Image source: Getty Images British Airways-owner International Consolidated Airlines’ (LSE: IAG) share price has fallen 10% from its 30 September 12-month high of £2.12. It is down 68% from the £6.15 level it held in January 2020 before the widespread onset of Covid. To me, such numbers will always flag the possibility of a huge bargain to be had. Why has it dropped so low? The big part of the drop from £6.15 resulted from the effects of the Covid virus on travel. Airline passenger numbers fell over 90% in 2020 and 2021. This was compounded the following year when…
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By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -The U.S. dollar rose to a 10-week peak against the yen on Thursday as markets grew more confident about a patient approach by the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The , which measures the currency against six key rivals including the yen, stuck close to an almost two-month top touched overnight, as traders further pared bets for U.S. rate cuts this year after last week’s unexpectedly strong payrolls data. The U.S. currency touched 149.54 yen for the first time since…
Quantum Commodity Intelligence – Insurance for carbon credits is still an emerging concept, but there are now several options available to cover the diverse risks associated with this market. With market players now planning for Article 6 – the part of the Paris Agreement regulating carbon credit transfers between countries – the importance of insurance has grown, as market risks have become more prominent. A key concern is the risk of countries failing to grant corresponding adjustments, leading more market participants to seek solutions to manage this exposure. Among the leading insurers in this space are Oka, Kita, and CFC.…
Image source: Getty Images I’d love to have £12,000 to invest in a spread of passive income stocks. Sadly, I’ve invested every penny I’ve got. But if I did have £12k to hand, I’d invest it across three UK dividend growth companies, inside a Stocks and Shares ISA. I’d start by investing £4,000 into utility giant National Grid (LSE: NG). This is one of the most popular income stocks on the index, and for good reason. I’m chasing FTSE 100 dividends National Grid owns and operates the electric and gas transmission system in England and Wales. Basically, it’s a regulated…
By Andrey Sychev and Miranda Murray BERLIN (Reuters) -Sluggish demand and stiff competition in China hit third quarter sales at BMW (ETR:) and Mercedes, the German luxury automakers said on Thursday. The German car sector is facing multiple challenges, ranging from high production costs and managing the shift to electric vehicles to falling demand and rising competition from China. The troubles have been illustrated most recently by a cost-cutting drive at Europe’s biggest automaker, Volkswagen (ETR:), which is considering plant closures in Germany for the first time. For the July-September quarter, BMW’s sales fell 13%, while Mercedes reported a 3%…
In this piece, I evaluated two AI/Big Data stocks: Alphabet (GOOGL) and Meta Platforms (META). A closer look suggests bullish ratings for both, although a clear winner emerges.Alphabet, Google’s parent company, generates revenue from online advertising, sales of apps and content on Google Play and YouTube, and fees on cloud services and other licensing revenue. Meanwhile, Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, also generates revenue from online advertising.Shares of Alphabet have tumbled 12% over the last three months, bringing their year-to-date gain to 20%, which accounts for nearly all of the 21% one-year return. In contrast,…
FTSE 100 company Ashtead Group‘s (LSE:AHT) a global leader in rental equipment, operating in the UK, US and Canada. Between March 2020 and November 2021, the share price rose from £14.57 to £64.50 – a 342% leap. This was largely driven by high sales at its US rental business, Sunbelt. It also made 27 acquisitions throughout the year. But things have been more subdued lately, with the price up only 17% in the past year. Financial performance remains strong however, driven by consistent demand for its rental equipment across various end markets. In 2023, it reported a substantial increase in…
Vietnam plans to launch its carbon credit market on a trial basis from 2025 to 2028, without permitting sales to foreign entities while it builds out its infrastructure and allows companies to adapt.According to a report in Vietnam+, the country is accelerating the development of its carbon market, setting emission quotas for the power, iron and steel, and cement sectors starting in 2025. This move aims to help these industries address the challenges posed by the EU’s Carbon Border Adjustment Mechanism (CBAM) while also refining regulations related to the implementation of Article 6.The 2025-28 pilot program was discussed at a…
Investing.com — Shares of GSK plc (OTC:) (LON:) jumped on Thursday after the company said that it has reached settlements regarding about 80,000 lawsuits related to its Zantac product in the United States. At 3:46 am (0746 GMT), GSK was trading 6.6% higher at £1,554.23. The company has agreed to resolve 93% of the product liability cases pending in U.S. state courts for a total payment of up to $2.2 billion. This comes as GSK continues to face litigation over claims that Zantac may be linked to cancer, although the company maintains that there is no reliable scientific evidence supporting…
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity.A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one.As a result, these cabins are often booked by big-time business travelers, or the well heeled, including — to borrow a movie title — crazy rich Asians.A Singapore-to-London economy class ticket on Singapore’s flag carrier, booked about six months in advance, costs 1,700 Singapore dollars ($1,303.68) for a round trip. A business class ticket jumps to…