[ad_1] Image source: Getty Images After a disappointing 2024, the BAE Systems (LSE: BA.) share price is rising at speed. The FTSE 100 defence manufacturer’s shares have rocketed 28% in the last month and are up 23% over the past year. Investors are piling in, buoyed by concerns over Russia’s ongoing war in Ukraine and Donald Trump’s radical shift of US foreign policy,as he pressures European nations to ramp up their military spending. European-listed defence contractors, including BAE Systems, have been major beneficiaries but have they rallied too far, too fast? What next for this FTSE 100 stock? We’re seeing…
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[ad_1] Image source: Getty Images In January, the DeepSeek-induced sell-off sent shockwaves through the artificial intelligence (AI) and semiconductor sectors, with Nvidia’s stock taking a significant hit. However, this presented a rare buying opportunity for investors. Despite the initial panic, Nvidia’s position as a linchpin in future large language model (LLM) developments, driven by its market-leading AI accelerator chips, remained intact. The growing Sovereign AI movement and intensified hyperscalers’ capex trends has further supported this. Since then, Nvidia has partially recovered its losses, but the broader market correction since mid-February 2025 has weighed on its valuation. The stock shed over…
[ad_1] BOSTON, March 12, 2025 (GLOBE NEWSWIRE) — Boston Metal, a leader in steel decarbonization technology, successfully commissioned its multi-inert anode Molten Oxide Electrolysis (MOE) industrial cell for green steel production. De-risking Boston Metal’s MOE platform technology, this crucial milestone validates the performance of the inert anode—the essential element of MOE that allows scalable production of pure liquid iron without emitting any CO2—to efficiently produce green steel at commercial scale. Now operational at the company’s facility in Woburn, Massachusetts, the multi-inert anode industrial cell provides the validation of the scalability of MOE Steel to achieve commercial production. The company will…
[ad_1] Image source: Getty Images Berkeley Group Holdings (LSE: BKG) posted its latest trading update on Friday (14 March), and the share price moved up a couple of percent in early trading. The shares had been sliding since last September’s trading update, though the outlook back then seemed reasonable. December’s interim results didn’t do much to help, as the company said it was “on track to achieve our pre-tax profit guidance of £525 million for the full year and at least £450 million for FY26.” A forecast profit fall from 2025 to 2026 wasn’t what investors wanted. Guidance reinforced In…
[ad_1] Baker McKenzie Advises Terra Natural Capital on Microsoft’s Panna Afforestation Project Carbon Credit Deal. Baker McKenzie has advised Terra Natural Capital in a landmark deal with Climate Impact Partners, securing long-term finance for the Panna afforestation project in India. This initiative will see Microsoft purchasing 1.5 million tonnes of verified carbon removal credits over 30 years, representing 50% of the project’s total output. A Groundbreaking Afforestation Initiative The Panna afforestation project is set to plant up to 11.6 million mixed native trees across 20,000 hectares of community and farmer lands in India, an area larger than Washington D.C. To…
[ad_1] Downtown Anchorage in 2023. (Emily Mesner / ADN archive) In a new review of Alaska’s state finances, a New York-based credit rating agency has upgraded its outlook for the 49th state.Kroll Bond Rating Agency LLC announced Feb. 25 that it was upgrading Alaska’s general-obligation debt rating to AA+, one notch below the firm’s top AAA rating. That upgrade could lead to lower interest payments on state debt.The new rating came as the state prepares to refinance debt associated with the Goose Creek Correctional Center’s construction.Alaska’s first rating with Kroll was in 2023, when the firm rated Alaska as “AA,”…
[ad_1] President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, inviting immediate retaliation from the European Union and escalating tensions with other trading partners reeling from his on-and-off approach to steep trade penalties.Mr. Trump’s tariffs of 25 percent hit metal imports from every country that sells steel and aluminum to the United States. Many domestic steel and aluminum makers support the move, saying it will help protect their industry against foreign competitors. But the tariffs are expected to raise costs for American businesses that use foreign metals, including manufacturers of cars, canned food and drinks,…
[ad_1] A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty ImagesShares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line.Gvasalia, known as Demna in the industry, joins internally from Kering-owned Balenciaga. He replaces Sabato De Sarno, whose departure was announced last month.Shares were down 11.66% by 8:39 a.m. London time.”Demna’s contribution to the industry, to Balenciaga, and to the Group’s success has been tremendous. His creative power is exactly…
[ad_1] Image source: Getty Images After falling by 40% in six months, the Greggs (LSE: GRG) share price is looking deeply unloved. Investors have taken fright as the sausage roll specialist has reported slowing sales growth. It’s not a pretty picture. But the stock market is known for its dramatic mood swings. Has the recent sell-off gone too far? I can certainly see some reasons to think so. On a forward price-to-earnings ratio of just 14, my research suggests Greggs shares are currently cheaper than they’ve been for 10 years. The company’s operating profit margin also remains above average for…
[ad_1] The federal government announced a plan on Wednesday to slap tariffs on $29.8 billion worth of American goods to hit back against U.S. President Donald Trump after he imposed punishing tariffs on Canadian steel and aluminum early this morning.Finance Minister Dominic LeBlanc, the government’s point person on Canada-U.S. relations, said Trump’s attack on Canadian industry is “unjustified and unjustifiable” and the government must retaliate as the U.S. inserts “disruption and disorder” into what was once one of the most successful trading relationships in the world.”We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted,”…