Financial

Electric Guitar PLC Teams with Exelia to Innovate AI-Driven Digital Advertising
August 12, 2024 07:35 PM AEST| By Team Kalkine MediaElectric Guitar PLC, a prominent player in the,Financial sector,, has announced a new joint venture with Exelia focused on developing AI-driven products. The collaboration aims to leverage advancements in artificial intelligence and data insights to...

Kazera Global PLC Secures New Debt Facility for Acquisition
August 12, 2024 05:12 PM AEST| By Team Kalkine MediaKazera Global PLC (LSE: KZG), a mining-focused investment company, has entered into a debt facility agreement with its two largest shareholders, Richard Jennings and Tracarta Ltd. Under this agreement, Jennings and Tracarta Ltd will each provide unse...

What Investors Need to Know About Hargreaves Lansdown’s Acquisition?
August 12, 2024 05:08 PM AEST| By Team Kalkine MediaHargreaves Lansdown (LSE: HL), a prominent UK investment platform, has agreed to a takeover deal valued at £5.4 billion with a consortium of private equity investors. This transaction will result in the company being delisted from the London Stock Ex...

Regulatory Pressures Prompt HSBC to Halt Branch Closures
August 12, 2024 05:03 PM AEST| By Team Kalkine MediaHSBC Holdings PLC (LSE: HSBA) has announced that it will maintain its branch network intact until at least 2026. This pledge comes in response to increasing pressure from regulators and politicians focused on ensuring continued access to cash and in-...
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Lancashire Holdings Approaches Ex-Dividend Date with Dividend Uncertainty
August 12, 2024 09:00 AM AEST| By Team Kalkine MediaLancashire Holdings Limited, a,financial stock,, is nearing its ex-dividend date, which is of interest to current shareholders and market watchers. The ex-dividend date is the last day investors can purchase shares and still qualify for the upcoming...

TBC Bank Group Declares Interim Dividend. Details Here.
August 09, 2024 11:08 PM AEST| By Team Kalkine MediaTBC Bank Group PLC (LSE:TBCG) has announced an interim dividend of GEL 2.55 per share. This dividend will be payable in Pounds Sterling to shareholders registered at the close of business on the record date of 4 October 2024.,Dividend Payment Timetab...

JPMorgan Claverhouse Investment Trust PLC Reports Half-Year Results
August 09, 2024 09:49 PM AEST| By Team Kalkine MediaDuring the six-month period ending 30 June 2024, the UK economy showed signs of recovery from the inflation and cost of living challenges that emerged in 2022. The UK economy exited a mild recession, with growth rates still below pre-crisis levels. I...
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Evaluating the Discounted Shares of Scottish Mortgage Investment Trust
August 09, 2024 09:39 PM AEST| By Team Kalkine MediaScottish Mortgage Investment Trust (LSE: SMT) has experienced a decline in share value over the past month, with a drop of 8.2%, compared to a 0.6% decrease in the FTSE 100. This recent decline has offset some of the gains the stock had accumulated e...

Renewables Infrastructure Group Faces Challenges Amid Declining Share Price
August 09, 2024 09:33 PM AEST| By Team Kalkine MediaThe share price of Renewables Infrastructure Group (LSE: TRIG) is presently more than 20% below the value of its underlying assets. The company’s net asset value (NAV) has decreased by 4% since the beginning of the year, primarily due to lower power...

Investment Trust NAV Up, But Performance Trails Reference Index
August 09, 2024 08:44 PM AEST| By Team Kalkine MediaOn Friday, Murray International Trust PLC (LSE: MYI) announced a cautious outlook amid ongoing geopolitical uncertainties, despite reporting an increase in net asset value (NAV). The NAV per share rose by 2.9%, reaching 276.7 pence as of June 30, up...

Hargreaves Lansdown PLC Accepts £5.44 Billion Acquisition Offer
August 09, 2024 08:27 PM AEST| By Team Kalkine MediaHargreaves Lansdown PLC (LSE: HL) has agreed to a £5.44 billion takeover offer from a consortium led by CVC Private Equity Funds. The consortium also includes Nordic Capital XI Delta and Platinum Ivy B 2018 RSC Ltd, a subsidiary of the Abu Dhabi Inve...

Burford Capital Posts Major Revenue Increase in Second Quarter
August 09, 2024 06:55 PM AEST| By Team Kalkine MediaBurford Capital limited, a litigation,finance sector,firm, reported a substantial rise in revenues for the second quarter, describing the results as "strong." The firm noted a 217% increase in total revenues from its operations, with its capital prov...

Barclays Raises Bonus Cap for Senior Bankers
August 09, 2024 06:48 PM AEST| By Team Kalkine MediaBarclays, a,financial sector,firm, has joined JPMorgan and Goldman Sachs in raising the cap on bonuses for senior bankers, marking a shift from previous restrictions. The new cap for material risk takers at Barclays has been set at up to 10 times the...

Electric Guitar PLC Announces Acquisition of Mymyne Limited
August 09, 2024 06:35 PM AEST| By Team Kalkine MediaElectric Guitar PLC (LSE: ELEG), a digital marketing and advertising company specializing in first-party data solutions, has announced the agreement to acquire Mymyne Limited, a developer of data-related software and provider of associated sales and...

TBC Bank Group PLC Reports 2Q and 1H 2024 Financial Results
August 09, 2024 06:21 PM AEST| By Team Kalkine MediaFor the second quarter of 2024, TBC Bank Group PLC (LSE: TBCG) reported a net profit of GEL 329 million, reflecting a 12% increase compared to the same period in the previous year. The return on equity (ROE) for this quarter was 27.1%. This result co...

UK Banks Shift from EU-Imposed Bonus Cap as Barclays Sets New Precedent
August 09, 2024 05:09 PM AEST| By Team Kalkine MediaBarclays (LSE: BARC) has officially removed the cap on bankers' bonuses that was previously imposed by the EU. This change allows for bonuses up to ten times the bankers' salaries, as announced in an internal memo to staff. This move follows a decisi...

Island Poke Collapse Leaves NatWest with Shortfall
August 09, 2024 05:08 PM AEST| By Team Kalkine MediaNatWest (LSE: NWG) is expected to experience a shortfall following the collapse of Island Poke, a London-based Hawaiian food chain. The bank, which is a major creditor of Island Poke, was involved in the company’s sale during its pre-pack administrat...

Burford Capital’s Second-Quarter Gains Offset by Weak Start to the Year
August 09, 2024 05:04 PM AEST| By Team Kalkine MediaOn Thursday, Burford Capital Ltd (LSE: BUR) released its earnings report for the second quarter, showing a recovery. The litigation finance firm, with offices in London, New York, and other locations, reported revenue of USD 159.7 million for the qua...

Jarvis Securities' Declining Earnings Impact Valuation
August 09, 2024 09:00 AM AEST| By Team Kalkine MediaJarvis Securities plc, a company in the,financial services,sector, currently has a price-to-earnings (P/E) ratio of 5.7x. This is significantly lower than the UK market average, where P/E ratios often exceed 17x, with some companies having ratios abo...

Renewables Infrastructure Group H1 NAV Falls Due to Lower Power Prices
August 09, 2024 09:00 AM AEST| By Team Kalkine MediaThe Renewables Infrastructure Group, a FTSE 250-listed in,Financial Sector,, reported a decrease in its net asset value (NAV) for the first half of 2024, attributing the decline to lower power prices and reduced energy generation. As of June 30, the...
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