Image source: Getty Images I reckon it’s possible to generate a bumper passive income of £9,913 a year by investing £20k in a Stocks and Shares ISA. That seems a tall order and I won’t get anywhere that much in year one. No stock on earth yields 49.56% a year, and if it did, I wouldn’t touch it. Today, the FTSE 100 index has an average yield of around 3.5%, which would give me income of around £700 annually in year one. That’s a long way from £9,913. So how do I go from here to there? I’d start by…
Author: user
By Pietro Lombardi MADRID (Reuters) -Europe’s largest utility Iberdrola (OTC:) posted on Wednesday a 50% increase in net profit for the first nine months of the year, in a sign that its focus on Britain and the United States is paying off. This is part of a broader shift – toward building and upgrading power grids while taking a more selective approach toward renewables, with a preference for offshore wind projects – that has pushed its market cap to record levels. Record investments in the past 12 months allowed the Spanish company to add lucrative regulated assets to its network…
(Bloomberg) — Bank of America Corp. Chief Executive Officer Brian Moynihan has urged Federal Reserve policymakers to be measured in the magnitude of interest-rate reductions. Most Read from Bloomberg “They were late to the game” in lifting borrowing costs in 2022, Moynihan said in an interview with Bloomberg TV in Sydney on Wednesday in his first trip to Australia. “They have got to make sure they don’t go too hard now” with cuts. The danger for the central bankers is that “they go too fast or too slow and that risk is higher now than it was six months ago,”…
Image source: Unilever plc The Unilever (LSE:ULVR) share price has gone from £38.24 per share to £48.07. But analysts disagree on their outlook for the next 12 months with price targets widely ranging £38.84 to £56.94. I think the company’s plans to restructure are extremely interesting. And I think 2025 could yield a big opportunity that’s currently hidden beneath the surface. A crossroads Unilever shares are at a crossroads. There’s no doubt 2024 has been a strong year for the company, but the stock’s trading at an unusually high price-to-earnings (P/E) multiple. The highlight has been Beauty, where sales have grown…
By Jeslyn Lerh SINGAPORE (Reuters) – Oil prices fell on Wednesday after industry data showed inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. futures eased 50 cents, or 0.7%, to $75.54 a barrel by 0640 GMT. U.S. West Texas Intermediate crude futures shed 50 cents, or 0.7%, to $71.24 a barrel. Crude futures settled higher in the two previous sessions this week. “The market continues to wait for Israel’s response to Iran’s missile attack,” ING analysts said on Wednesday, adding the…
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty ImagesDeutsche Bank on Wednesday beat expectations in its return to profit in the three months to September, after snapping its 15-quarter profit streak in the second quarter. Net profit attributable to shareholders came in at 1.461 billion euros ($1.58 billion) over the third quarter, compared with the 1.047 billion euros anticipated in a LSEG poll of analysts.Revenue hit 7.5 billion euros, against a LSEG analyst forecast of 7.338 billion euros.Other third-quarter highlights included:Profit before…
The election of Javier Milei has excited investors and raised spirits in the business community. But can Milei deliver on his promises and overcome congressional resistance to deliver the big changes the country needs to return to growth? Source link
Image source: Getty Images The IAG (LSE: IAG) share price has rocketed 50.6% in the last 12 months. Investors who spotted its potential will either be thrilled they bought it, or kicking themselves for failing to do so. Sadly, I’m in the latter camp. Like all the major airlines, British Airways owner IAG took a battering during the pandemic, with fleets grounded during lockdown. They still had to cover their huge fixed costs though, and most ran up hefty debts to do it. IAG’s forecast to end 2024 still owing £8bn. That’s only slightly below today’s market-cap of £10.5bn. Net…
By Jake Spring (Reuters) – Countries are expected to reach a deal at this month’s U.N. COP16 nature summit on how the world uses and pays for genetic information extracted from nature, according to negotiators. Experts refer to this data as “digital sequence information,” or DSI for short. Here is what you need to know about the talks: WHY DISCUSS GENETIC INFORMATION AT A NATURE SUMMIT? The unique genetic codes and sequences in all living organisms hold the information needed for them to develop and function. For years, researchers have been tapping the genetic codes of plants, animals and microbes…
Institutional investors now hold approximately 20% of all US-traded spot Bitcoin (BTC) exchange-traded funds (ETFs), according to recent data.CryptoQuant CEO and founder Ki Young Ju revealed that the latest 13F Form filings show that institutional investors hold over 193,000 BTC via Bitcoin ETFs as of Oct. 18.He also revealed that roughly 1,179 institutions have invested in US-traded spot Bitcoin ETFs. The list includes $70 billion asset manager Millennium Management, $438 billion trading firm Jane Street, and $2.93 trillion investment bank Goldman Sachs.IBIT leads in absolute amountIn absolute numbers, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has the most Bitcoins held by…