Holcim’s current CEO, Jan Jenisch, will be at the helm of this spin-off while focusing on his role as chairman. Jenisch will also stand for re-election at the company’s annual general meeting in May 2024. Gutovic has been part of the company’s group executive committee since 2018. He is presently in charge of Region Europe…
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Bloomberg reports inflation dipped below the 3% mark for the first time since 2021. On the back of a 2.9% inflation rate, consumer spending remains high, but there are concerns that this inflation margin will escalate prices again. Despite this optimism, economists warned the monthly US jobs report, job openings and consumer data, and the…
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European authorities have been mulling over the possibility of seizing frozen Russian assets, including those belonging to the central bank, to fund Ukraine's reconstruction. However, there are concerns that the negative impacts of such an action, including possible retaliation and a decrease in confidence in European assets, might outweigh the benefits. Using a currency as…
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Most notably, Afolami noted that investors would be wise to invest in NatWest (LON: NWG) shares, arguing that the relationship bank is a worthy investment with savings automatically enrolled and invested into the British stock market. After two recent share sales, the British government’s stake in NatWest is approximately 37%. The government saved NatWest from…
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In December 2023, Vujnovac, who climbed the wealth ladder through Prvo Plinarsko Drustvo, a gas supplier, became the majority owner of Fortenova. This Balkan company is a leading food producer and retailer. According to Bloomberg’s Billionaire Index, Vujnovac owns approximately $765m in assets. The company will commence with its intended IPO as soon as it…
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Sales of Novo Nordisk’s (NVO) diabetic drug, Ozempic, escalated by more than $1bn between its $2.3bn in Q3 2022 and $3.5bn in Q3 2023. Yahoo Finance noticed the absence of any discussions around GLP-1s at two conferences. A JPMorgan analyst, who attended a healthcare conference in January 2024, viewed this as good news for the…
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At the outset, the Swiss-based brokerage firm will limit the lending to certain stocks and exchange-traded funds, with plans to expand to additional asset classes. The annual payout rate for some stocks may surpass 5%, depending on market demand. The net return rate for clients on loaned securities could reach up to 1% annually, with…
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To further encourage the adoption of its Investment Plans in the UK, XTB has launched a new promotional campaign. This initiative underscores the advantages of automated, long-term, passive investment strategies. The firm underscores the benefit of this approach, highlighting the adaptability in modifying investment allocations to suit investors' changing objectives and preferences. Joshua Raymond, Director…
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Across the channel, the CAC 40 was down 0.1%, while Frankfurt’s DAX 40 also fell 0.2%. To add to market turmoil, British sterling also fell overnight, opening at $1.2722 this morning from its $1.2744 at market close on Wednesday. The euro slipped from $1.0904 to $1.0888. Christine Lagarde, President of the ECB, hinted at rate…
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This economist was also correct in his bullish S&P 500 approach, despite everyone anticipating recession and stock price drops. Lee said this index would end at 4,750 in 2023. It closed at 4,769. Still trying to regain a balance after the FTX scandal, TerraUSD $60bn wipe-out, and crash which saw Bitcoin plunging from $69,000 in…
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