Image source: easyJet plc The easyJet (LSE: EZJ) share price has dropped back ever since tensions flared up in the Middle East. One question now is whether this is a good time for me to buy or not? The company stopped flying to and from Tel Aviv, Israel, in April. It plans to resume flights on 30 March 2025, a spokesperson for the company said. However, the share price has dropped since late September as the hostilities in the region intensified. That doesn’t mean the conflict has affected the firm’s business any further. However, it might show the market fears…
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On Wednesday, CLSA raised its rating on Mahindra & Mahindra Ltd. (MM:IN) (OTC: MAHMF) stock to outperform from hold, alongside an increase in the price target to INR3,400 from INR2,654. The upgrade reflects the firm’s confidence in Mahindra’s growth prospects, particularly in the sports utility vehicle (SUV) segment. The firm’s analysis suggests that Mahindra’s improved scale and a superior mix of products, coupled with better pricing power in its SUV offerings, have bolstered the company’s automotive margins over the past few years. Notably, the performance of models such as the XUV 3X0 and Thar Roxx, as well as the anticipation…
French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. Barnier, a right-wing former EU Brexit negotiator, was appointed three weeks ago by French President to bring some stability after the political chaos created by a hung parliament that resulted from snap elections this summer. Alain Jocard | Afp | Getty ImagesFrance’s new and already beleaguered government is set to present its 2025 budget on Thursday amid an ongoing fiscal crisis — and a brewing political one — for the euro zone’s second-largest economy.The budget is being widely…
Image source: Getty Images Real Estate Investment Trusts (REITs) have been pulverised since the Bank of England (BoE) started raising interest rates. With property valuations plummeting and debt burdens increasing, investors have been seemingly fleeing this segment of the market, sending these stocks into the gutter. However, there are plenty of REITs caught in the panic-selling crossfire whose rental cash flows remained resilient, maintaining and even boosting dividends. So much so that I couldn’t help but capitalise on the situation and snap up some terrific bargains and tasty dividend yields. Jump ahead to today, and these businesses continue to chug…
MUMBAI (Reuters) – Some Indian non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the central bank governor said on Wednesday. The Reserve Bank of India is “closely monitoring” this and “will not hesitate to take appropriate action, if necessary,” Governor Shaktikanta Das said. He said “self-correction” would be the desired objective. Over the past year, the RBI has warned the financial sector against “all forms of exuberance”, tightened rules for credit card and personal loans, and made it more expensive for non-bank lenders to borrow from banks. It…
TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, reported on Wednesday third-quarter revenue that easily beat both the market and company’s own forecasts as it reaped the benefit from artificial intelligence (AI) demand.Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has been at the forefront of the march towards AI that has helped it weather the tapering off of pandemic-led demand.Revenue in the July-September period of this year came in at T$759.69 billion ($23.62 billion), according to Reuters calculations, compared with an LSEG SmartEstimate of T$750.36 billion ($23.33 billion) drawn from 23 analysts.That represents growth of 36.5% on-year,…
Image source: The Motley Fool Warren Buffett is watched closely by members of the investing community across the globe. The billionaire investor has managed to almost double the performance of the stock market for the last 60 years by buying high-quality companies at reasonable prices. Other investors are constantly wondering what his next purchase is going to be. But these stocks aren’t necessarily his best picks in the stock market. Instead, Buffett’s top stocks to own are more likely the ones he’s already heavily invested in. And as of the latest Berkshire Hathaway filings, 73% of his entire portfolio is…
LONDON – Mining giant Rio Tinto (NYSE:) has reached a definitive agreement to purchase Arcadium Lithium in an all-cash transaction valued at approximately $6.7 billion, or $5.85 per share. This acquisition price represents a significant premium of 90% over Arcadium’s closing share price on October 4, 2024, and a 39% premium over the volume-weighted average price since Arcadium’s inception on January 4, 2024. The deal will integrate Arcadium’s lithium business into Rio Tinto’s portfolio, which includes aluminium, , high-grade iron ore, and now lithium, positioning the company as a global leader in materials critical for the energy transition. Arcadium Lithium…
HONG KONG (AP) — Shares in China slumped on Wednesday as details of economic stimulus plans from officials in Beijing failed to live up to investors’ expectations, while other markets in Asia rose.Stocks in Hong Kong fluctuated between gains and losses, with the Hang Seng Index falling by 2.4% to 20,418.61. This decline followed a plunge of over 9% on Tuesday as traders sold off shares after recent rallies.“A lack of new stimulus has been the cause of disappointment, with many market participants hoping that its fiscal policies will follow in the footstep of the financial ‘bazooka’ delivered in late-September,…
Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Sydney, the rose 0.13%. The best performers of the session on the were Zip Co Ltd (ASX:), which rose 6.25% or 0.17 points to trade at 2.89 at the close. Meanwhile, Pro Medicus Ltd (ASX:) added 4.01% or 7.20 points to end at 186.63 and APA Group (ASX:) was up 3.11% or 0.23 points to 7.63 in late trade. The worst performers of the session were Mineral Resources Ltd (ASX:), which fell 7.07% or 3.62…