Image source: Getty Images Over the past two decades, the FTSE 100 index has averaged gains of around 6.3% a year, including dividends. That’s what chartered financial analyst Edward Sheldon discovered recently after carrying out research and writing about it on The Motley Fool. Sheldon reckons those average annual gains delivered an overall return of 241% over the 20-year period. A Footsie index tracker fund would have beaten cash in the bank. But Sheldon’s unimpressed. He suggests at least diversifying over other indices, such as America’s S&P 500. But he also thinks it may be a good idea to pick…
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Rolls-Royce is set to give its entry-level sedan, the Ghost, a mid cycle refresh. The luxury carmaker has been testing a pre-production version of the facelifted model, and recent spy shots reveal some of the changes in store. The most noticeable changes are to the front end, with new headlights, a revised bumper, and a slightly tweaked grille. While the silhouette remains the same, the Ghost will receive a fresh coat of paint and new wheels. Inside, expect updated upholstery and trim options, as well as potentially a new infotainment system. While a Level 3 semi-autonomous driving system has been…
(Reuters) -Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday. The joint venture operates 324 retail sites and petrol stations across Switzerland. “This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures,” Phillips 66 (NYSE:) CEO Mark Lashier said in a statement. The company said it would receive $1.17 billion as sales price and $70 million as assumed dividend for the current year to be paid at or prior to closing. Phillips 66 had said…
Pension fund PKA, one of Denmark’s pioneering investors in energy production through the Anholt offshore wind farm, is preparing to significantly increase its stakes in energy companies, reveals Michael Nellemann, PKA’s Investment Director, as he outlines the fund’s strategy in an interview with AMWatch’s Danish sister site, EnergiWatch. Source link
The Hyundai Tucson, a compact crossover known for its versatility, has recently undergone a dramatic transformation at Prior Design. The tuner has bestowed upon the Tucson a widebody kit that exudes a summery vibe, even as the northern hemisphere enters autumn. This isn’t the first time Prior Design has taken on a Tucson project, but this particular rendition is particularly striking. The Tucson’s stock appearance has been dramatically altered with the addition of flared fenders, a more pronounced chin spoiler, and side skirts. The rear end has also received a significant upgrade with a large diffuser and dual spoilers. To…
Image source: Getty Images Lloyds (LSE: LLOY) shares have risen 51% from their 25 October 12-month traded low of 39p. This is just 2p away from their 29 July one-year traded high of 61p. Some may think this price action means there is little room for further gains from the stock. Others may feel compelled to jump on the bullish bandwagon for fear of missing out. To me as a long-term investor such considerations are irrelevant. The only key question in my view is whether there is any value in a stock. If there is, I might buy it, depending…
Mercedes-AMG is gearing up to launch its latest high-performance model, the CLE 63. Recent spy shots have revealed two camouflaged prototypes undergoing rigorous testing at a racetrack. These prototypes showcase the 63 specific styling elements, including distinctive front and rear bumpers, a quad exhaust setup, and the iconic Panamericana grille. Unlike its less powerful siblings, the CLE 63 is expected to feature a hybridized V8 engine instead of a four cylinder or six cylinder unit. This powerful engine will provide a thrilling driving experience. While the exact engine details remain under wraps, it’s likely that AMG will utilize a twin-turbo…
Investing.com– Chinese stocks are likely to experience increased volatility in the coming days as investors digest the government’s recent round of stimulus, UBS analysts said, while flagging potential risks from a disappointing stimulus package. China’s and indexes clocked wild swings in recent sessions after the government announced plans to unlock more fiscal stimulus for the economy. But a lack of crucial details on the planned measures, especially their timing and scale- disappointed some investors. China’s benchmark indexes had surged to two-year highs earlier in October on optimism over more stimulus. But this rally now appeared to have fizzled out. “Investors…
By Kevin YaoBEIJING (Reuters) – China’s economy is likely to expand 4.8% in 2024, undershooting the government’s target, and growth could cool further to 4.5% in 2025, a Reuters poll showed, maintaining the pressure on policymakers as they consider more stimulus measures.Gross domestic product is forecast to have risen 4.5% in the third quarter from a year earlier, slowing from 4.7% in the second quarter and hitting the weakest since the first quarter of 2023, according to the poll, which was conducted between Sept. 27 and Oct. 15.Authorities have sharply ramped up policy stimulus since late September in a bid…
Amidst a dwindling cash reserve, Rivian has been forced to temporarily halt plans for a second factory in Georgia. Despite the setback, the EV startup has applied for a federal loan to fund the construction of the facility by 2028. However, with its financial situation deteriorating rapidly, Rivian’s ability to realize this ambitious goal remains uncertain. The company’s recent financial performance has been marked by disappointing results. Rivian delivered fewer vehicles than expected in the third quarter and announced a lower full-year production guidance. Additionally, the EV startup’s partnership with Volkswagen, which was once seen as a strategic advantage, has…