{
}
A significant number of bank branches, including 254 from Lloyds, Halifax, and Bank of Scotland, are set to close in 2025 and 2026, prompting concerns over access to banking services. To mitigate this, alternatives such as Post Office branches, mobile banking services, and new super ATMs are being introduced, alongside the establishment of banking hubs that offer routine transactions and consultations with bank staff.
London's FTSE 100 rose 0.2% to 8,782.89, with HSBC gaining ahead of its annual results. In contrast, BT Group fell sharply after Citi downgraded its rating to 'sell,' citing concerns over Openreach's revenue decline and the sustainability of BT Consumer's pricing. InterContinental Hotels also saw a decline despite reporting increased profits and a share buyback announcement.
Donald Trump plans to impose 25% tariffs on goods from Mexico and Canada, and an additional 10% on Chinese imports, starting on his first day in office. He cites immigration and drug trafficking as justifications, warning that these tariffs will remain until the issues are addressed. Experts predict that this protectionist approach may lead to higher prices for consumers and potential retaliatory tariffs from affected countries.
The Employees" Provident Fund Organisation (EPFO) reported a 9.33% increase in net member additions, totaling 18.81 lakh in September 2024, compared to the same month last year. New enrollments reached approximately 9.47 lakh, marking a 6.22% rise from September 2023. This growth is attributed to enhanced employment opportunities and increased awareness of employee benefits.
UBS joint ventures have invested approximately CHF 1 billion in two Chinese companies under US sanctions, including Aviation Industry Corporation of China Xi"an and Hikvision. The bank holds 49% and 20% stakes in these firms, which are linked to the Chinese government and have been on the sanctions list since 2021. UBS asserts that these transactions comply with legal regulations.
UBS is reportedly linked to Chinese military companies under U.S. sanctions, investing around $1 billion in fighter jet manufacturer Avic Xi"an and surveillance supplier Hikvision through joint ventures. Despite selling shares after the sanctions were imposed, UBS"s joint ventures have made significant purchases, raising concerns about potential U.S. retaliation. The bank maintains that its investments comply with U.S. laws, asserting that trading of these securities is permissible outside the U.S. as long as U.S. persons are not involved.
Benchmark indices Nifty and Sensex experienced their largest surge in two months on November 19, with the Sensex rising by 833.06 points to reach 78,172.07 and the Nifty climbing 240.70 points to 23,694.50. This broad-based buying, particularly in auto and realty stocks, added Rs 5 lakh crore to investor wealth, following a seven-session decline. However, experts caution that this rebound may not indicate a full recovery, advising investors to wait for clearer market signals before making moves.
India"s pharmaceutical market reached a significant milestone, with domestic sales hitting Rs 2.25 lakh crore in the year ending September 2024. Despite a moderation in growth rates, the market expanded by 8% in the September 2024 quarter, totaling Rs 60,000 crore, compared to Rs 38,200 crore in the pre-pandemic December 2019 quarter.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
Children"s Place (NASDAQ: PLCE) has seen its price target lowered by UBS Group from $18.00 to $17.00, maintaining a "neutral" rating, while StockNews.com downgraded it from "hold" to "sell." Currently, the stock holds a consensus rating of "Hold" with an average price target of $11.00. Despite a recent earnings report showing a $0.30 EPS, the company faces significant challenges, including a negative return on equity and a market cap of $195.76 million.
d
Companies
D / nyse
Dominion Energy
Content of tab #2
Dominion Energy
Virginia-based Dominion Energy, Inc. is a power and energy company, which provides electricity and natural gas to homes, businesses, and wholesale customers. It operates through the following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other.
Sector
utilities
Industry
Regulated Utilities
CEO
Robert M. Blue
Employees
17700
Website
Address
120 Tredegar Street, Richmond, VA, 23219, US
MachinaScore
9
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
60.45$ (12.8% Upside)
60.45$ (12.8% Upside)
Blogger Sentiment
Bullish
D Sentiment 89%
Hedge Fund Trend
Very Positive
By 1.82M Shares Last Quarter.
Insider Transactions
Very Positive
Worth 0 over the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days
-0.01%
Last 30 Days -0.02%
Last 30 Days -0.02%
News Sentiment
Neutral
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.03
Trailing 12-Months
Fundamentals
Return on Equity
16.03
Trailing 12-Months
Asset Growth
-5.78
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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01:40 26.11.2024
epfo reports 9.33 percent increase in member additions for september
14:38 20.11.2024
ubs joint ventures invest in sanctioned chinese companies amid controversy
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16:38 19.11.2024
Sensex and Nifty rebound sharply as investor wealth increases significantly
10:28 19.11.2024
India"s pharmaceutical market achieves record sales despite slowing growth rates
04:33 19.11.2024
government considers lifting ban on futures trading for oil and pulses
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04:30 19.11.2024
children"s place stock faces downgrades and mixed analyst ratings
19:42 18.11.2024
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