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Financial
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Key Players in UK Financial Sector: Arbuthnot Group and More
August 05, 2024 09:00 AM AEST| By Team Kalkine MediaRecent performance trends of the FTSE 100 and FTSE 250 indices highlight broader concerns about global economic stability, particularly influenced by China's sluggish recovery from the pandemic. In light of these uncertainties, identifying resilient...
Riverstone Share Updates on Investment in Harland & Wolff
August 02, 2024 11:03 PM AEST| By Team Kalkine MediaRiverstone Credit Opportunities Income (LSE:RCOI), an LSE-listed investor specializing in energy infrastructure and energy-transition credit, has issued a statement regarding its investment in Harland & Wolff Group Holdings Plc (Harland & Wolff). The...
Hargreaves Lansdown Set to Exit FTSE 100 Amid Private Equity Buyout Offer
August 02, 2024 01:57 AM AEST| By Team Kalkine MediaHargreaves Lansdown (,HL,), a leading British investment fund supermarket, has announced its intention to accept a substantial buyout offer from a consortium of private equity investors. The proposed offer, valued at £11.40 per share, comes from US p...
Barclays Revised Net Interest Income Guidance for 2024, Targets Income of £30bn in 2026
August 01, 2024 07:37 PM AEST| By Team Kalkine MediaBarclays PLC (,BARC,) has reported a Group statutory Return on Tangible Equity (RoTE) of 11.1% for the first half of 2024, with a slightly higher 12.0% RoTE when excluding inorganic activity. For the second quarter of 2024, the Group's statutory RoTE...
Walker Crips’ Operating Profit Dropped 89% in FY 2024, AUM Falls Over 13%
August 01, 2024 03:27 AM AEST| By Team Kalkine MediaWalker Crips Group plc (,WCW,), a provider of investment management, wealth management services, pensions administration, and regulatory technology, has released its audited financial results for the fiscal year ending March 31, 2024. The company's t...
HSBC Holdings Reports Stable 1H24 Profit and Announces Share Buy-Back
August 01, 2024 01:03 AM AEST| By Team Kalkine MediaHSBC Holdings PLC (,LSE:HSBA,)has reported steady financial performance for the first half of 2024. The bank achieved a profit before tax of $21.6 billion, remaining stable compared to 1H23. However, profit after tax decreased slightly by $0.4 billio...
NatWest Group (LSE:NWG) Expands Mortgage Portfolio with Acquisition from Metro Bank
July 26, 2024 05:48 PM AEST| By Team Kalkine MediaNatWest Group plc (LSE:NWG) has announced a strategic acquisition of a £2.5 billion portfolio of prime UK residential mortgages from Metro Bank plc. This deal marks a significant expansion of NatWest Group’s mortgage business, aligning with its growt...
IG Group’s (LON:IGG) Revenue Drops in FY24 Amidst Market Challenges
July 25, 2024 06:03 PM AEST| By Team Kalkine MediaIG Group Holdings plc (,LON:IGG,) has unveiled its financial results for the fiscal year ending 31 May 2024 (FY24). The results reflect a period of adaptation and strategic change amid slower market conditions and leadership transitions.,Financial Pe...
Informa PLC (LSE:INF) Announces Cash Offer for Ascential PLC
July 24, 2024 04:53 PM AEST| By Team Kalkine MediaInforma PLC (LSE:INF) and Ascential PLC have announced an agreement for a recommended cash offer by Informa for the entire issued and to be issued share capital of Ascential. The transaction is intended to be carried out via a Court-sanctioned scheme...
Invesco Perpetual Announces Return of Capital via Special Dividend
July 19, 2024 04:40 PM AEST| By Team Kalkine MediaInvesco Perpetual UK Smaller Companies Investment Trust PLC has announced a return of capital to shareholders, following its initial announcement on May 22, 2024. The Board is pleased to offer this return, which involves up to 10 percent of the compa...
