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...Mark Bristow, one of the mining industry’s most prolific dealmakers, has warned that M&A will do nothing to grow the supply of copper that the world needs to go green, as sector leader BHP pursues a £31bn...
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
...In the years when Buffett outperformed, it had a market cap of $100bn or less, and represented a smaller fraction of the S&P. Now it is $900bn and about 2 per cent of the index....
...Issuances of green, social, sustainability, and sustainability-linked bonds, also known as GSSSB, are expected to reach more than $1tn in 2024, according to S&P Global....
...for green energy and fossil fuels....
...The private equity group said: “A just energy transition will require massive investment in green energy and decarbonising high emitters....
...Yesterday in this space I wrote about Berkshire’s last two decades of share performance, which have mirrored the S&P 500....
...Green and Hand make two main objections. First, they tried McKinsey’s statistical approach on S&P 500 companies, and found no significant relationship. Second, they fault McKinsey’s methodology....
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
...A survey by S&P Global Mobility showed that about 45 per cent of consumers across countries cited concerns over the availability of charging stations, and the time required for charging, as reasons for not...
...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...According to data from S&P Global, technology groups dominate the list of the 50 companies with a market value of more than $10bn that made the biggest percentage gains in 2020....
...Last year was the weakest for net inflows since 2019, when interest in green investments intensified. At least one climate-focused investor is forging ahead....
...new skills, new sectors, at the same time as we’re trying to run the offshore E&P [oil and gas exploration and production] industry”....
...MSCI and S&P have put companies linked to the Myanmar junta in their ESG products, as my colleague Patrick Temple-West reports this week. But active funds have questionable holdings too....
...Caught in the middle is researcher Emmy (Robyn Cara), as green as the emerald isle herself. While the series neatly piles on the suspense and intrigue, it feels light on the dark comedy....
...Green bond issuance increased 12 per cent in 2023 to $489bn, according to a Merrill Lynch report. Another $4bn of so-called “blue bonds” were issued last year for water improvements....
...Green energy investment trusts face investor votes on whether they should continue trading as a prolonged slump in share prices hampers access to capital and presents challenges for the green transition....
...The chart below from Goldman nicely illustrates, with actual results in light blue and prior estimates in dark green: Binky Chadha of Deutsche Bank has recently put out a more optimistic S&P earnings forecast...
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...Looking at a 20-year chart of the price/earnings valuations of the S&P 500 and its small cap sibling the S&P 600, it seems possible that this is what has happened to small stocks: Small caps (dark blue...
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...The New York-based asset manager on Monday warned in a report that metals needed for the “monumental” shift from an economy based on fossil fuels to a green system reliant on materials had been vastly underestimated...
...S&P Global’s latest ESG score for Philip Morris International, whose cigarettes continue to cause ill health and death around the world, is 85 out of 100....
...It estimated that revenue for the three months to June would be in the range of $240mn-$255mn, also above expectations, according to data from S&P Capital IQ....
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