Image source: Getty Images For most people, five grand per month in passive income would do very nicely. Indeed, that may even be enough to give up work, assuming one isn’t planning regular luxury spa breaks in The Bahamas. Arguably the best way to target dividend income is inside a Stocks and Shares ISA. This account shields any returns from taxes, allowing wealth to build faster. Over the past 10 years, a Stocks and Shares ISA tracking the performance of the FTSE 100 index has easily outperformed a Cash ISA. The average return is around 9% per year and slightly higher…
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Ghana is intensifying efforts to position itself as a regional hub for value-added steel manufacturing, supported by investments in domestic iron ore processing and sustainable production methods. The country’s industrial development strategy and expanding trade links are the focus of Oxford Business Group’s latest Global Platform video, produced in collaboration with B5 Plus Group, Ghana’s leading steel manufacturer. The video features insights from Mukesh Thakwani, CEO of B5 Plus Group, who outlines the strategic importance of Ghana’s local iron ore deposits and their role in reducing raw material shortages, improving steel quality and supporting downstream industries. With steel identified as…
Image source: Getty Images Rolls-Royce (LSE: RR) has become a FTSE 100 juggernaut, there’s no other way to describe it now. The shares jumped another 10% today (31 July) after the engine maker hiked its profit guidance yet again. It means the company is now the fifth largest on the London Stock Exchange, with a £92bn market cap. Interestingly, this latest rise means Rolls is outdoing Nvidia stock, with an incredible year-to-date gain of 89% versus 39% for the AI chipmaker. It’s also outperforming over one (+137%) and three years (+1,100%). Nvidia still wins out across five years (+1,600%), but…
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…
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…