The Tesla (NASDAQ: TSLA) share price popped 11.9% to $278 on the Nasdaq Composite index Monday (24 March). Despite this, the stock remains around 41% lower than three months ago. What caused this rapid acceleration skywards? And is it game-changing news that makes me want to invest in the electric vehicle (EV) giant? Let’s take a look. What’s going on? From what I can gather, there appears to be a few reasons for the share price jump. For starters, it was a great day for all tech stocks as it emerged that President Trump’s stance on tariffs might be softening.…
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Global scrutiny of carbon marketsTanzania is not alone in facing controversy over carbon trading. A 2023 investigation by The Guardian found that more than 90 per cent of rainforest carbon offsets sold by a leading certifier were effectively worthless. Soil carbon offsets, such as those in the Maasai rangelands, are even more uncertain.“The idea that you can capture carbon in Maasai rangelands and sell it to polluters is based on flawed assumptions,” said Henry Kileo, an environmental researcher specialising in carbon storage. “In semi-arid climates like northern Tanzania, soil carbon levels are highly variable and difficult to measure accurately. There’s…
Image source: Getty Images Shell (LSE:SHEL) shares are up just 4% over the past 12 months. As such, an investment made a year ago would be worth £10,400 today. However, an investor would have also received around £400 in the form of dividends. So, 8% total returns. Not bad but not great. What’s been going on? Shell’s share price gains have been modest, despite the company’s efforts to streamline operations and improve financial performance. This sluggish performance can be attributed to several factors. Firstly, oil prices have fluctuated over the past 12 months, but the general direction is downwards. As I…
Image source: Getty Images Smiths Group (LSE: SMIN) posted a 9.5% jump in first-half headline operating profit on Tuesday (25 March), but the share price didn’t do much in response. As I write, we’re looking at a rise of just 1.6% on the day. But Smiths shares have climbed 22% in the past 12 months and 81% in five years. Pressure to move The global engineering firm has been under pressure to consider a move to list on the New York stock market. US activist investor Engine Capital has been urging that as one possible way to maximise shareholder value.…
The total investment for the GranMorgu project is estimated at $12.2bn, with Staatsolie contributing $2.4bn (Sr$88.09m). Credit: Staatsolie. Staatsolie Maatschappij Suriname (Staatsolie) has successfully issued a new bond, raising $515.8m, which is $211.7m more than the initial target of $304.1m. The Staatsolie Bond 2025–2033 secured $468.7m and €43.5m ($47.1m), highlighting strong investor interest and confidence in the company’s initiatives. The interest rates are set at 7.75% for the US dollar bond and 7.25% for the euro bond, with payments scheduled twice a year, starting on 23 September 2025. The bonds are tradable on the Dutch Caribbean Securities Exchange and the…
What makes a carbon abatement project a sound investment?Poyan:1. Carbon markets are developing with new methodologies with improved quality assurance being launched2. On a policy level, rules around international trade of carbon with clear safeguards around double counting are emerging3. There is a convergence between carbon compliance markets and the voluntary carbon markets.All three mechanisms drive towards a more robust carbon market linked to the financial market. With that, capital can flow to the most efficient climate abatement projects. Lastly, we are far away from goals set out in the Paris Agreement. I believe we will realise that to reach these, we must…
Image source: Getty Images It hasn’t been an excellent week for Trustpilot (LSE:TRST). The growth stock has experienced an 18% drop in the share price in the last week. Even with this, it’s still up 20% over the last year. I’m deliberating whether to invest in the popular customer review platform on this potential dip. Here are my thoughts! Factors at play Last week, the 2024 annual results came out. Trustpilot reported its first annual pre-tax profit of £5.2m. Despite this positive milestone, the market reacted negatively because some investors had higher expectations. When looking to the future, the business…
Image source: Getty Images The lingering effects of Brexit compounded by the pandemic led to years of low returns for FTSE shares. But recently the UK market has made an impressive recovery, hitting new highs this year. While some companies continue to accept takeover bids from US firms, there are those that are beginning to see the advantage of remaining in the UK. President Trump’s trade tariff war has sent fear through the US market, making the UK look even more appealing for long-term stability. This presents new opportunities for UK investors to take advantage of undervalued shares with promising…
Tolgart | E+ | Getty ImagesScammers are always looking at ways to separate you from your money and they are using the tax season to try and trick taxpayers into falling for various fraud schemes.With millions of Americans sharing personal and financial information, tax season is a prime time for scammers to steal not just your refund but also your identity, experts say.”Anybody can be a victim,” said Jennifer Hessing, who works as a fraud analytics director at Wells Fargo.Hessing said she experienced having someone file a tax return in her name with stolen personal information. The Internal Revenue Service…
Image source: Getty Images Kingfisher (LSE: KGF) reported a 7% fall in full-year profit before tax (PBT) on Tuesday (25 March), and the share price promptly slumped 12% when the market opened. The home improvement retailer saw sales dip 1.5% in the year to 31 January 2025, with bottom-line adjusted earnings per share (EPS) down 5.2%. But the owner of the UK’s B&Q and Screwfix, and Castorama and Brico Depot in France, reckoned its core categories were resilient. Big-ticket spend on things like kitchens and bathrooms has been under pressure. CEO Thierry Garnier said: “Recent government budgets in the UK…