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Financial
Zurich Insurance (SWX: ZURN) to buy MetLife’s (NYSE: MET) US unit for $3.94 bn
December 12, 2020 12:03 AM AEDT| By Hina ChowdharySummary Zurich Insurance Group has agreed to buy the US property and casualty (P&C) business of MetLife Inc Both Zurich Insurance Group and MetLife have agreed on a deal size of $3.94 billion Zurich Insurance Group shares slipped 2.13 per .....
What is the performance of recent investments made by Impax Environmental Markets PLC?
December 10, 2020 01:03 AM AEDT| By Team Kalkine MediaSummary Impax Environmental Markets Plc has reported NAV per share, including current financial year revenue items of 387.50 pence. The Company is having a current portfolio valued at 2.9x P/B as of 30 June 2020. The Company has underperformed.....
SocGen to merge bank networks, expects to save €450 mn by 2025
December 08, 2020 02:34 AM AEDT| By Hina ChowdharySummary Société Générale SA has announced that it will be merging two of its retail banking networks This will result in saving more than €450 million by 2025 in total The amalgamated retail unit will serve abo.....
UOB Employs New Artificial Intelligence Tool for Tracing Financial Crime
December 07, 2020 07:59 PM AEDT| By Team Kalkine MediaSummary United Overseas Bank Limited is tracking financial crime in its system with the help of a new artificial intelligence solution UOB said the new artificial intelligence had demonstrated a largely true accurate prediction rate of 96 per c.....
What is the success story behind AJ Bell Youinvest platform?
December 05, 2020 01:29 AM AEDT| By Kunal SawhneySummary AJ Bell Plc has reported an increase in revenue of 21.0% during FY20. The customer retention rate remained high and stood at 95.5% for FY20. The increase in new customers have witnessed record growth and increased by 27%. AJ Bell .....
Lloyds Bank’s Horta-Osório proposed as next chairman of Credit Suisse
December 01, 2020 10:11 PM AEDT| By Kunal SawhneySummary Credit Suisse has proposed António Horta-Osório, Lloyds Banking Group outgoing CEO, as its new chairman Horta-Osório will replace Urs Rohner who will step down in 2021 after serving Credit Suisse for 12 years The b.....
R&Q Re Ltd has signed an agreement to acquire a Vermont Bermuda-domiciled captive insurance company
December 01, 2020 04:00 AM AEDT| By Kunal SawhneySummary This is the third acquisition of a captive insurance company by R&Q this year, whose clients are spread across the North America However, the deal is subject to a regulatory approval So far this year, the company has entered into s.....
Sabadell owned TSB once again on the block
November 28, 2020 10:52 PM AEDT| By Kunal SawhneySummary Spanish owner of TSB is mulling over selling the UK bank Banco Sabadell, the owner, stated that it was focusing on a new strategy by prioritising its domestic Spanish business The Spanish owner of TSB has prompted speculation of se.....
How would Amigo Holdings recover from weaker lending activity due to Covid-19 pandemic?
November 28, 2020 02:28 AM AEDT| By Kunal SawhneySummary Amigo Holdings Plc has reported a revenue contraction of 36.5% during H1 FY21. The Company has witnessed a net loan book reduction of 33.6% to £2 million during H1 FY21. The number of customers declined by 21.0% during H1 FY21. .....
Aviva (LON: AV) to offload its Italian arm
November 25, 2020 01:17 AM AEDT| By Team Kalkine MediaSummary The company will sell off its Italian arm Aviva Vita for €400 million to UBI Banca During September this year, the company sold off its Singapore business for £1.6 billion to Singlife, its local competitor These sales are a .....
IamFire Plc (LON: FIRE) Completes Significant Investments in WeShop & Bio2pure
November 24, 2020 11:52 PM AEDT| By Team Kalkine MediaSummary IamFire Plc is an investment issuer listed on the AQSE Growth Market Exchange with the ticker, AQSE: FIRE. IamFire Plc focuses on identifying opportunities in technology, life sciences, and natural resources. Two recently concluded inv.....
How Are Insurance Stocks Reacting to FCA Charges of Escaping Liability for Pandemic-Related Business Losses?
November 19, 2020 01:59 AM AEDT| By Team Kalkine MediaSummary The Financial Conduct Authority has told the UK Supreme Court that UK based insurers are violating the essence of insurance Insurance companies are reluctant to settle Covid-19 claims as settling these claims would cost them a huge amou.....
Clean Energy Push: Aviva Launches One of The UK’s Biggest Solar Energy Carport
November 18, 2020 01:30 AM AEDT| By Hina ChowdharySummary Aviva’s solar project in Perth to be the UK’s biggest solar energy carport and battery facility The project has received £1.5 million of Scottish Government funding A survey states that 64 per cent of Scottish people .....
Aviva PLC (LON: AV.) Launches Abridged Advice Service
November 17, 2020 03:44 AM AEDT| By Hina ChowdharySummary Aviva PLC has launched an abridged advice service to help customers who are considering transferring out of their defined benefit pension This will help close the advice gap and will also help in avoiding long procedure for seeking sugg.....
Is Sainsbury’s Bank Going to Be the First Major Acquisition of Natwest Since Its 2008 Bailout?
November 14, 2020 06:07 PM AEDT| By Kunal SawhneySummary NatWest Group PLC is planning for a potential takeover of Sainsbury’s Bank The last major deal by the Group was the takeover of ABN Amro in 2007 which was worth £49 billion, which had ultimately led to weakening of the banki.....
FTSE 100’s Oldest Insurer RSA Receives A £7 Billion Takeover Bid
November 07, 2020 08:32 PM AEDT| By Kunal SawhneySummary The Company received a £7 billion takeover proposal from Intact and Tryg The operating landscape of insurers remain highly volatile with the continuing uncertainty of the Covid-19 pandemic RSA shares have risen over 50 per cent i.....
Provident Financial Shares Jump 4% After Reporting Growth in Q3 Business
November 05, 2020 02:01 AM AEDT| By Kunal SawhneySummary The customer spends at Vanquis Bank, a subsidiary of Provident Financial, rose nearly by 31 per cent in the July-September quarter The stock of Provident Financial gained as much as 4.37 per cent to hit a one-month high of GBX 243.60 on.....
Barclays And Natwest Group in Focus as Business Borrowing from Banks Surge Fivefold
November 03, 2020 10:30 PM AEDT| By Team Kalkine MediaSummary Net borrowings by the businesses in the UK has gone up drastically amid the pandemic Banks are under pressure as they provided payment holidays and waived ancillary charges In the present scenario, the banks need to roll-out sector-sp.....
Second Lockdown: Mortgage Holidays Are Set To Be Extended For Next Six Months
November 03, 2020 03:56 AM AEDT| By Team Kalkine MediaSummary The Financial Conduct Authority (FCA) is expected to make an official announcement and propose updates on the same shortly The further extension of the financial rescue package will help those facing extended furlough or ongoing pr.....
Is It A Good Idea to Invest in Financial Stocks for Upcoming Year?
October 31, 2020 05:57 AM AEDT| By Team Kalkine MediaSummary Adding financial stocks in the portfolio is one of the popular investment strategies amongst investors. Investors with lesser risk appetite can consider these stocks for their portfolio SVE, BRH, and CMCX have delivered triple-digit p.....
AI on the Rise: A Look at Top AI Companies and Their Stocks