Image source: Getty Images When markets turn choppy, I take comfort in the fact that some companies are built to withstand the worst of times. On the FTSE 100, there are several defensive giants that keep ticking along regardless of wider economic instability. These firms sell products that remain in constant demand, making their revenue streams more reliable than most. Such stocks rarely make news headlines, but their resilience often makes them excellent anchors in a long-term portfolio. My three favourites are Tesco (LSE: TSCO), Reckitt Benckiser (LSE: RKT) and Unilever (LSE: ULVR). Each offers a combination of steady growth,…
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One of the hottest places in private markets this summer is in the secondary market, where a record amount of big funds and their customers struggling to exit positions are finding a way out. Welcome to continuation funds or vehicles, also known as “CVs.” A good chunk of this year’s activity in that space has so far come from private fund managers, most of all those in private equity. The vehicles allow fund managers to flip older assets from their maturing funds into new, fresher pools of capital. Funds do this because they don’t think they’ve gotten enough value from…
Image source: Getty Images Aviva (LSE: AV) shares are changing hands around a price not seen since 25 January 2008. However, price and value are not the same thing. Price is whatever the market will pay for a stock, while value reflects the fundamental worth of the underlying business. The difference between these two things can be huge. And it is in that difference that big long-term profits can be made, in my experience. This comprises several years as a senior international bank trader and decades as a private investor. To ascertain whether such a gap exists in Aviva shares,…
Sean Duffy wants to put a nuclear reactor on the moon. People on Earth just want their bus to come on time.Nearly 23,000 people have signed a petition urging the federal Department of Transportation Secretary and interim NASA administrator to “fund transit, not fantasy” and focus on the challenge of decarbonizing America’s transportation system, rather than building a lunar power plant that could someday power a long-term base on the moon.That project, which the petition from the National Campaign for Justice dubbed “a space vanity project that diverts funding and focus from the urgent work of fighting climate change,” has…
The Environmental Protection Agency (EPA) announced last week that it has developed a national policy on carbon markets — ahead of a two-day stakeholder’s dialogue aimed at enhancing consultation around the policy.The policy, the agency noted, is designed to provide a clear vision and guiding principles for Liberia’s participation in carbon market schemes.However, barely 24 hours to the dialogue, scheduled for August 21-22 in Ganta, Nimba County, CSOs and communities have expressed dissatisfaction with the draft national carbon markets policy, citing concerns about inclusion, transparency, and accountability in its development process. A leaked position statement from the groups, a copy of…
Image source: Getty Images Growth stocks often dominate the headlines on both sides of the Atlantic. In the US, the S&P 500 is driven by giants such as Nvidia, while in the UK, Rolls-Royce has transformed itself into one of the FTSE 100’s hottest growth stories. But some of the best growth stocks aren’t the big household names. They’re often smaller businesses hiding in plain sight, waiting for a breakthrough moment. This week, two such companies caught my eye — and I’ll admit I’d barely heard of them until now. Both Shield Therapeutics (LSE: STX) and Pantheon Resources (LSE: PANR)…
The US has expanded steel and aluminum tariffs to cover over 400 products. Nucor Corporation, a leading American steel production group, is involved in the production of hot and cold rolled steels, manufacturing of steel products, and processing and transformation of steel and metal scrap. The group sells its products to various sectors, including automotive, household appliances, construction, and mechanical industries.The United States has significantly expanded its steel and aluminum tariffs, now covering over 400 products, according to recent Customs and Border Protection bulletins [2]. This expansion, effective Monday, includes items such as locomotives, motorcycles, truck trailers, household appliances, and…
NEW YORK: The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.Tech stocks, which drove much of the recovery from Wall Street’s April selloff, have been pulling back. The S&P 500 technology index was down on the day, while sectors such as energy, healthcare and consumer staples rose.”A broader lens tells you it’s more of a rotation than a true sell off,” said Allspring’s senior portfolio manager, Bryant van Cronkhite. “Tech valuations look extended…
As the voluntary carbon market works to recover from a crisis of credibility, one rising player is stepping in to offer something the sector has long lacked: financial protection from the very beginning. London-based startup Artio is the first insurer designed specifically to cover carbon-credit projects from the concept phase, before a single tree is planted or a ton of carbon is removed. Artio’s model is bold in its simplicity: Offer insurance to cover delivery shortfalls on carbon credits, giving both developers and investors the confidence to move forward early. It’s a solution to one of the most persistent problems…
In the era of new technologies and digital solutions, it is people who continue to be the most valuable capital of the mining industry.“ With this message, the Minister of Energy Zhecho Stankov opened his greetings to the participants in the national celebration of the Miner’s Day, organized by the Bulgarian Mining and Geological Chamber at “Sofia Hotel Balkan“. In his speech, Minister Stankov recalled that back in 2015 he participated in the creation of a mining strategy with a horizon until 2050, which today serves as the basis for the sustainable development of the sector. He noted the achievements…