[ad_1] Last update: March 19, 2025 EU Industry Commissioner Stéphane Séjourné (European Union) The EU Commission’s steel and metals action plan promises European industry rapid protection against cheap imports. There is criticism of the measures on energy prices.The EU Commission wants to adapt the “steel safeguards” on April 1, which are intended to protect the European steel industry from cheap imports from Asia. This was announced by Commission Vice-President Stéphane Séjourné on Wednesday at an initial presentation of the Commission’s steel and metals action plan. The steel safeguards will be tightened to maintain effectiveness and take account of recent market…
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[ad_1] Image source: Getty Images International Consolidated Airlines’ (LSE: IAG) share price has dropped 20% from its 7 February one-year traded high of £3.68. This might indicate that a business is worth less than it was before. Or it could result from market speculation over the short-, medium, or long-term outlook for a company. As a long-term investor I am not particularly concerned about shorter-term market worries. My key investment concern for a growth stock is whether there is substantial value in it over time. I did a deep dive into the numbers behind the British Airways-owner’s business to see…
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[ad_1] Image source: Getty Images The FTSE 250 investment manager formerly known as abrdn has not only added a few more vowels to its name recently. The newly-renamed aberdeen group (LSE: ABDN) has also turned a 2023 £6m IFRS loss before tax into a 2024 £251m profit. According to the 4 March results, this included an adjusted operating profit of £255m against last year’s £249m. It also incorporated a £92m gain on the sale of its European private equity business and a 34% drop in restructuring expenses to £100m. This restructuring focuses on cutting costs (mainly in middle management) and…
[ad_1] We recently published a list of 13 Most Undervalued NASDAQ Stocks To Buy According To Hedge Funds. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other most undervalued NASDAQ stocks to buy according to hedge funds. The NASDAQ Index closed more than 10% below its December high of 20,174 on March 6, 2025. This officially puts the index in a market correction – which has happened a dozen times since 2010. Historically, the index has delivered an average return of 21% in the 12 months following its first close…
[ad_1] The pound retreated against the dollar, slipping 0.2% to $1.2972, after the release of UK labour market data for three months ending January. CCY – Delayed Quote • USD As of 10:23:30 GMT. Market open. UK pay growth was steady but remained above inflation ahead of the Bank of England’s (BoE) latest interest rate decision. UK average weekly earnings excluding bonuses rose 5.9% in the three months to January on an annual basis, according to data from the Office for National Statistics. That was unchanged from from the previous three months but continued to outstrip inflation, which rose to…
[ad_1] Photo Credit: Getty Images Sustainability probably isn’t the first thing that comes to mind when you think of Formula One racing, but one team surprised everyone by purchasing nature-based carbon credits to offset decades of carbon pollution. As TechCrunch reported, the Mercedes-AMG Petronas F1 team announced plans to buy over 6,000 tons of carbon credits from Chestnut Carbon, a carbon removal developer that plants trees on degraded farms throughout the Southeastern United States. It’s part of the racing series’ larger goal of reaching net-zero carbon pollution by 2030. Hitting that target comes with some challenges, though, as it will…
[ad_1] Image source: Getty Images Growth stocks are supposed to deliver excitement and reward patience. But right now, five are stinking out my Self-Invested Personal Pension (SIPP). So let’s name and shame them: Diageo, JD Sports Fashion (LSE: JD), Glencore, Ocado Group and Aston Martin. I bought them accoss 2023 and early 2024 while consolidating three old pensions into a single pot. My SIPP contains 20 UK stocks and has done well overall, thanks to a steady stream of dividends and some big winners that have doubled in value. But these five have been dead weight. Glencore‘s down 25% over…
[ad_1] The European Union will tighten steel import quotas to reduce inflows by a further 15 per cent from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European market after Washington imposed new tariffs.European steel producers already battling high energy prices and competition from Asia and elsewhere warn that the EU risks becoming a dumping ground for cheap steel diverted from the U.S. market, which could kill off Europe’s plants. ‘During a period when nobody is respecting WTO (World Trade Organization) rules and everyone refers to national security… the EU…
[ad_1] Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesCoreWeave, the artificial intelligence startup backed by Nvidia, is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday.The price range, which has not been previously reported, would translate into an offering of $2.3 billion to $2.7 billion for CoreWeave, the sources said, requesting anonymity as the discussions are confidential.CoreWeave could possibly raise this range before the IPO prices should investor demand prove strong, said the sources.CoreWeave did not immediately respond to…