Account

Appointment of Chief Financial Officer

Retrieved on: 
Wednesday, March 13, 2024

In 2023, following the acquisition of Kensington Mortgages by Barclays, Marc was appointed as Managing Director, CFO of Kensington Mortgages.

Key Points: 
  • In 2023, following the acquisition of Kensington Mortgages by Barclays, Marc was appointed as Managing Director, CFO of Kensington Mortgages.
  • Marc has a BSc in Management Studies from the University of Manchester and an MBA from the University of London.
  • Marc Page will be required to accumulate a shareholding equivalent of 200% of salary over five years.
  • Further details will be disclosed in the Directors’ Remuneration Report within the Company’s Annual Report and Accounts as appropriate.

Travis Perkins: Publication of the Annual Report and Accounts 2023

Retrieved on: 
Wednesday, March 13, 2024

Further to the release of its Full Year Results on 5 March 2023, the Company announces that it has today published its Annual Report and Accounts for the year ended 31 December 2023 (the “Annual Report”).

Key Points: 
  • Further to the release of its Full Year Results on 5 March 2023, the Company announces that it has today published its Annual Report and Accounts for the year ended 31 December 2023 (the “Annual Report”).
  • The Annual Report is now available to view or download in a pdf format from the Company’s website.
  • The direct link to download the Annual Report is:

Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2023 Operating Results

Retrieved on: 
Friday, February 23, 2024

BATON ROUGE, La., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Adjusted EBITDA for the fourth quarter of 2023 was $268.2 million versus $252.3 million for the fourth quarter of 2022, an increase of 6.3%.
  • Cash flow provided by operating activities was $254.2 million for the three months ended December 31, 2023 versus $244.5 million for the fourth quarter of 2022, an increase of $9.7 million.
  • Acquisition-adjusted net revenue for the fourth quarter of 2023 increased 2.5% over acquisition-adjusted net revenue for the fourth quarter of 2022.
  • Acquisition-adjusted EBITDA for the fourth quarter of 2023 increased 5.1% as compared to acquisition-adjusted EBITDA for the fourth quarter of 2022.

Payoneer Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

The updated methodology has no impact on revenue and had, for all periods presented, less than a 3% impact on volume.

Key Points: 
  • The updated methodology has no impact on revenue and had, for all periods presented, less than a 3% impact on volume.
  • The update has been applied to all periods reflected in the table above and we have updated the definition of volume accordingly (please see “Financial Information; Non-GAAP Financial Measures” below).
  • “We made meaningful progress in 2023 to expand access for small and medium-sized businesses (SMBs) to the digital, global economy.
  • Payoneer is helping SMBs in over 190 countries and territories sell globally across multiple channels and consolidate their accounts receivable (AR) into their Payoneer Accounts.

Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

Retrieved on: 
Tuesday, February 27, 2024

Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).

Key Points: 
  • Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
  • This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
  • As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts.
  • Barclays Bank PLC will invest into the Transaction alongside Blackstone’s insurance accounts.

KYNDRYL REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended December 31, 2023, the third quarter of its 2024 fiscal year. 

Key Points: 
  • Results for the Fiscal Third Quarter Ended December 31, 2023
    For the third quarter, Kyndryl reported revenues of $3.9 billion, a year-over-year decline of 9% and 10% in constant currency.
  • The Company is well on track to achieve its fiscal 2024 year-end goal for annualized savings of $500 million.
  • Double-digit growth in Kyndryl Consult – In the quarter, Kyndryl Consult revenues grew 12% year-over-year and 11% in constant currency and were 15% of total revenue.
  • Kyndryl is raising its fiscal 2024 outlook for adjusted pretax income to at least $150 million and raising its fiscal 2024 outlook for adjusted EBITDA margin to at least 14.5%.

Advisor360° Technology Update: Gifts and Entertainment Compliance Yields Increased Productivity

Retrieved on: 
Tuesday, February 6, 2024

Gifts and entertainment disclosure is critical for compliance with FINRA and SEC regulations, however, traditional record-keeping mechanisms are time-consuming and prone to inaccuracies in documentation, particularly around events with shared clients.

Key Points: 
  • Gifts and entertainment disclosure is critical for compliance with FINRA and SEC regulations, however, traditional record-keeping mechanisms are time-consuming and prone to inaccuracies in documentation, particularly around events with shared clients.
  • Recent updates to Advisor360°’s gifts and entertainment disclosure capabilities reduce time spent on manual entry by 90% compared to commonly used systems1.
  • The new auto-aggregation feature helps improve a firm’s overall enforcement of its gifts and entertainment disclosure policy.
  • Client gifts and entertainment within threshold limits can be filtered out, allowing the home office to focus on items that exceed company policies.

Hardman & Co Research on Volta Finance Limited (VTAS): Insights from the Report and Accounts

Retrieved on: 
Tuesday, January 30, 2024

In this note, we review the key information and messages investors should take from the recent Report and Accounts .

Key Points: 
  • In this note, we review the key information and messages investors should take from the recent Report and Accounts .
  • In particular, we note the detailed explanations as to how Volta is delivering strong returns.
  • In terms of outlook, the expected relative resilience of the portfolio was also noted.
  • By way of example, the CLO managers in which Volta invests, are expected to mitigate the impact of anticipated market-wide lower recoveries through investing in better-quality underlying assets.

Trawick International’s Bailey Foster Promoted to Senior Vice President, Travel Insurance

Retrieved on: 
Monday, January 22, 2024

FAIRHOPE, Ala., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Trawick International , an industry-leading international insurance company, today announced the promotion of Bailey Foster from Vice President of Trip Cancellation to Senior Vice President, Travel Insurance, effective immediately.

Key Points: 
  • FAIRHOPE, Ala., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Trawick International , an industry-leading international insurance company, today announced the promotion of Bailey Foster from Vice President of Trip Cancellation to Senior Vice President, Travel Insurance, effective immediately.
  • In this new capacity, Foster is responsible for strategy, product, and business development of the trip cancellation insurance and travel medical insurance lines of business for Trawick International.
  • Leveraging her travel insurance knowledge, Foster helped develop and launch the industry’s first COVID-19 travel insurance offering.
  • I know she will continue to lead the travel insurance business to even greater success.”
    Foster added, “I am thrilled to accept the promotion to Senior Vice President, Travel Insurance.

Alcoa Corporation Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 17, 2024

Additionally, the results include a $152 million charge to tax expense to record a valuation allowance on Alcoa World Alumina Brasil Ltda.

Key Points: 
  • Additionally, the results include a $152 million charge to tax expense to record a valuation allowance on Alcoa World Alumina Brasil Ltda.
  • The unfavorable sequential impact is $24 million, which includes amounts previously accrued through September 30, 2023 and the absence of related accruals for the fourth quarter 2023.
  • Restructuring charges related to the closure totaled $1 million in the fourth quarter 2023 to establish reserves related to demolition obligations.
  • Other income for the fourth quarter of 2023 included favorable impacts of $51 million related to foreign currency gains that may not recur.