Image source: Getty Images For a while, ITV (LSE: ITV) seemed to be bouncing back into favour with investors. The first half of this year saw the share rally sharply. But while the ITV share price is still 23% higher than it was at the start of the year, it has been losing steam lately and is now lower than it was in July. This is a bit confusing, I reckon. After all, there is a lot to like about the media company. But the company, already in pennies, seems to be going nowhere fast. What might be going on?…
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By Dan Peleschuk (Reuters) – Ukraine said on Friday it was investigating the death in Russian captivity of a Ukrainian journalist whose first-hand reports provided a glimpse into life under Russian occupation early in Moscow’s invasion. Viktoria Roshchyna, 27, disappeared in August 2023 after embarking on a reporting trip to occupied eastern Ukraine, and Russia acknowledged last April that she was being held. Ukrainian human rights ombudsman Dmytro Lubinets confirmed her death on social media late on Thursday in what he condemned as illegal detention. He did not specify the circumstances. Andriy Yusov, a spokesperson for Ukraine’s military intelligence, told…
Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. Here’s what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG:Adjusted earnings per share: $1.52 vs. $1.28 expectedRevenue: $20.37 billion versus $20.42 billion expectedShares of the bank rose more than 3% in premarket trading after the results. The better-than-expected earnings came even with a sizeable decline in net interest income, a key measure of what a bank makes on lending.The San Francisco-based lender posted $11.69 billion in net interest income, marking an 11% decrease from the same quarter…
Credit: Pixabay/CC0 Public Domain One of the largest types of carbon offset projects the Australian government is using to meet climate change targets and reduce carbon in the atmosphere is failing to do so, new research has shown. The findings are published in The Rangeland Journal. The projects aim to regenerate native forests across large parts of Australia, but analysis shows most of the selected areas have never had forests, are unsuitable for forest regeneration and are not producing the increase in tree canopy cover that projects are being credited for. Australian human-induced forest regeneration (HIR) projects are the largest…
The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But on a lighter note, a good company can see its share price rise well over 100%. For example, the MSCI Inc. (NYSE:MSCI) share price has soared 162% in the last half decade. Most would be very happy with that. On top of that, the share price is up 19% in about a quarter.Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the…
On Friday, JPMorgan updated its view on Permian Resources Corp (NYSE:PR), increasing the price target to $18.00 from $17.00. The firm maintained an Overweight rating on the stock. The adjustment comes with expectations of a strong operational quarter for the company. JPMorgan’s oil production estimate stands 1% above the Street’s estimate, although their cash flow and EBITDA estimates are below the Street’s expectations due to market conditions. The firm acknowledged investor concerns regarding Permian Resources’ well productivity, referring to initial data from second-quarter turn-in-lines (TILs) that appeared underwhelming. However, recent communications from the company suggest that these figures were affected…
Actor Rob McElhenney, pictured in a 1990 Republic of Ireland jersey, is among a group of investors … [+] to take a stake in a UK-based soccer jersey retailer.Classic Football Shirts Even as a relatively recent convert to soccer, Rob McElhenney knew there was something special about the jersey in front of him. He could feel it. The light blue Napoli shirt with “Mars” across the front and number 10 on the back was once worn by Diego Maradona, arguably the best player in history. “I walked into the room where it was being held, and I got goosebumps. And…
Artificial intelligence (AI) is the hottest investing theme of the moment. Much ink has been spilled on the technology’s awesome power and potential economic impact. Could it be as transformative as its evangelists would have you believe? PwC — one of the “big four” accounting firms — believes AI can add $15.7 trillion to the global economy by 2030. If that proves to be true, it certainly meets the mark in my book.While Nvidia took center stage, another AI company, Palantir (NYSE: PLTR), just passed a major milestone that may help boost its profile and stock price. Founded in 2003,…
Image source: Getty Images Since 11 October 2022, the Next (LSE:NXT) share price has been the fourth-best performer on the FTSE 100. Beaten only by 3i Group, Marks and Spencer and Rolls-Royce Holdings, the retailer has managed to deliver exceptional share price growth by selling mass-market-to-premium clothing and homewares. Insider transactions However, over the past three weeks, two of the company’s directors have been reducing the size of their shareholdings. In late September, Lord Wolfson, the chief executive, sold 290,000 shares for £29.23m (£100.08 a share). On 9 October, Jeremy Stakol (and his wife) disposed of £2.6m of stock. The…
Anti-carbon tax protesters wave signs as they block a westbound lane of the Trans Canada highway near Cochrane, Alta. in April. (Credit: Jeff McIntosh/The Canadian Press)As inflation soared in Canada, consumers increasingly called on the federal Liberals to abandon scheduled increases in the carbon tax as households struggled to manage the costs of daily living.While politicians of different stripes continue to fight over the merits of the carbon tax, the Parliamentary Budget Officer released a new analysis on the costs of the charge for households.It found that Canadians will collectively receive more back than they pay in federal carbon tax,…