The initiative supports the COP30 Presidency’s goal of accelerating climate finance for forests and developing economies. Brazil, as host nation, is placing strong emphasis on halting and reversing deforestation and forest degradation by 2030.EditorialThis content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Standard Chartered has announced an agreement to sell up to five million high-integrity forest protection carbon credits in partnership with the Brazilian State of Acre. This marks one of the first collaborations between a major global bank and a sub-national government to support large-scale forest…
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Anyone who has savings in a variable rate bank account is being urged to take action as soon as possible following the Bank of England’s decision to cut interest rates on Thursday.Senior economists at the Bank of England have reviewed the UK’s base interest rate and announced it will reduce from its current 4.25% to 4%.For many variable or tracker savings accounts, which closely follow base rates, this means the amount of interest you earn will immediately drop to match the base rate cut. For example, Chase bank’s tracker currently tracks 1.5% below the base rate, meaning your savings rate…
Image source: Getty Images Nobody buys Ocado (LSE: OCDO) shares expecting an easy life. I bought them 18 months ago after they dropped 85%, thinking they surely must be a bargain now. Then I quickly found myself sitting on a 45% loss. Yet I resisted the temptation to sell. While the company was still banking a loss year after year, I noticed the shares often jumped on results day, which tended to produce slightly better numbers than the market expected. In between, the price would drift lower and get hit hard by any negative macro news such as higher inflation and rising…
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Image source: Getty Images October has historically been a volatile month in the stock market. Several of the biggest crashes in history came in October, notably 1929 and 1987. Will the stock market crash a couple of months from now? Nobody knows. The market is cyclical so we know there will be another crash sooner or later. But it may be before October, during that month, or decades down the line. I would be surprised if we have to wait as long as that, but it is possible. There are a few things making me nervous about the stock market…
Image source: Getty Images Put money into a Stocks and Shares ISA, buy a range of high-quality dividend shares, monitor the portfolio from time to time. Can earning sizeable passive income streams really be as simple as that? Yes it can! Here is how, using the example of someone who has a spare £20,000 to invest, they could target an annual passive income of £18,000. Setting the right approach I ought to explain immediately that this is no overnight scheme. Rather, it is an example of how a long-term approach to investing can hopefully pay rewards in future. If the…
Image source: Getty Images I’ve had my eyes on a FTSE 250 stock that’s been offering double-digit yields with huge recovery potential. Yields of that size are often a sign of trouble, and that’s certainly the case with troubled asset manager Aberdeen Group (LSE: ABDN). The asset manager’s story has been far from smooth since its 2017 merger with Standard Life misfired. The deal, which created one of the UK’s biggest asset managers, ran into trouble early on. Losing a £25bn mandate from Lloyds and the daft rebrand to abrdn didn’t help. The yield rocketed, but mostly because the share price was falling rather…
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Image source: Rolls-Royce plc One of the great blue-chip turnaround stories in the stock market over the past few years has been Rolls-Royce (LSE: RR). Rolls-Royce shares have hit another all-time high this week and are now 1,144% higher than five years ago. I sold my Rolls-Royce shares long before they got to anything like today’s level. Was that a mistake? Hindsight is a great thing! In fact, I unloaded my small stake in the aerospace engineer in 2023 when the Rolls-Royce share price was £1.47. That already represented a 66% gain in just under a year. Still, since I…
Image source: Getty Images In the UK, individuals can open a Stocks and Shares ISA from age 18, with an annual allowance of £20,000. Over 13 years — by age 30 — that’s a potential £260,000 in contributions. Even with strong returns, that alone likely won’t reach £1m. In fact, it would require 20% annual returns to hit £1m in time — that’s incredibly hard to achieve over the long run. But starting earlier changes everything. While a child can’t open an ISA themselves, a Junior Stocks and Shares ISA can be opened by a parent or guardian from birth. Once the…