Image source: Getty Images Ashtead‘s (LSE: AHT) one of my favourite FTSE 100 shares. Over the long term, the construction equipment rental company has generated an incredible amount of wealth for its investors (it’s up more than 100-fold over the last 20 years). Last week, Ashtead got a new Buy rating from a City broker. Here’s a look at the details and price target. Lofty price target The broker I’m referring to is Berenberg. On (19 September), it announced it had initiated coverage of Ashtead shares with a Buy stance. Its price target for the Footsie stock’s 7,000p, which is…
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An office worker studying electronic diagrams on a computer at control-panel maker in Japan.Bloomberg | Bloomberg | Getty ImagesJapan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture.The Japanese government recently initiated a “work style reform” campaign aimed at promoting flexible work arrangements, shorter hours and overtime limits. To further encourage this initiative, the labor ministry has also begun providing subsidies and free consulting services. The move marks a more concerted effort after the government first floated support for a shorter workweek in 2021…
In the dynamic landscape of ride-sharing and delivery services, Uber Technologies Inc . (NYSE:) continues to attract Wall Street’s attention with its strategic expansion and consistent financial performance. Analysts remain bullish on the company’s prospects, bolstered by strong second-quarter results in 2024, new product introductions, and sustained market leadership in Mobility and Delivery services. Uber’s business model is adapting to meet changing market demands and investor expectations, with a focus on non-UberX products and a growing share of bookings across new verticals, including grocery and retail delivery. Company Overview and Market PositionUber’s platform offers users a wide range of services,…
(Bloomberg) — China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation authorities are preparing to ramp up efforts to revive growth.Most Read from BloombergAuthorities announced Monday that central bank governor Pan Gongsheng will hold a press conference tomorrow on financial support for economic development, alongside two other officials. Minutes later, the People’s Bank of China lowered the 14-day reverse repurchase rate, as part of reductions initiated in July.Taken together the moves bolster expectations for the PBOC to lower rates, after the US…
By Byron Kaye and Ayushman Ojha (Reuters) -Australia’s consumer watchdog accused the country’s two largest supermarket chains of misleading shoppers about discounts on hundreds of products in lawsuits filed on Monday, tightening pressure on the sector amid a cost-of-living crisis. The legal action marks a major move against the supermarket giants, which have faced scrutiny from lawmakers and regulators for hitting consumers with high prices at a time when interest rates, housing costs and energy bills have also risen sharply. In separate lawsuits, the Australian Competition and Consumer Commission said Woolworths and Coles held prices steady on certain products for…
(Reuters) -U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday. Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, Source link
On Friday, TD Cowen maintained its Buy rating on shares of CrowdStrike Holdings (NASDAQ:) with a steadfast price target of $380.00. The firm’s outlook remains positive as CrowdStrike introduced a comprehensive range of updates to its Falcon platform, which is anticipated to broaden its total addressable market (TAM) to $116 billion by the calendar year 2025. The firm acknowledged potential challenges, such as Microsoft (NASDAQ:)’s likely move to limit kernel level access for security vendors. Nevertheless, the firm is confident that such changes will not undermine CrowdStrike’s long-term competitive position, citing the critical nature of the Falcon platform’s mission. TD…
Investing.com– Most Asian stocks rose slightly on Monday amid persistent cheer over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets advanced after the People’s Bank of China cut a short-term lending rate, although overall gains were limited. Regional trading volumes were held back by a market holiday in Japan. A weak Friday close on Wall Street also made for middling cues, although U.S. stock index futures rose in Asian trade. But Asian markets were sitting on strong gains from the prior week, as sentiment was boosted…
Drew Hallowell/Getty ImagesJD Vance warned recently of a “death spiral” in the US bond market.Vance’s concerns are tied to the US servicing its $35 trillion debt load.”Do they try to take down the Trump presidency by spiking bond rates?” JD Vance asked.Vice Presidential candidate JD Vance worries about soaring interest rates sparking a “death spiral” in the US bond market that could ultimately “take down the finances of this country.”Vance made the comments in a recent interview with conservative political commentator Tucker Carlson, adding that if he and Trump win the November election, it won’t be “smooth sailing for four…
SHANGHAI (Reuters) -China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signalling its intent to further ease monetary conditions. The People’s Bank of China (PBOC) injected 234.6 billion yuan ($33.29 billion) into the banking system through open market operations, saying it wanted to “keep quarter-end liquidity adequate at a reasonable level in the banking system”. The PBOC added 160.1 billion yuan via 7-day reverse repos at 1.70%, it said in a statement. It also injected 74.5 billion yuan via 14-day reverse repos at 1.85%, compared…