Image source: National Grid plc On 19 October 1987, the FTSE 100 — the index of leading UK stocks — lost 10.8%. Thirty-seven years later, it’s easily forgotten that Black Monday was followed by an even worse Tuesday, when the index fell another 12.2%. The UK wasn’t alone. Global stock markets are estimated to have lost $1.7trn as a result of the mass sell-off. And history tells us that October can be a volatile time for the Footsie. Four of the five biggest one-day falls (and six of the 10 largest) have all taken place in the same month as…
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Over the last few months, we’ve seen some loud governmental rallying calls to support the scaling of the voluntary carbon market (VCM). With some macro and market-specific uncertainties, these endorsements provide a valuable impetus. The market has been further bolstered by continued endorsements from the size of the credit deals to regulatory scrutiny as well as a roll out of standardised transaction documents. US Government Backs the Carbon Market Over the course of the summer, the US government has announced a number of coordinated major endorsements and guidance for the VCM. The Biden administration, the US Commodity Futures Trading Commission…
By Lili Bayer (OTC:) BRUSSELS (Reuters) – Hungary is putting European security at risk, European Commission President Ursula von der Leyen said on Wednesday in an unusually blunt speech blasting Budapest’s relationship with Russia and China. Speaking at a debate with nationalist Hungarian Prime Minister Viktor Orban at the European Parliament in Strasbourg, von der Leyen took aim at Budapest’s reluctance to join EU partners in helping Ukraine against Russia’s invasion, and its decisions strengthening ties with Moscow and Beijing. “The world has witnessed the atrocities of Russia’s war. And yet, there are still some who blame this war not…
There is notable disagreement among academics about how investment time horizon should affect portfolio allocations. In recent research released through CFA Institute Research Foundation, we explored this topic at length. We find that the assumption that returns are independent over time is inconsistent with historical evidence, both domestically and internationally across stocks, bonds, and alternatives. These findings suggest that investment professionals may need to re-think their portfolio optimization routines — including mean variance optimization (MVO) — which typically assume returns are random across time. This article is the first in a series of three. Here, we will provide context about…
Image source: Getty Images The Lloyds (LSE: LLOY) share price has had a bumper year, rising 36.68% in the last 12 months. That’s a real turnaround after it went sideways for years. I’m delighted because I bought its shares last summer, just in time to benefit. The total one-year return’s comfortably above 40%, once the FTSE 100 bank’s trailing 4.71% dividend yield is added to the tally. Lloyds is finally living up to its potential, despite the cost-of-living crisis dragging on for longer than I expected. Is this FTSE 100 bank going cheap? The fun is over for now with…
Investing in stocks of strong companies that offer unusually high yields relative to their dividend-paying history can help you populate your portfolio with winners. Here are two dividend stocks that are paying their highest yield in years. You might want to give them added consideration. Here’s why.1. NikeRight now, investors have the opportunity to buy shares of one of the most iconic brands in the world while they trade at a discount. Sports apparel conglomerate Nike (NYSE: NKE) generates $50 billion in annual revenue making it, among other things, the global leader in footwear. But Nike’s stock price has fallen…
By Parisa Hafezi and Andrew Mills (Reuters) -Tehran has told Gulf Arab states it would be “unacceptable” if they allowed use of their airspace or military bases against Iran and warned that any such move would draw a response, a senior Iranian official said. The official also said any action by Gulf states to balance oil markets should Iranian energy facilities be hit by Israel was not part of the discussions so far. The comments come amid growing concern over possible Israeli retaliation for last week’s Iranian missile attack, as Iran’s Foreign Minister Abbas Araqchi visits Saudi Arabia and other…
Image source: Getty Images The stock market offers a promising avenue for individuals seeking to generate a second income. Investing in companies listed on the UK stock market makes it possible to capitalise on the potential for growth and dividend payouts. Dividend stocks are shares issued by companies that distribute a portion of their profits to shareholders. This distribution, known as a dividend, can be paid out in cash or additional shares. Dividend-paying companies often have stable business models in mature industries and track records of profitability. Here’s a summary of the strategy I now use but wish I’d followed…
On Wednesday, Barclays initiated coverage on Shift4 Payments (NYSE: FOUR) stock with an Overweight rating and set a price target of $120. The firm suggests that Shift4 Payments is currently undervalued based on conservative estimates by other analysts and its low earnings multiples when compared to peers. According to Barclays, the conservative outlook on Shift4 Payments may stem from the absence of company-issued financial guidance beyond the fourth quarter of 2024. The current medium-term guidance, which was provided in the third quarter of 2021, is set to expire this year. The firm anticipates that a potential update from management, possibly…
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency.Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC.”Candidly, there’s a lot of success theater out there,” Achtner…