Mercantile Financial News

16.04 / 12:09

Mercantile AssetCo deputy chair Peter McKellar retires as group withdraws from infrastructure business

In a stock exchange notice on Tuesday (16 April), the firm said McKellar will retire as a director on 30 April to focus on his other non-executive director roles. His decision to resign from the board followed AssetCo's announcement in October last year that it would sell its stake in River and Mercantile's infrastructure investments business (RMI) to its chief Ian Berry, alongside its other two existing partners. AssetCo losses triple to £26.7m in 'exceptionally difficult' year The firm said the sale, expected to complete at the end of this month, would enable the group to focus o...

21.03 / 07:27

Provident Opinion Mercantile wellness country Department recommendations These banks will be open on Sunday, March 31, 2024; full list of RBI’s agency banks

Does this mean that all bank branches will be open on Sunday, March 31?

19.03 / 16:37

WhatsApp Mercantile information reports RBI imposes penalties on DCB Bank, Tamilnad Mercantile Bank

penalties on DCB Bank and Tamilnad Mercantile Bank for non-compliance with certain directions related to 'interest rate on advances'. A monetary penalty of Rs 63.6 lakh has been imposed on DCB Bank, the RBI said in a statement.

18.03 / 11:59

UPS ETF Mercantile AssetCo losses triple to £26.7m in 'exceptionally difficult' year

In its annual results published today (18 March), AssetCo said the total loss for the year stood at £26.7m, up from £8.5m at the end of September 2022. This included £7.7m operating loss of continuing businesses, £1m of which came from the River and Mercantile Infrastructure business, which was sold in October last year. A large portion of the losses came from Rize ETF, comprising operational loss of £2.4m and a goodwill attributed to the firm of £12m as of 31 March 2023, which AssetCo decided to write down «before accounting for sale proceeds». River and Mercantile rebrands to Riv...

12.03 / 09:51

Platform Mercantile wellness River and Mercantile UK Micro Cap chair retires

Chapman joined the board at the point of its inception in October 2014 and the directors expressed gratitude for his «valuable contribution» during his tenure. Barclays poaches Brown Shipley private banking head Non-executive director John Blowers has taken over as chair. He joined the board in August 2022. Blowers said: «Andrew has been a constant positive presence since the launch of RMMC, and his experience and wise counsel will be missed. The board wish him well and thank him for his service.» Blowers is managing director of UK platform Stockomendation, a role he took on in ...

08.03 / 22:21

economy Remark Yellow Mercantile show reports Gold notches 4% weekly gain as record run continues

Investing.com – Gold prices settled at a record high Friday after briefly topping $2,200 for the first ever as growing optimism on major central banks dropping the axe on interest rates in the coming months and ongoing geopolitical tensions in high demand.

22.01 / 14:21

COST UPS CEO Mercantile reports recommendations Tamilnad Mercantile Bank recommends names of individuals for MD&CEO post to RBI

Tamilnad Mercantile Bank has recommended the names of three individuals for the post of Managing Director and CEO to the Reserve Bank of India, a top official said on Monday. The Tuticorin-based bank said it has developed a mechanism towards ensuring big fund transactions take place after getting an approval from a concerned officer.

29.12 / 12:46

Mercantile show information reports Swan Energy board approves ₹4,000-crore fundraise, its second in three months

₹4,000 crore by issuing equity shares or any other eligible securities for public and/or private offerings, according to a regulatory filing on Thursday evening. The company said it would seek approval for the fundraise from its shareholders at an extraordinary general (EGM) meeting, the details of which would be announced later. The fundraise is also subject to regulatory approval.

23.12 / 10:55

Citi Provident Twitter Dreams Mercantile Experts Department Gujarat lifts liquor ban in GIFT city: Netizens say ‘don't have to go to Daman and Diu anymore’

Gujarat government on Friday announced that in an attempt to provide "global business ecosystem" at the Gujarat International Finance Tec-City (GIFT City), the ban on liquor has been lifted in this area. Notably, Gujarat is a ‘dry state’. "GIFT City has emerged as a global financial and technological hub which is bustling with economic activities.

