Hints and tips:
...is preparing for a showdown with shareholders at its annual meeting later this month over a pay package for its chief executive David Schwimmer that is benchmarked against big US data groups such as S&P...
...The pay package of S&P Global’s head was $18.6mn last year, while the chief executive of MSCI took home $13mn in 2022, according to proxy statements....
...Chiefs of companies on the US S&P 500 index were paid three times more in 2022, earning on average $16.7mn (£13.6mn at the time), according to labour union federation AFL-CIO....
...Chief executives of companies on the US S&P 500 index are paid far more than their UK counterparts, receiving a median of $14.1mn in 2022, according to an annual study published this month by labour union...
...S&P, the rating agency, has negative outlooks for two-thirds of the UK water companies it rates — indicating the possibility of downgrades as the result of weaker financial resilience....
...Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green....
...Separated from the audit division, consultants in the US alone would be free to chase business at close to a third of S&P 500 companies, including tech giants such as Google and Amazon, that are currently...
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...P&O Ferries declined to comment....
...It was one of the biggest jumps in the S&P 500 that we’ve seen in quite some time....
...Patrick Dwyer, a managing director at Newedge Wealth Management, said: “Walk into any private bank in the world and ask if they have Blackstone products and they will....
...P&O declined to comment....
...“The importance of corporate governance has come even more to the fore given P&O and other corporate scandals, and we have been waiting for so long for a response from the government, which makes it strange...
...Michael O’Dwyer, Harry Dempsey and Delphine Strauss in London and Ian Johnston in Dover with additional reporting by Peter Foster...
...In a recent study S&P estimated demand for copper would double to 50mn tonnes by 2035 because of its uses in electric vehicles, charging infrastructure, solar panels, wind turbines and batteries....
...FT accountancy correspondent Michael O’Dwyer breaks down the planned split — and how EY intends to keep 13,000 partners happy....
...Hedge funds overall have shed 5.6 per cent, far less than the S&P 500’s 20 per cent drop, bolstered by strong performing quant and macro funds....
...“We ended up being the eighth-best performing stock in the S&P 500 last year....
...Over this period, the S&P 500 ESG index, which tracks big US companies with high ESG ratings, beat the normal S&P index by 0.6 per cent....
...This helped spur a 3 per cent gain in futures contracts linked to the S&P 500 index on Friday and underpinned a rally in Asian shares despite a historic contraction in China’s economy....
...“The vast majority of permanent hair dyes include one of two dye molecules, PPD (para-phenylenediamine) or PTD (p-toluenediamine),” says Rosa Ajjam, senior vice-president for hair products retail at Coty...
...Equities In New York, the S&P 500 ended 0.6 per cent lower 2,750, following a 4.1 per cent slide last week — its biggest weekly decline since March....
...Healthscope shares fell as much as 6.9 per cent on the announcement, putting it among the worst performers on the benchmark S&P/ASX 200 index. The index was off 0.7 per cent....
...At the same time, the trailing dividend yield of the S&P 500 stock market index has dipped slightly from the roughly 2 per cent mark it has traded around in recent years, to 1.8959 per cent....
...“The move in the lira has cast a positive glow over the broader EM FX space,” noted Kathleen Brooks at Capital Index....
International Edition