All flights to and from London Heathrow have been cancelled today due to a fire at a nearby electricity substation.Passengers are being warned to stay away, with more than 1,300 journeys expected to be cancelled.But what are the rights of passengers if their flights are delayed or cancelled?Your rights during delaysYour flight is covered by UK law if it departs from a UK airport, arrives at a UK airport on a UK or EU airline, or arrives at an EU airport on a UK airline.When it comes to significant delays, UK law says airlines must provide you with care and…
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Image source: Getty Images I’m always hunting for high-quality FTSE 100 dividend — rather than growth — stocks. I’m a believer in the ‘bird in the hand’ theory — I’d rather be paid cash (in the form of dividends) now than wait for growth tomorrow. Of course, long-term investing is about balance and diversification. The top dividend payers today may not be the same in 10 or 20 years’ time. Equally, dividend policies are subject to change that could quickly alter the balance of a portfolio. However, there’s something to be said for large, stable FTSE 100 dividend stocks in…
Image source: Getty Images The Tesla (NASDAQ:TSLA) share price has been on a wild ride. Scratch that. The Tesla share price is a wild ride. Always has been. Today, the stock’s screeching into reverse. Shares have plunged more than half from their December peak of $488, dragging Tesla’s market-cap down to $740bn. While that may sound hellish, it’s worth noting that this only takes the stock back to October 2024 levels. Despite the sell-off, the stock’s still up 36% over the past year. Is this growth stock running on empty? At times, Tesla seems overwhelmed by controversy. CEO Elon Musk’s growing…
Amazon is expanding its Sustainability Exchange resource platform to give its value-chain partners access to investments in nature-based products and carbon reduction technologies through carbon credits, the company said this week. The credits will only be offered to companies that have set a net-zero carbon emissions target covering direct emissions and operations, indirect emissions from purchased electricity and indirect emissions from other sources, Investors must also measure and publicly report greenhouse gas emissions on a regular basis and commit to implementing decarbonization strategies in line with the latest climate science. “As we continue on our path to reach net-zero carbon…
Most metal stocks have posted strong gains in recent days, lifting the sectoral index, which had been under pressure for five consecutive months.As of March 18 close, the Nifty Metal index has gained about 10 per cent this month, significantly outperforming the Nifty 50 index which has risen a little over 3 per cent.Some of the index majors such as Vedanta (up 17 per cent), Tata Steel (13 per cent), Hindustan Zinc (12 per cent), Jindal Stainless (11 per cent), Adani Enterprises (10 per cent) and Hindalco (10 per cent) have seen robust gains this month.Barring APL Apollo Tubes, which…
Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround.In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter, which is set to end in May, to be at the “low end” of the “mid-teens range.” It also anticipates its gross margin will fall between 4 and 5 percentage points as it ramps up efforts to liquidate excess inventory and stale styles that are no…
Carbon Credits MarketCarbon credits operate as permits, each representing the removal of one ton of carbon dioxide from the environment. These credits are predominantly acquired by individuals or businesses seeking to offset their carbon emissions stemming from industrial activities. Various registries such as the American Carbon Registry (ACR), Climate Action Reserve (CAR), and the UN Clean Development Mechanism (UN CDM), among others, oversee and regulate these carbon credits. Revenue generated from the sale of these credits serves as crucial financial support for emission reduction projects. This funding plays a pivotal role in incentivizing and financing additional initiatives geared towards reducing…
Image source: Vodafone Group plc I’ve long been arguing that the Vodafone (LSE:VOD) share price underestimates the true value of the telecoms group. However, nobody appears to have been listening! Well, maybe things are starting to change. That’s because since 4 February, when the share price closed at 65.1p, it’s risen 16.1% to 75.6p (at lunchtime on 21 March). Although I’m a shareholder, I try to take a dispassionate view. There’s no point trying to kid myself if I know – deep down – that I made a mistake when I bought the stock. As Warren Buffett famously once said:…
The fundamental shift in fiscal policy in Germany over the past month has caused significant upheaval, placing the European bond market on uncertain ground. What will happen to longend rates when the usual assumptions about German frugality may no longer apply? The market has offered its initial take on the implications, sending the 10-year German yield up by approximately 0.4 percentage points since the beginning of March. This is a rather dramatic reaction, in our view, reflecting several mechanisms within the bond market. With a more expansive fiscal policy, the likelihood increases that growth and, consequently, the ‘neutral’ interest rate…
As the clock ticked down towards 12.01am Eastern Standard Time on 12 March, Liam Bates kept refreshing his browser.Over the preceding weeks, Marcegaglia, the stainless steel company whose long products division he headed up, had rushed to melt and ship as much metal as it could from its furnaces in Sheffield across to the east coast of America, ahead of the imposition of tariffs. Stainless steelUK and US industrially interlockedOf all the varieties of steel, stainless steel – an alloy of iron and chrome, along with other elements like nickel, molybdenum and carbon – is among the most important. Unlike…