Image source: Getty Images As a shareholder in FTSE 100 financial services company Legal & General (LSE: LGEN), how much the company pays out as dividends matters to me. At the moment, it has what I consider a highly attractive dividend yield of 9.2%. I have therefore been thinking about what might happen to the Legal & General dividend in the next few years. What the current plan means This is helped by the fact that the firm has clearly laid out its intentions. For its current financial year, the company foresees a 5% increase in dividends per share. For…
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By Nidhi Verma and Marianna Parraga NEW DELHI/HOUSTON (Reuters) – Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela’s second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports of crude and fuel despite sanctions targeted at President Nicolas Maduro’s government. India’s top refiner, Indian Oil Corp (IOC), is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL)…
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken CedenoKen Cedeno | ReutersThe U.S. Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy.The department said in a filing that the remedies necessary to “prevent and restrain monopoly maintenance could include…
(Reuters) -Shares of Seven & i Holdings surged more than 10% on Wednesday after Bloomberg News reported Alimentation Couche-Tard (ACT) raised its takeover proposal price by more than a fifth, valuing the Japanese retailer at $47.1 billion. The new bid, at $18.19 per share, was more than 20% higher than ACT’s previous offer for the Japanese company and was sent last month, Bloomberg said, citing people with knowledge of the matter. Seven & i said it was not in a position to comment as it was determining the facts of the report. Canada’s ACT was not immediately available for comment.…
Shares of Nvidia (NASDAQ: NVDA) gained for the fifth day in a row, as enthusiasm continued to build on Wall Street and among its customers for the new Blackwell platform. In addition, the company’s artificial intelligence (AI) summit rolled on in its second day.That news was enough to drive Nvidia up 4.1% at market close.Image source: Getty Images.Nvidia shines againWall Street continued to up its estimates on the AI chip leader, and news also broke that Foxconn and Nvidia are building Taiwan’s largest supercomputer, built on the new Blackwell platform. Additionally, Foxconn is building the world’s largest manufacturing facility for…
TOKYO, Oct. 8, 2024 /PRNewswire/ — Ciconia Bioventures Inc. (Representative Director, Founder CEO: Toshio Fujimoto, “Ciconia”) today announced its establishment as a joint venture company based on a master agreement signed on April 22, 2024 by Takeda Pharmaceutical Company (NYSE:) Limited (TSE: 4502/NYSE: TAK, President and CEO, Christophe Weber, “Takeda”), Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”), and Sumitomo Mitsui (NYSE:) Banking Corporation (President & CEO: Akihiro Fukutome, “SMBC”). (News release regarding the master agreement is here.) Ciconia seamlessly covers the entire process from early drug discovery research to establishment of biotech startups, with the aim…
By Brigid Riley TOKYO (Reuters) – The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points. The was last down 0.55% at $0.61035. A majority of economists in a Reuters poll last week had predicted a big half a percentage point cut.…
(Bloomberg) — Equities in Asia climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.Most Read from BloombergShares in Australia and Japan rose as did Hong Kong equity futures after sharp declines on Tuesday. Contracts on US equities were little changed after the S&P 500 rose 1% and the tech-heavy Nasdaq 100 advanced 1.6% Tuesday. Oil gained.New Zealand’s dollar fell and bonds rose after the nation’s central bank delivered a 50 basis-point cut on its benchmark rate. It is the Reserve Bank of New Zealand’s second straight reduction after it began its easing…
In a recent transaction, Joo Mi Kim, the Chief Financial Officer of Qualys, Inc. (NASDAQ:), a leading provider of cloud-based security and compliance solutions, sold shares of the company’s stock. The shares were sold on October 7, 2024, with the total value of the sale exceeding $77,000. Investors tracking insider transactions will note that the sales occurred at prices ranging from $120.81 to $124.28 per share. The transactions were executed under a prearranged trading plan, known as a Rule 10b5-1 plan, which Kim had adopted on August 28, 2023. Such plans allow insiders to sell shares at predetermined times to…
PHOENIX–(BUSINESS WIRE)–Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, October 18, 2024 to discuss the Company’s performance. Participants may access the call by dialing 1-833-470-1428 using the access code 586867 or via live audio webcast using the website link: https://events.q4inc.com/attendee/875780058. The webcast is also available through the Company’s website at www.westernalliancebancorporation.com. Participants should log in at least 15…