Latest News
Beazley Annual Profit Drops 19% Amid Zurich Acquisition Progress
Specialty insurer Beazley posted a 19% fall in annual pre-tax profit, pressured by softer insurance pricing and a contraction in its cyber segment. The results come as Zurich Insurance's agreed £8.1 billion acquisition moves forward.
Anglo American CEO Sells Shares After LTIP Vests at 21.2%
Anglo American CEO Duncan Wanblad sold 24,074 shares at £36.384 each to cover tax obligations following the vesting of incentive awards. The company's 2023 long-term incentive plan paid out at 21.2% of the maximum potential award.
National Grid Awards £3 Billion in Contracts for Major UK Power Link
National Grid has finalized contracts worth approximately £3 billion for its Eastern Green Link 3 project, with NKT securing a record €2.2+ billion cable order. The 680 km link aims to be operational by 2033.
LexisNexis Investigates Legacy Data Breach as RELX Continues Share Buyback
LexisNexis Legal & Professional, a RELX subsidiary, is addressing a security breach affecting legacy servers containing pre-2020 data. Concurrently, RELX has repurchased 500,000 shares as part of its ongoing buyback program.
LSEG to Modernize ASX 24 Derivatives Platform in Major Tech Overhaul
London Stock Exchange Group has secured a deal to provide a new high-performance trading platform for ASX 24, Australia's primary derivatives market. The upgrade aims to address recent outages and modernize aging infrastructure, with completion expected by 2028.
HSBC Asia Co-CEO Offloads $5.5 Million in Shares Amid Banking Sector Volatility
HSBC Holdings Plc's Asia and Middle East co-CEO, Surendra Rosha, divested 308,400 shares worth approximately HK$43.17 million. The transaction occurred during a period of significant volatility for European banking stocks.
Rio Tinto and Western Australia Launch $1.1B Desalination Venture
Rio Tinto and the Western Australian government have established a 50:50 joint venture to construct a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will provide 8 gigalitres of water annually to local towns and mining operations.
Barclays' £500M MFS Link Sparks Private Credit Scrutiny
Barclays PLC holds approximately £500 million in loans tied to the failed UK mortgage lender Market Financial Solutions, one of the largest exposures in the administration. Investors are assessing risks as the collapse highlights opacity in private credit markets.
Evolution Mining Declares 20-Cent Interim Dividend, Sets DRP Timeline
Evolution Mining will distribute a 20-cent interim dividend on April 2 to shareholders of record March 4. The Dividend Reinvestment Plan carries no discount, with pricing determined between March 5 and 11.
Pro Medicus Shares Surge 4.6% Amid Interim Revenue Growth
Pro Medicus shares gained 4.6% on Thursday, closing at A$121.49, despite remaining down 53% over the past year. Interim results showed strong revenue growth and a significant fair value gain from a 4D Medical investment.
Xero Data Reveals U.S. Small Business Sales Slowdown, Canadian Contraction
Xero's latest data shows U.S. small business sales growth decelerated sharply to 0.9% year-over-year in the December quarter, with Canadian sales contracting 4.1%. The company cited tariff impacts and policy uncertainty.
Shell Secures New Kazakhstan Exploration Rights Amid Ongoing Arbitration
Shell has entered into an agreement with Kazakhstan's energy ministry for exploration rights to the Zhanaturmys oil and gas block, valid until 2032. The move comes as the company remains engaged in international arbitration concerning other Kazakh ventures and proceeds with its share repurchase program.