22.12 / 15:04

Aware Mercantile Swan Energy plans ₹300 cr debt prepayment for Jafarabad FSRU project

₹300 crore in debt for the Floating Storage and Regasification Unit (FSRU) project at Jafarabad, Gujarat, people aware of the development told Mint. This move, facilitated through its subsidiary Triumph Offshore Pvt Ltd, reflects the company's strong dedication to the project's sustainability and financial health. Swan Energy holds a 32.12% stake in the Jafarabad unit.

20.12 / 00:25

BTC Binance ETF Strategy Mercantile Bitcoin show open Bitcoin Reaches New All-Time High In Options Open Interest

Demand for Bitcoin options is soaring, with average daily open interest on the Chicago Mercantile Exchange (CME) touching an all-time high of $1.9 billion as of December.

17.12 / 11:43

Citi economy Dreams Mercantile performer country Inside Updates PM Modi shares govt's 25-year plan, says, ‘India will be among top-3 economies…' | 5 updates

Narendra Modi during the inauguration ceremony of the Surat Diamond Bourse on Sunday said that his government has devised a plan for the next 25 years in view of the development of India's economy. PM lauds Surat's transformation from ‘Sun City’ to ‘Diamond City’ Surat Diamond Bourse: World's Largest Office Building Surat International Airport's capacity to triple with new terminal inauguration Surat Diamond Bourse is symbol of new India and country's determination: PM Modi The SDB is part of the Diamond Research and Mercantile (DREAM) City.

06.12 / 13:19

Manufacturing economy Mercantile Nikkei show electronic reports end Stock market today: World shares advance as weak US jobs data back hopes for an end to rate hikes

World shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy

06.12 / 08:03

ETF Bitcoin Futures Mercantile Experts Bitcoin show open Bitcoin Futures Open Interest on CME Hit $5 Billion

Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) – has seen a spike rising from $2.20 billion on September 30th to $5.09 billion today, according to data from Glassnode.

04.12 / 08:39

Action Mercantile Nikkei show track electronic reports Updates Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation

Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

17.11 / 14:03

Provident Aware Platform Interface Mercantile exclusive information 2024 MEXC Referral Code 2024: 1Q1BF

MEXC Referral Code. This code can be used while creating a new account to claim the best exclusive new user rewards. Claim $3200 in rewards, and get 20% off all trading fees with MX when using the code at signup.

15.11 / 12:09

Waters economy Mercantile Nikkei show electronic reports Stock market today: Global shares get a lift from encouraging US inflation report

Global shares are mostly higher, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation

08.11 / 12:07

Cooper Action Mercantile Moodys Nikkei President electronic Stock market today: Global shares mostly slip ahead of speech by Fed's Powell

Global shares are mostly lower in muted trading ahead of a speech by U.S. Federal Reserve Chair Jerome Powell that might point the way for future interest rate policy

07.11 / 06:59

Target economy Mercantile Nikkei electronic reports Stock market today: Asian shares are mostly lower as Australia's central bank raises its key rate

Shares have mostly fallen in Asia after a mixed close on Wall Street

01.11 / 17:49

Mercantile show information reports Weekly US crude, fuel stocks see one of the least consequential weekly changes for 2023

Investing.com — US crude stockpiles grew by less than half of forecast levels while gasoline and distillate balances saw modest changes as well in one of the least consequential weekly inventory reports for the year, released on Wednesday by the government.

31.10 / 22:05

Mercantile show information reports US crude stocks up 1.3M barrels, Cushing storage hub sees build again - API

Investing.com — US crude stockpiles possibly rose as much as 1.3 million barrels last week, resulting in another build as well at the storage hub tied to the delivery of oil contracts traded on the New York Mercantile Exchange, petroleum trade group API said Tuesday.

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