Show Financial News

The firm's half-year results, which were published today (7 August), show assets under management rose to £113.8bn at the end of June, an increase of 7% compared to £106.7bn at the end of December 2023. This was fuelled by total net inflows of £1.5bn and positive market movements adding £5.6bn. Core gross inflows surged by 35% to £7.4bn compared to £5.5bn in the first half of 2023, with the second quarter outperforming the first. Six Quilter Investors funds fail to deliver value as Covid woes continue to weigh on performance Profit after tax stood at £13m, up on £5m in the same per...

A «massive advertiser boycott» allegedly deprived X of billions of dollars.

Japanese automaker Nissan says it has developed a «cool paint” that can keep people inside cars cooler

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

Mukesh Ambani, who had voluntarily decided to forego his salary from Reliance Industries (RIL) during the peak of the Covid crisis in 2020, continues to draw no salary from the conglomerate for the fourth year in a row. RIL's latest annual report shows that Ambani did not take any salary from the company in his capacity as the Chairman and Managing Director.

A railroad company wants to use eminent domain to condemn property in one of Georgia's poorest areas

Residents of a historic Black community in Louisiana who’ve spent years fighting against a massive grain export facility set to be built on the grounds where their enslaved ancestors once lived appear to have finally halted the project

interest rates have stayed steady since the end of 2023, showed Knight Frank India’s Affordability Index. Among key cities, Ahmedabad has emerged as the most affordable housing market with an Equated Monthly Instalment (EMI) to income ratio of 21% for an average household. Following closely are Pune and Kolkata, each with an EMI to income ratio of 24%. Mumbai was the only city that remained marginally higher than the threshold at 51%. “Stable affordability is essential to sustaining homebuyer demand and sales momentum, which, in turn, acts as a key economic driver for the country. As income levels rise and economic growth strengthens, end-users’ financial confidence is significantly bolstered, encouraging them to make longer-term financial commitments toward asset creation,” said Shishir Baijal, CMD, Knight Frank India.

Probal Sen, V-P-Equity Research, ICICI Securities, says there is a reasonable dividend yield in NGC and Oil Insia and the return ratio should start to show an improvement, specifically for ONGC and to a lesser extent with Oil India, despite all the strength, I think there is still some steam left in these two stories. When did you last look at ONGC so closely after decades of tracking the energy space? Does it merit the big upgrade coming in? Three of your peers in the industry have done it. Probal Sen: We have had a positive stance on ONGC over the last year. I am surprised by the extent of the reaction. To be honest, I do not think that the production guidance that the company gave was anything new compared to what they have been anyways saying for the last three quarters.

NEW DELHI : Despite rising interest and investments in non-Hindi web originals in the country, local-language shows still have a long way to go in terms of viewership, shows a recent report. B&B: Bujji and Bhairava (Telugu) and Inspector Rishi (Tamil)—the most-watched regional-language shows—clocked in a viewership of 4.9 million each, against the 28.2 million of the most-watched hindi show, Panchayat-Season 3, in the first six months of 2024, according to research conducted by media consulting firm Ormax Media. Entertainment industry experts say audiences in vernacular markets are still more lured by cinema and television, and unlike Hindi, there are no established franchises with returning seasons.

Cummins India Ltd. traded 7.02 per cent up in Wednesday's trade at 01:49PM (IST). Around 52,365 shares changed hands on the counter. The counter opened at Rs 3579.9 and touched an intraday high and low of Rs 3817.55 and Rs 3452.85, respectively, in the session so far. The stock of Cummins India Ltd. quoted a 52-week high of Rs 4169.5 and a 52-week low of Rs 1590.3.

Max Healthcare Institute Ltd. traded 1.65 per cent down at Rs 848.45 on Wednesday at around 01:54PM (IST), while the benchmark BSE Sensex advanced 613.21 points to 79206.28. As many as 13,855 shares changed hands on the counter with a total value of Rs 1.18 crore.

«So, the last two days was a very good buying opportunity. Today, intraday, we may be seeing a little bit of selling, but I think things have stabilised here. Most global markets have started to rebound and we should be heading higher from here,» says Rohit Srivastava, Strike Money Analytics. Last two days, sell-on-rally is the kind of market we have seen. Are you representing the bulls who have been struck? Or are you from the bear side? Whom do you represent today? Rohit Srivastava: I think the last two days, we have a complete bunch of readings, which are extremely oversold. We have our own proprietary swing indicator, which reached a reading of 3 on Monday and our average swing which reached a reading of 11.

Voltas Ltd. traded 0.42 per cent up at Rs 1468.9 at 01:24PM (IST) on Wednesday, even as BSE benchmark Sensex gained 607.37 points to 79200.44. The stock had settled at Rs 1462.7 in the previous session. The stock quoted a 52-week high price of Rs 1560.0 and 52-week low of Rs 794.15, respectively. As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 12065 shares with a turnover of Rs 1.78 crore.

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors.

Adani Power Ltd. traded 1.13 per cent up at Rs 695.05 at 11:46AM (IST) on Wednesday, even as BSE benchmark Sensex gained 686.64 points to 79279.71. The stock had settled at Rs 687.25 in the previous session. The stock quoted a 52-week high price of Rs 896.75 and 52-week low of Rs 264.75, respectively. As per BSE data, total traded volume on the counter till 11:46AM (IST) stood at 80406 shares with a turnover of Rs 5.6 crore.

Mint has seen an email sent by Angel One to a client citing market volatility for virtually halting the facility. “Due to market volatility, there will be 100% margin for Margin Product effective 06-Aug-2024 till further notice to safeguard clients’ interest..." A company spokesperson declined to elaborate as the listed company is in a silent period until 9 August. MTF is an industrywide practice.

Anthony Ammirati is right back into the headlines after landing a $250k salary job in an adult entertainment company, following his pole vault qualification round, where he missed out after his private parts touched the crossbar, and took him out of the competition.

It was a busy Monday for financial advisors, many of whom were forced to spend hours on end talking clients down from proverbial ledges as the stock selloff gained steam.

While the advice and financial industry girds itself for a $90 trillion Great Wealth Transfer, only a minority of Americans expect to leave a financial gift for their descendants, suggests new research from Northwestern Mutual.

Water that was released from the Chilcotin River landslide in B.C.’s Central Interior is now reaching the Fraser River.