News Centre

Celebrating Its 10th Anniversary, FXPA Ushers In Officers, Directors

Date 26/02/2024

The Foreign Exchange Professionals Association (FXPA) elected a new slate of Officers and Board of Directors members at its annual meeting on February 20, 2024, marking its 10th anniversary as an organization.

FIS Reports Full-Year 2023 Results, Introduces 2024 Outlook, Raises Future Forward Expectations And Announces $500 Million Increase To Share Repurchase Goal

Date 26/02/2024

• Fourth quarter GAAP Diluted Earnings Per Share for continuing operations of $0.11 and Adjusted EPS of $0.94
• Including discontinued operations, fourth quarter GAAP Diluted Earnings Per Share of $0.42 and Adjusted EPS of $1.67
• Full-year 2023 GAAP Diluted Earnings Per Share for continuing operations of $0.85 and Adjusted EPS of $3.37
• Including discontinued operations, full-year 2023 GAAP Diluted (Loss) Per Share of $(11.26) and Adjusted EPS of $6.17
• Outperformed Future Forward expectations in 2023; raising Future Forward operational expense savings goal in 2024
• Announces increase to previously communicated share repurchase goal; increasing goal to repurchase at least $4.0 billion of shares by year end 2024, up from previous goal of at least $3.5 billion, including $510 million of shares repurchased in 4Q 2023
• Announces first quarter and full-year 2024 outlook including accelerated revenue growth, expanding adjusted EBITDA margins, and year-over-year adjusted EPS growth

CISI Sponsors GAIN To Improve Financial Sector Gender Diversity And Develop Talent Pipeline Of Entry-Level Female And Non-Binary Entrants

Date 26/02/2024

Charity and financial services professional body CISI (Chartered Institute for Securities & Investment) is supporting the charity GAIN (Girls Are Investors) by sponsoring its national UK Investment Challenge with a prize fund donation of £3,000.

Quoted Companies Alliance Report: The Crisis Of Unaffordable Audits

Date 26/02/2024

A report conducted by the QCA (Quoted Companies Alliance) regarding escalating audit fees, “It Doesn’t Add Up: The Crisis of Unaffordable Audits” highlights how audit fees have surged dramatically over the past few years. By our estimate, the average percentage rise has increased by five times the rate of inflation.

University Of Warwick Receives £1.25 Million To Revolutionise AI And Financial Research

Date 26/02/2024

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years.

UK VC Funding Investment Plunges By 41.3% YoY To $615.4 Million In January 2024, Finds GlobalData

Date 26/02/2024

The UK's venture capital (VC) landscape experienced a significant year-on-year (YoY) decline of 41.3% to $615.4 million in January 2024. This decline, attributed to macroeconomic challenges and geopolitical tensions, reflects a cautious approach among investors. Despite this setback, the UK remains a prominent player in the global VC market, though facing increased competition from other European counterparts, according to GlobalData, a leading data and analytics company.

Taiwan Stock Exchange Launches 2024 Overseas Tour To Attract Global Capital: Europe Trip Targets Heavyweight Investor Institutions

Date 26/02/2024

The Taiwanese stock market showed robust performance in 2023, marked by significant turnover volume surges and price gains. Foreign investors notably reversed three consecutive years of net selling, recording net buying of over TWD 275.4 billion (USD 8.7 billion). On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the "TWSE") is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.

Foreign Currency Reserves 2024 - Bank Of England Market Notice 26 February 2024

Date 26/02/2024

As part of the monetary policy framework introduced by the Chancellor of the Exchequer in 1997, the Bank of England holds its own foreign exchange reserves in support of its monetary policy objective. These reserves are separate from the Government’s own foreign exchange reserves, which the Bank manages as the Treasury’s agent.

Dubai-Based Realty Firm Binghatti Announces Launch Of USD 300 Million Sukuk Issuance On The London Stock Exchange - Binghatti’s First Bond Market Debut Soars At Over 200% Subscription

Date 26/02/2024

The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3year Sukuk issuance. Priced competitively at 9.625%, the Sukuk experienced a tightening of approximately 30 basis points, demonstrating strong investor demand and confidence.  

Reglex March 2024 Deadline Highlights.

Date 26/02/2024

Introduction

The rapidly evolving business landscape in Asia presents a myriad of opportunities. However, navigating the complexities of regional regulations and understanding the associated deadlines can be challenging. This document serves as a guide to some of the “deadlines” relevant in the financial services that we at Reglex wish to highlight across Asian markets.