Image source: Getty Images Despite consistently delivering solid results quarter after quarter and returning billions of dollars to shareholders, Shell (LSE: SHEL) shares have been pretty flat over the past few years. With the company seemingly not too keen on moving its primary listing away from London, I keep asking myself just what it needs to do to close the valuation gap with its US peers. H1 results Today, 31 July, the oil major released its half-year results. The overall message I got was that despite lower realised prices for oil and gas, optimising shareholder returns remain the priority. The…
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The Canadian Dollar weakens for a sixth consecutive day, with USD/CAD hitting its highest level since late May.US President Donald Trump threatens 35% tariffs on Canadian goods not covered under USMCA if no deal is reached by August 1.Canadian GDP contracts 0.1% MoM in May, marking the second straight monthly decline.The Canadian Dollar (CAD) remains on the back foot for a sixth straight day against the US Dollar (USD) on Thursday, sinking to its weakest level since late May. At the time of writing, the USD/CAD pair is trading flat around 1.3834 during early American trading hours, hovering near a…
Image source: Getty Images Popular dividend share Unilever (LSE: ULVR) didn’t see much price movement Thursday (31 July) after first-half results. It was hovering around 0.5% to 1% up for most of the day. This is a year of change as the company seeks to remedy relatively weak past performance. It includes the planned spin-off of its ice cream business, with Ben & Jerry’s and Magnum among key brands. The demerger, to produce The Magnum Ice Cream Company, should happen by November. Perhaps ironically, the Ice Cream division led the way on underlying sales growth in the half. At 5.9%,…
A lack of guidance over how to account for carbon credits and similar instruments has led to wide variations in corporate reporting, according to a new analysis.The Association of Chartered Certified Accountants and the Adam Smith Business School at the University of Glasgow published the results of a survey of 300 companies globally, concentrating on high-polluting sectors. This found that, in the absence of any dedicated accounting rules, there was no consistency in the reporting of carbon-related instruments such as carbon credits, which allow companies to offset the pollution they cause.“Without guidance from standard setters, companies are … Source link
Image source: British American Tobacco I’m always on the hunt for the best share to buy, and sometimes I start by asking which FTSE 100 stock did worst last month, and which did best. Normally, I’d be drawn to the laggard. As a long-term value investor, that’s often where the bargains lie. But July’s worst performer was advertising group WPP, down 20%, and frankly, I wouldn’t touch it today. Artificial intelligence is eating its lunch. So I turned to the winner instead and was surprised to see it was British American Tobacco (LSE: BATS), up 15%. That’s not a blip either. The share price is…
Luxembourg authorities are looking into possible wrongdoing tied to carbon-credit projects based in China that have been tapped by European companies to reduce their CO2 footprints. “The Prosecutor General’s office is currently investigating the matter,” a spokesperson at Luxembourg’s ministry of environment, climate and biodiversity told Bloomberg, declining to comment further. A spokesperson for Luxembourg’s public prosecutor’s office said the case concerns a complaint forwarded by the ministry in March and is “currently being processed.” The office hasn’t yet decided what action to take, the person said. Both the ministry and the prosecutor’s office declined to name the companies or…
Image source: Aston Martin A company that focuses on cars with fast acceleration needs to know about deceleration too. Unfortunately for luxury car marque Aston Martin Lagonda (LSE: AML), a lot of deceleration has taken place in its share price. Since listing in 2018, Aston Martin shares have shed 98% of their value. But is there some possible light at the end of the tunnel? There may be, and the company’s interim results released this week have me seeing more grounds for optimism on this score. In fact, I think one specific factor could help propel Aston Martin shares higher…
Image source: Getty Images Legal & General (LSE: LGEN) shares have been a disappointment. While other FTSE 100 financial stocks have picked up pace, including super soaraway rival, Aviva, L&G shares have fallen behind. The Legal & General share price is up 10% over the last year, but two-year growth is a meagre 7%, and long-term investors have even more reason to feel short-changed. The shares still trade at similar levels to a decade ago. FTSE 100 underperformer There is one consolation. This is one of the highest-yielding stocks on the index, with a trailing dividend yield of 8.33% today. That’s not bad…
Financial ExpressIndia ramps up rare earth strategy; eyes Australia, Argentina, Brazil and Chile for supplies: ReportAmid rising global concerns over China’s dominance in rare earth magnets, India is ramping up efforts to diversify supply chains by exploring partnerships….1 month ago Source link
As the energy transition accelerates, global demand for REEs is set to surge, raising major concerns around supply chain stability and geopolitical risks. Magnet REEs Demand Set to Triple as EVs and Wind Power Take Off A McKinsey report reveals that global demand for magnetic rare earth elements is projected to triple—from 59 kilotons in 2022 to 176 kilotons by 2035. This sharp rise is driven by booming electric vehicle adoption and the rapid expansion of wind power projects. Neodymium (Nd) and praseodymium (Pr) form the core of REE magnets, while dysprosium (Dy) and terbium (Tb) are added to enhance…