January 17, 2021
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Ashmore reports a 9% growth in assets under management
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Ashmore reports a 9% growth in assets under management

admin January 15, 2021

Ashmore Group plc (LON: ASHM) said on Friday that its assets under management (AUM) saw a 9% annualised growth in the fourth quarter of 2020. The company valued its total AUM at £68.06 billion at the end of the year. Ashmore Group was reported more than 2% up in premarket trading on Friday, but it lost almost half of the intraday gain on market open. The money manager is now trading at a per-share price of 451 pence versus a low of 307 pence per share in the first week of April 2020. The price action should come in handy if you are interested in investing in Read More

IHS Markit reports a 1% annualised decline in its fourth-quarter revenue
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IHS Markit reports a 1% annualised decline in its fourth-quarter

admin January 13, 2021

IHS Markit reports a 1% annualised decline in its fourth-quarter revenue. The information provider tops analysts' estimates for profit in Q4. Markit says financial services revenue was 7% higher in the fourth quarter. IHS Markit Ltd. (NYSE: INFO) said on Wednesday that its adjusted profit in the fiscal fourth quarter topped analysts’ expectations. Revenue in Q4, however, came in line with what experts had forecast. The American-British information provider said that a few of its end markets that took a hit due to the ongoing Coronavirus pandemic continued to recover in recent months. Markit shares closed the regular session about 2% down on Read More

Plus500 forecasts an over 100% growth in annual revenue
Economy Europe Finance & banking Industries Services Stocks & shares UK World

Plus500 forecasts an over 100% growth in annual revenue

admin January 5, 2021

Plus500 forecasts an over 100% growth in annual revenue. Gal Haber to step down as the company's board director. Plus500 closed 2020 with a 65% gain in the stock market. In a statement on Tuesday, Plus500 Ltd (LON: PLUS) said that it expects an over 100% growth in its annual revenue. The company attributed the hawkish forecast to the Coronavirus pandemic that fuelled trading volumes this year in financial markets. In its report published in July, the British international company had recorded a massive 300% annualised growth in full-year revenue on the back of robust trading volumes in the fiscal first half. Are you Read More

NatWest says it will buy Metro Bank’s mortgage portfolio for £3.13 billion
Economy Europe Finance & banking Industries Stocks & shares UK World

NatWest says it will buy Metro Bank’s mortgage portfolio for

admin December 19, 2020

NatWest says it will buy Metro Bank’s mortgage portfolio for £31.13 billion. The deal will result in roughly £83 million of gain for Metro Bank. Metro Bank is currently about 45% down year to date in the stock market. NatWest Group plc (LON: NWG) said on Friday that it will buy Metro Bank’s (LON: MTRO) owner-occupied residential mortgage portfolio for £3.13 billion. The agreement will help the British retail and commercial bank to boost its capital amidst the ongoing Coronavirus pandemic that has weighed heavily on its business in recent months. Metro Bank’s shares, that you can learn to buy online Read More

Morses Club’s profit slides 76% in H1 due to COVID-19 disruptions
Economy Europe Finance & banking Industries Stocks & shares UK World

Morses Club’s profit slides 76% in H1 due to COVID-19

admin December 18, 2020

Morses Club’s profit slides 76% in H1 due to the COVID-19 disruptions. The British company reports £50 million of revenue in the first half. The sub-prime lender declares one penny per share of interim dividend. Morses Club plc (LON: MCL) said on Friday that its profit in the fiscal first half printed at £2.3 million that represents a 76% decline on a year over year basis, that it attributed to the ongoing Coronavirus pandemic that has so far infected more than 1.9 million people in the United Kingdom and caused over 66 thousand deaths. Morses Club opened roughly 3% up on Friday but lost close to 8% Read More

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