Chrysalis Investments (LON: CHRY) Benefits from Graphcore Acquisition by SoftBank
July 12, 2024 05:59 PM AEST| By Team Kalkine MediaChrysalis Investments Limited (,LON: CHRY,) has confirmed that Graphcore, a company in which it held a stake, is being acquired by SoftBank Group Corp (SoftBank). This acquisition is expected to result in cash proceeds of approximately $56.0 million...
Odyssean Investment (LON: OIT) Announces Fundraising Through Placing and Retail Offer
July 12, 2024 05:56 PM AEST| By Team Kalkine MediaOdyssean Investment Trust plc (,LON: OIT,) has unveiled plans for a significant fundraising initiative, aimed at bolstering its capital base to meet growing investor demand and strategic investment opportunities.,The Fundraising Initiative,The board...
AssetCo (LON: ASTO) Reports Progress and Strategic Initiatives in 2024 Half-Year Report
June 28, 2024 05:36 PM AEST| By Team Kalkine MediaAssetCo plc (,LON: ASTO,) has released its 2024 Half-Year Report for the six months ended 31 March 2024, showcasing notable achievements and strategic developments aimed at enhancing operational efficiency and profitability.,Financial Performance and...
Phoenix Group Initiates Process to Explore Sale of SunLife
June 26, 2024 05:17 PM AEST| By Team Kalkine MediaPhoenix Group Holdings plc has announced its decision to explore a potential sale of SunLife Limited, a significant player in the UK's over 50s financial protection market. This strategic move follows a comprehensive review by the Board, which determ...
Phoenix Group Advances Deleveraging Programme with Debt Redemption and Refinancing
June 20, 2024 10:27 PM AEST| By Team Kalkine MediaPhoenix Group Holdings pl has successfully completed the initial phase of its deleveraging programme, which includes a significant debt redemption and refinancing exercise. This strategic move is part of the Group's broader goal to repay at least £50...
Sainsbury’s Announces Sale of Core Banking Business to NatWest Group
June 20, 2024 10:24 PM AEST| By Team Kalkine MediaJ Sainsbury PLC has entered into an agreement to sell the personal loan, credit card, and retail deposit portfolios of Sainsbury's Bank plc to NatWest Group, one of the UK’s leading banks. This strategic transaction aligns with Sainsbury's phased wit...
ReSI (LSE: RESI) Announces 1.03 pence Interim Dividend, Strengthening Shareholder Returns
June 18, 2024 04:11 PM AEST| By Team Kalkine MediaResidential Secure Income plc (,LSE: RESI,), a company dedicated to investing in independent retirement living and shared ownership properties to provide secure, inflation-linked returns, has declared an interim dividend of 1.03 pence per Ordinary Sh...
Foresight Group (LON: FSG) Secures €300 Million Commitments for Flagship Energy Transition Strategy
June 05, 2024 07:46 PM AEST| By Team Kalkine MediaForesight Group Holdings Limited (,LON: FSG,), a leading infrastructure and private equity investment manager, has provided an update on the progress of its flagship energy transition strategy, marking a significant milestone in its ongoing commitmen...
Vectron Systems AG and Shift4 Announce Strategic Business Combination
June 03, 2024 05:08 PM AEST| By Team Kalkine MediaVectron Systems AG has entered into a significant Business Combination Agreement with Shift4, a US-based company specializing in integrated payments and commerce technology. This partnership aims to drive a joint growth strategy for both companies. S...
HSBC Fined £6.28 Million by FCA for Mishandling Customers in Financial Difficulty
May 24, 2024 11:14 PM AEST| By Team Kalkine MediaThe Financial Conduct Authority (FCA) has imposed a fine of £6,280,100 on HSBC Bank plc, HSBC UK Bank plc and Marks and Spencer Financial Services plc (collectively referred to as HSBC) for their mishandling of customers in arrears or experiencing fi...
AI on the Rise: A Look at Top AI Companies and Their Stocks