Image source: Getty Images The WH Smith (LSE: SMWH) share price plunged 4% in morning trading Thursday (14 November) after its full-year 2024 results failed to impress. The high street segment dragged down results for the popular UK stock, which were otherwise good in its travel division. It noted a 16% rise in annual profits with underlying pre-tax profits of £166m for the year to 31 August. This was up from £143m in 2023. Total group revenue increased 7% to £1.9m. Transport hub locations saw a 15% rise in trading profits but earnings were flat in high street stores. It’s…
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Carbon removal marketplace Supercritical now offers its users access to a new category of nature-based solutions labeled Community Agroforestry.With this update, the platform now provides its clients with the chance to support carbon removal projects in the Global South that serve the dual purpose of decarbonizing the atmosphere and improving the livelihoods of local communities.Through the Community Agroforestry category, Supercritical’s first nature-based offering, 10 million tonnes of credible removals will be introduced for purchase on the marketplace in the following years.Driven by the pressure of increasing transparency and credibility of nature-based CO2 removal solutions, Supercritical launched the new category with…
Investing.com – Nvidia (NASDAQ:NVDA) is due to report its latest quarterly results on Nov. 20, with investors on the lookout for any guidance from the chipmaking titan about demand for its artificial intelligence-enhancing hardware heading into 2025. Some analysts have come to view the release of the figures as equivalent in importance for markets as the US jobs report or consumer price data. Nvidia (NASDAQ:), which manufactures semiconductors that are considered to be crucial components in training and deploying AI-powered applications, has become a focal point of runaway enthusiasm around the nascent technology. Shares in the company have surged by more…
Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal.Rita Franca | Nurphoto | Getty ImagesLISBON, Portugal — It’s a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention.At the Web Summit tech conference in Lisbon, two venture investors — whose portfolios include the likes of multibillion-dollar AI startups Databricks Anthropic and Groq — said things have…
When Donald Trump first won the White House in 2016, his victory created one of the all-time best sales pitches for green-minded investment funds: If Washington wasn’t going to push for a transition to cleaner energy to slow climate change, maybe capital markets could.Now, as Trump returns to power, the movement for environmental, social and governance investing, or ESG, is in a much weaker position after years of Republican backlash and a stretch of rough performance. “ESG is a dead man walking,” says Will Hild, who runs Consumers’ Research, a nonprofit backed by Leonard Leo, leader of the rightward shift…
Image source: The Motley Fool The world follows investor Warren Buffett more than any other money manager. But he’s been selling stocks like crazy over the summer via Berkshire Hathaway, the investment company he heads and controls. We’re not talking about minor positions he’s been holding. No, he’s been dumping great chunks of stock in some of his apparently favourite businesses such as Apple (NASDAQ: AAPL) and Bank of America. It wasn’t long ago that he was waxing lyrical about computer and smartphone maker Apple. So what’s going on, and should I sell my favourite shares too? An outstanding performance Investors and analysts everywhere have been…
(Bloomberg) — Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said. Most Read from Bloomberg Oil consumption in China — the powerhouse of world markets for the past two decades — has contracted for six straight months through September and will grow this year at just 10% of the rate seen in 2023, the IEA said in a monthly report on Thursday. The global glut would be even bigger if OPEC+ decides…
By Aditya Kalra NEW DELHI (Reuters) – Blackstone (NYSE:) has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point, sources told Reuters on Thursday. Haldiram’s, which Euromonitor International estimates has a share of almost 13% of India’s $6.2-billion market for savoury snacks, has more than 150 restaurants, but many foreign investors are salivating over its popular snacks business. In May Reuters reported a consortium led by Blackstone was eyeing a stake of 75% in…
Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. Andrew Kelly | ReutersU.S. stock futures dipped Wednesday night, as the major averages’ postelection run began to show signs of stalling.Dow Jones Industrial Average futures lost 56 points. S&P 500 futures fell 0.12%, while Nasdaq 100 futures shed 0.21%.CNH Industrial shares jumped about 8% in extended trading after Greenlight Capital’s David Einhorn told attendees at CNBC’s Delivering Alpha conference that he took a medium-sized position in the agricultural equipment company.On Wednesday, the…
Overview Beveridge & Diamond’s Carbon Markets Roundup covers domestic and international issues of note in mandatory and voluntary markets, as well as related regulatory programs aimed to reduce greenhouse gas (GHG) emissions or further GHG removals, sequestration, and storage. The past year was significant for carbon markets, both in the United States and globally. We have seen increasing action on credit quality, including with respect to standards and disclosure. More countries are beginning to implement and expand national compliance markets, while new voluntary carbon market (VCM) standards are shifting with the aim of refinement. Discourse on the use and means of…