National Grid plc focuses on electricity and gas networks, with 50.6% of sales from the USA and 45.7% from the UK. The company operates extensive transmission and distribution networks, including over 7,000 km of power lines and 300 substations in the UK, alongside significant telecoms and LNG storage activities.
UBS has upgraded its rating for National Grid to 'Buy' with a target price of 1120 pence following the announcement of a new business plan for 2026-2031. Analyst Mark Freshney noted that while the plan aligns with expectations, the operator's ambitious total cost of £35 billion raises concerns.
Germany’s Deutsche Bank is launching Project Dama 2, a Layer 2 protocol aimed at enhancing blockchain efficiency while ensuring compliance with regulatory standards. This initiative, part of the Monetary Authority of Singapore’s Project Guardian, utilizes ZKsync technology to reduce transaction costs and mitigate risks associated with public blockchains by implementing a curated validator list and providing regulators with oversight tools. A minimum viable product is expected in 2025, pending regulatory approval, potentially setting a precedent for integrating blockchain in traditional finance.
Pernod Ricard, the leading global producer of premium spirits and wines, reported net sales with 61.8% from strategic international brands, including Absolut and Jameson. Local brands account for 18.2%, craft spirits 7.3%, and strategic wines 3.6%. The company operates 94 production sites worldwide, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
Pernod Ricard, the leading producer of premium wines and spirits, reports that 61.8% of its sales come from strategic international brands, with Absolut and Jameson being top sellers. The company operates 94 production sites globally, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
UBS has lowered its target price for Pernod Ricard to 118 euros, maintaining a 'Neutral' rating. The company, a leader in premium and prestige spirits and wines, generates net sales primarily from international brands like Absolut and Jameson, with a significant global presence across 94 production sites. Geographically, sales are distributed with 28.3% in Europe, 28.8% in America, and 42.9% in other regions.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, predicts Bitcoin could exceed $200,000 by the end of 2024, driven by demand from ETFs, corporate investments, and potential government acquisitions. He suggests that a US Strategic Bitcoin Reserve could push prices to $500,000, emphasizing the importance of regulatory clarity and political support for sustained growth. Despite his optimism, Hougan acknowledges risks that could hinder Bitcoin's ascent, including the possibility that politicians may not fulfill their promises.
UBS has issued investment recommendations for Manchester United and Juventus, highlighting that long-term profits from football shares are unlikely due to their dependence on unpredictable sporting success. Wealthy individuals often invest in these clubs more for prestige than financial gain, viewing shares as collector's items rather than serious investments.
Crypto whales are strategically positioning themselves in anticipation of a bull run, with JetBolt, Solana, and XRP emerging as key assets. JetBolt's innovative zero-gas technology and social staking have attracted significant attention, while XRP benefits from rising institutional interest and whale accumulation, potentially driving it to new highs. Solana faces challenges ahead of a major token unlock, but investor confidence and technical resilience suggest a possible rebound.
Cristiano Ronaldo and Binance have launched "ForeverSkills," a digital collectibles initiative celebrating seven of Ronaldo's iconic football moves. Fans can participate in the "Proof of Skills" challenge by showcasing their attempts on social media, with top entries winning exclusive collectibles and a chance to attend a masterclass with Ronaldo. The initiative aims to deepen fan engagement by blending digital and physical experiences, offering skill tutorials and promoting active participation in the sport.
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