Hints and tips:
...S&P says the cost reduction makes the cheapest clean hydrogen production “immediately cost-competitive”....
...A crucial mark of success will be when Rolls-Royce is upgraded to investment grade by all of the rating agencies. S&P Global upgraded it to BB+ in December....
...but it should still be cash-flow break-even on US$34/bbl oil and 34p/therm gas....
...Despite the ructions in the markets, speakers on Moral Money’s panel from AllianceBernstein, DWS, Glenmede, Goldman Sachs and S&P Global were unanimous in predicting that ESG strategies would continue to...
...Crude oil prices entered a bear market in November and had their worst monthly performance in a decade. That left energy as the worst-performing sector in the S&P 500 with a 2.2 per cent decline....
...S&P Global this week cut GE’s credit rating, and other agencies said they were considering doing the same. The urgency of the crisis creates opportunities to make radical changes....
...The company’s credit rating has been put on review for downgrade at S&P Global while Moody’s has a negative outlook on the group....
...The group has been struggling in recent years, hit by problems including a downturn in the market for gas-fired power plants and the slump in the oil industry that hurt Baker Hughes....
...Morgan Stanley and Centerview advised on GE’s $32bn deal with oil and gas group Baker Hughes....
...He also accepted there was a risk that the continuing GE could have more volatile revenues because its portfolio of businesses is narrower, as S&P Global Ratings warned in a note on Tuesday....
...The fight for Newmont Mining is starting to get ugly Barrick Gold’s bold $18bn hostile bid for Newmont Mining, the only gold miner in the S&P 500, has already degenerated into a war of words....
...The US Association of Oil Pipe Lines warned that the tariffs would mean “killing US jobs”. Ellen Meyers and Michael Copley for S&P Global had a good round-up of the possible consequences....
...Support levels were higher than 90 per cent at all but four of the past 1,500 meetings at S&P 500 companies, according to ISS Analytics....
...Fellow rating agencies S&P and Fitch have both assigned GE ratings of AA-. In October, S&P placed GE’s rating on review for a possible downgrade, citing its weak operating results....
...The loss was largely driven by restructuring and costs related to its merger with GE’s oil and gas business....
...Mr Immelt’s acquisitions — particularly in the oil and gas sector — came ahead of a rapid drop in commodity prices. His bets on the industrial “internet of things” have mostly yet to pay off....
...Since Mr Immelt took over as chief executive in 2001, GE’s shares have dropped by 33 per cent, compared to a 118 per cent rise for the S&P 500 index over the same period, and a 262 per cent increase for...
...Jeff Immelt will hand over after 16 years as chief executive, during which time GE shares dropped by 35 per cent while the S&P 500 index rose 118 per cent....
...An emphasis on oil and gas equipment came just before the oil price plunged in 2014. GE’s total annual return since the end of 2009 is 12 per cent, lower than the S&P 500 and other industrials....
...serving the oil and gas industry offset....
...Oct 31 GE and Baker Hughes to merge oil and gas units 5....
...The shares have risen 14 per cent over the past 12 months, a period in which the S&P 500 index has been roughly unchanged....
...Oil prices were soft overall, with Brent crude, the international benchmark flat at $51.96 a barrel and West Texas Intermediate shedding 0.1 per cent to $50.27....
...After sharply trailing the broader stock market in 2014, shares in GE surged 24 per cent last year, trouncing a flat S&P 500, as investors rewarded the company for scaling back a financial services business...
...But order trends were likely to “skew sharply negative” in the third quarter, in part because of weak demand for GE’s equipment for from the oil and gas industry ....
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