Russian President Vladimir Putin (C) enters the hall during the meeting with Iranian President Masoud Pezeshkian (not pictured), October 11, 2024, in Ashgabat, Turkmenistan.Contributor | Getty Images News | Getty ImagesIran has been one of Russia’s few staunch allies throughout the war against Ukraine, but Tehran now faces the strain of indirectly fighting its nemesis Israel on two fronts.Under pressure — but still defiant — Iran could start looking to Russia for help, given its need for greater air defense capabilities and military intelligence to detect a highly-anticipated but yet-to-materialize direct Israeli attack on Iran, analysts told CNBC.Russia is well-positioned to provide Tehran with such capabilities, but the extent to which it will assist…
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Image source: Getty Images The shares of FTSE 100 discount retailer B&M European Value Retail (LSE:BME) have taken quite a hit in 2024. Shareholders have suffered a 27% drop in market value as the group’s latest performance has struggled to maintain last year’s momentum. As a result, the stock now trades at a price-to-earnings multiple that lags firmly behind industry leaders like Tesco, J Sainsbury, and Marks and Spencer Group. But this might present an exciting buying opportunity for long-term investors to consider. In fact, B&M may have the potential to more than double in the coming years. Here’s why.…
Euronews Business looks at how to select a good investment portfolio manager, why you need one in the first place, and how to tell if it’s time to part ways. Source link
Sanofi (NASDAQ:) and CD&R partner to fuel Opella’s ambitions in consumer healthcare Sanofi and CD&R enter exclusive negotiations to transfer a 50% controlling stake in Opella with Sanofi to remain a significant shareholder With 11,000 talented and passionate people bringing iconic brands to life, Opella poised to ignite new bold development journeySanofi to become a focused science-driven biopharma delivering innovative medicines and vaccines to patients Sanofi 2024 business EPS guidance upgraded today Paris, October 21, 2024. Sanofi and CD&R announce today a plan to join forces to fuel Opella’s ambitions as a French-headquartered, global consumer healthcare champion. Sanofi and CD&R…
Western Alliance (NYSE:) Bancorporation (NYSE: WAL), a top-performing commercial bank, reported a solid third-quarter performance in its recent earnings call. The bank’s earnings per share (EPS) stood at $1.80, with a notable deposit growth of $1.8 billion and loan growth of $916 million. Despite a slight compression in net interest margin, the bank experienced a 25% increase in net interest income. The mortgage warehouse deposits saw a significant rise, contributing to higher earnings and strengthened customer relationships. CEO Ken Vecchione and CFO Dale Gibbons provided insights into the bank’s financials and future outlook, expressing optimism for the upcoming quarters.Key Takeaways…
(Bloomberg) — Bitcoin came close to $70,000 on Monday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for US regulations supported sentiment.Most Read from BloombergThe cryptocurrency rose 1% before paring gains to trade little changed at $68,720 as of 11 a.m. in Singapore. Smaller tokens such as second-ranked Ether and top-10 coin Solana oscillated in a narrow range.US spot-Bitcoin ETFs lured almost $2.4 billion of net inflows in the six days through Oct. 18, data compiled by Bloomberg show, partly on bets that US crypto rules will become…
Amsterdam and Dubai, 21 October 2024: VEON (NASDAQ:) Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (VEON or the Company), today announces that, following the filing of the Company’s Form 20-F for the period ended December 31, 2023 (2023 20-F) on October 17, 2024, it has received confirmation from the Nasdaq Stock Market (“Nasdaq”) that VEON is now compliant with the Nasdaq listing requirements. We have consistently maintained transparent communication with our investors and have diligently fulfilled our obligations. We appreciate the support of Nasdaq, where VEON has been listed since 2013, and the continued confidence of our…
Image source: Getty Images National Grid (LSE:NG) offers one of the largest dividend yields on the FTSE 100, above 4.5%. Utilities stocks like this are often popular with income seekers, as their defensive operations give them excellent earnings visibility, and therefore the means to pay a stable dividend over time. However, this hasn’t been the case with National Grid more recently. More specifically, it’s been forced to cut cash rewards for this financial year (to March 2025) to raise funds for future investment. In fact, the power grid operator’s planned dividend reduction this year means it would have cut payouts…
As our planet continues to grapple with the escalating climate crisis, carbon credits emerge as a powerful catalyst, infusing environmental responsibility with desirable incentives while creating a global currency for a sustainable future. Initially, the concept of carbon credits emerged as a market-based approach to address the pressing issue of global climate change. The idea was simple yet profound: incentivize companies and nations to reduce their greenhouse gas emissions by creating a tradable commodity. The origins of this concept can be traced back to the Kyoto Protocol of 1997, which established the first international framework for carbon trading. Since then, the carbon…
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Source link