Image source: Getty Images The FTSE 100 index has attracted its fair share of criticism in recent years. Arguably, much of the flak has been warranted. Recent research from Goldman Sachs has revealed that the Footsie delivered a 6% total annual return over the past decade. Compared to 8% for Europe’s Stoxx 50 and 13% for America’s S&P 500, Britain’s largest shares have been international laggards. However, there are indications the tide could be turning for FTSE 100 stocks. Consequently, UK investors might consider looking closer to home for strong future returns. Here’s why. A rare bargain opportunity Using the…
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On Tuesday, Macquarie initiated coverage on DiDi Global (OTC: DIDIY) stock, a leading mobility platform, with an Outperform rating and a price target of $5.50. The firm recognized DiDi Global as a high-quality, undervalued market leader with a strong presence across the Asia Pacific, Latin America, and other regions. The new coverage highlights the growing demand for ride-hailing services in China, propelled by the continued pursuit of convenience and digital adoption. Macquarie projects that industry penetration will double, increasing from 3% to 6% between 2022 and 2028. This expansion is expected to be supported by the platform’s comprehensive services and…
New Delhi: Sustainiam on Monday said it has onboarded 400 MW renewable assets from Brookfield Asset Management to generate carbon credits as part of an agreement. A business entity or group earns a carbon credit by decarbonising its operations. At present, it is a growing market across the globe, “We have onboarded a portfolio of 400 MW renewable assets from Brookfield Asset Management for the registration, issuance and trading of International Renewable Energy Certificates (I-REC) or carbon credits,” Sapna Nijhawan, Founder and CEO of Sustainiam, said. The total capacity includes 50 projects which primarily consist of wind assets spread over…
BELLEVUE, Wash. – T-Mobile US, Inc. (NASDAQ: NASDAQ:) has announced a public offering of $2.5 billion in senior notes through its subsidiary T-Mobile USA, Inc. The offering is divided into three tranches: $700 million of 4.200% Senior Notes due in 2029, $900 million of 4.700% Senior Notes due in 2035, and $900 million of 5.250% Senior Notes due in 2055. The closing of the offering is anticipated for September 26, 2024, contingent upon customary closing conditions. T-Mobile USA aims to allocate the net proceeds for general corporate purposes. These may include share repurchases, dividends as declared by the T-Mobile Board…
In recent trading activity, Teresa McCarthy, the Chief Human Resources Officer of Avidity Biosciences, Inc. (NASDAQ:RNA), sold shares of the company’s common stock, resulting in a total transaction value exceeding $578,000. The sale occurred on September 23, 2024, with the shares being sold at prices ranging from $44.00 to $44.08, averaging $44.0004 per share. This transaction involved a total of 13,153 shares. The sale was part of a “sell-to-cover” transaction to satisfy tax withholding obligations connected to the vesting of performance-based restricted stock units (PSUs). These PSUs vested upon the achievement of the company’s second performance objective, which was the…
SYDNEY — The Mineral Security Partnership, a U.S.-championed group of 14 countries and the European Union, launched a “finance network” on Monday at an event in New York as part of efforts to break China’s hold on supplies of critical minerals. The Mineral Security Partnership Finance Network aims to overcome investment shortfalls that have hindered the development of supply chains for key strategic materials like lithium, nickel and rare earths outside of China. The minerals are widely used in modern manufacturing and are important for the energy transition due to their use in technology like electric vehicles and wind turbines. Source link
(Bloomberg) — China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring mounting alarm within Xi Jinping’s government over slowing growth and depressed investor confidence.Most Read from BloombergPeople’s Bank of China governor Pan Gongsheng cut a short-term key interest rate and announced plans to reduce the amount of money banks must hold in reserve to the lowest level since at least 2018 at a rare briefing alongside two of the country’s other top financial regulators in Beijing. That marked the first time reductions to both measures were revealed on the same day…
A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesChina News Service | China News Service | Getty ImagesChina bonds rallied with yields hitting record lows after the People’s Bank of China on Tuesday announced that it would cut the reserve requirement ratio for banks, and also reduce the reverse repo rate.Yield on China’s 10-year government bonds fell 3.2 basis points to 2.041%, data from LSEG showed, marking a record low. 30-year bond yields dropped 0.4 basis points to a record low of…
Sign up for our popular daily email to catch all the latest EV news! ClearBlue Markets has introduced a new EV Credit Aggregator solution designed to simplify participation in the Clean Fuel Regulations (CFR) program, particularly for smaller electric vehicle (EV) infrastructure owners. This innovative tool pools carbon credits from EV projects, reducing costs and financial barriers for participants while making the credit generation process more accessible and affordable. The EV Aggregator helps streamline the entire CFR process, from verification to credit transactions, through an automated platform. Key Highlights: Simplified Credit Creation: The ClearBlue EV Aggregator pools data from EV…
Free virtual event features Grammy-winning artist and cultural icon Jon BatistePITTSBURGH, Sept. 24, 2024 (GLOBE NEWSWIRE) — Duolingo (NASDAQ:DUOL), the world’s leading mobile learning platform, today announces significant product innovations at its annual conference, Duocon 2024. These new features”Video Call and Adventures”demonstrate Duolingo’s commitment to leveraging cutting-edge AI to enhance the learning experience for millions of users worldwide. The company also emphasizes its investment in music education by announcing its partnership with Loog, leading musical instruments brand for beginners, and hosts a wide-ranging conversation with Grammy winner Jon Batiste. Our mission is to develop the best education in the world…