By Team Kalkine MediaWhen exploring options within the FTSE 100, Aviva,(LSE: AV),frequently stands out as a noteworthy choice. The insurance company’s current valuation reflects 11 times the expected earnings for FY24, which is relatively low compared to the historical a...
HSBC Undercuts Rivals on Mortgages as Rates Move Toward 3.5%
August 21, 2024 11:04 PM AEST| By Team Kalkine MediaHSBC Holdings PLC,(LSE:HSBA),has set a new benchmark by reducing its mortgage rates to the lowest among major banks, sparking speculation that typical interest rates might drop to around 3.5% by the end of the year.,For Premier account holders, HSBC...
Molten Ventures’ Revolut Stake Value Jumps to £160 Million
August 21, 2024 11:02 PM AEST| By Team Kalkine MediaMolten Ventures,(LSE:GROW),, a leading venture capital firm focused on high-growth digital technology companies, announced a notable increase in the valuation of its stake in fintech company Revolut on Wednesday.,Following a recent secondary share sa...
Eco Buildings Secures £450k in Subscription Funding
August 21, 2024 11:00 PM AEST| By Team Kalkine MediaEco Buildings Group,(LSE:EGL) (LSE:RNEW),, a modular housing company, revealed on Wednesday that it has successfully raised £450,000 through the subscription of 4.5 million new ordinary shares from both new and existing shareholders.,The company plan...
Molten Ventures Sees Significant Uplift in Revolut Stake Following $45bn Valuation
August 21, 2024 05:43 PM AEST| By Team Kalkine MediaMolten Ventures (LSE:GROW, Euronext Dublin:GRW), a prominent venture capital firm focused on high-growth digital technology businesses, has noted a substantial uplift in the valuation of its stake in Revolut following the fintech company's recent sec...
Top 20 Shareholders Control Half of RIT Capital Partners' Stock
August 20, 2024 09:56 PM AEST| By Team Kalkine MediaA major player of,Financial sector,, RIT Capital Partners Plc has a significant level of institutional ownership, with 65% of its shares held by institutional entities. This level of ownership often indicates that the company is closely watched by la...
AI on the Rise: A Look at Top AI Companies and Their Stocks