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…
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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…
(Bloomberg) — A selloff in global bonds resumed, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal Reserve interest rate cuts. Most Read from Bloomberg Yields on 10-year Treasuries rose another three basis points after topping 4.2% for the first time since July earlier this week. Those on Japan’s 40-year notes also reached the highest in 16 years. A Bloomberg gauge of the dollar was up slightly, with the yen losing as much as 0.8%. An index tracking Asian equities was flat, amid declines in Japan and gains in South Korea. US futures…
Image source: Getty Images Taking into account any fallout from a ‘painful’ budget, November could turn out be an ‘interesting’ month for our biggest companies. But I reckon some FTSE 100 shares still have the potential to do very well. The recovery’s on! Housebuilder Persimmon (LSE: PSN) already takes up a position in my Stocks and Shares ISA portfolio. And, so far, it’s been very kind to me. The share price has climbed 65% in 12 months and 16% since January. No doubt a lot of this momentum’s come as a result of inflation coming down. This has allowed the…
TOKYO, Oct 23, 2024 – (JCN Newswire) – – Valuufy, a sustainability assessment startup, today announced the appointment of Dr Sachio Semmoto as Chairman of the Board. This strategic move comes at a critical juncture for the sustainability sector. It also emphasizes Valuufy’s commitment to transform how organizations measure and create sustainable value. “The sustainability sector is at a critical inflection point, facing challenges such as greenwashing and lack of standardized metrics, but also unprecedented opportunities,” said Dr Semmoto. “Valuufy’s approach to redefining sustainability measurement through the ValuuCompass has the potential to create significant positive change. I am committed to…
By Brigid Riley TOKYO (Reuters) – The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed for three weeks as expectation for aggressive rate cuts from the Federal Reserve has faded after a slew of upbeat economic data. Markets now have a 91% chance priced in for a moderate quarter-basis-point cut in November, the CME…
Power density is essential for evaluating how efficiently a system works. It is a measurement of the power it can handle or produce compared to its size or volume. The infographic compares the power density of different energy sources—wood, oil, coal, and uranium—based on how much energy each can generate in megawatt hours (MWh). The comparison uses a baseline of 11 MWh, which is the average annual electricity consumption of an American household. As you can see, nuclear energy is by far more efficient. This is because just a small amount of uranium can generate as much power as large…
Peter Repetto, investment strategist at iCapital, spoke with Quartz for the latest installment of our “Smart Investing” video series.Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.ANDY MILLS (AM): GM earnings came out, they beat on the top and bottom line, they raised guidance. What does this say about the auto sector for investors?PETE REPETTO (PR): I think it’s great news for the auto sector, but I also think it really speaks to the economic activity we’ve been seeing lately where it does feel like this…
(Reuters) – Frontier Airlines is exploring a renewed bid for Spirit Airlines, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The two budget carriers have had recent discussions about a possible merger though the talks are at an early stage and a deal may not come to fruition, the WSJ report said. If a deal between Spirit and Frontier is reached, it would likely happen as part of Spirit restructuring its debt and other liabilities in bankruptcy, the report added. Spirit and Frontier did not immediately respond to Reuters’ requests for comment. Spirit Airlines came…