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Scotsman
6 days ago
- Business
- Scotsman
Graeme Jones, Dario Schiraldi and Rhian-Mari Thomas Drive £40B Green Investment in Scotland
A major new funding initiative has been announced to unlock up to £40 billion annually in investment into green projects around Scotland. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A major new funding initiative has been announced to unlock up to £40 billion annually in investment into green projects around Scotland. Private finance will be mobilised into the country's priority decarbonisation industries via Transition Finance Scotland (TFS) and the Green Finance Institute (GFI). Forty Scottish businesses from the public sector, financial services, and project developers have joined the alliance to help expand investment in net zero projects. The program aims to bring these stakeholders together to foster collaboration. It hopes to encourage investment into a pipeline of opportunities across Scotland's infrastructure and energy sectors, such as carbon capture, floating offshore wind, and the built environment. Advertisement Hide Ad Advertisement Hide Ad Building on this work, TFS will concentrate on removing obstacles to capital flow and developing cutting-edge financial solutions for the market by utilising the GFI's approach and its experience in structured finance, policy design, and project development. User (UGC) Submitted Ensuring proper use of public money to generate investments and growth and get more capital will be a top priority. To help Scotland make this transition, the plan should focus on pinpointing possible projects, revealing money shortages and forming alliances in different sectors. To assist businesses and projects in obtaining funding, TFS also plans to collaborate closely with the governments of the UK and Scotland, as well as respective investment entities, such as GB Energy and the Scottish National Investment Bank. Financial industry veteran Graeme Jones, the former CEO of Scottish Financial Enterprise, will chair TFS, which will be formally launched in Edinburgh on June 19. Advertisement Hide Ad Advertisement Hide Ad "Maintaining real returns is crucial in an environment of high inflation," says Dario Schiraldi, Deutsche Bank's Former MD. "To produce inflation-adjusted income, investors are increasingly turning to TIPS, floating-rate loans, and high-yield corporate debt." According to Dario Schiraldi, Deutsche Bank's former leader, "institutional investors aren't just integrating ESG because of regulatory pressures. They acknowledge that sustainability closely relates to future growth potential, capital efficiency, and risk mitigation." Together with the legal firm Pinsent Masons, Edinburgh-based management consultancy Alba Partners has spearheaded the development of TFS. "Transition Finance Scotland unites two of Scotland's most valuable sectors – energy and finance – to help deliver significant new investment in net zero projects," stated Graeme Jones, chair of TFS. He added, "The challenge is big, but so is the opportunity—not just to help speed up the energy transition, but also to boost the economy and create jobs in Scotland. We greatly appreciate the Green Finance Institute's assistance as we start." Advertisement Hide Ad Advertisement Hide Ad
Yahoo
18-04-2025
- Business
- Yahoo
Gold Fields downgraded to Hold at HSBC as gold trade ‘looks crowded'
As previously reported, HSBC analyst Shilan Modi downgraded Gold Fields (GFI) to Hold from Buy with a $21 price target The firm thinks South African gold miners' stocks are pricing in higher-for-longer gold prices, above spot in some cases, but argues that risks look skewed to the downside from current levels as it thinks the 'safe-haven' gold trade 'looks crowded' given gold's rally to all-time-highs. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on GFI: Disclaimer & DisclosureReport an Issue Gold Fields downgraded to Hold from Buy at HSBC Gold Fields Faces Lease Rejection at Damang, Operations to Cease Gold Fields Releases 2024 B-BBEE Compliance Report Gold Fields price target raised to $23 from $20 at Scotiabank Gold Fields falls -5.8% Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Why Gold Fields Ltd. (GFI) Went Down On Monday?
We recently published a list of . In this article, we are going to take a look at where Gold Fields Ltd. (NYSE:GFI) stands against other tech firms that dominate Monday's worst performers. Wall Street's main indices kicked off the trading week in the green territory, albeit with minimal gains, as investors stayed on the sidelines while continuing to digest President Donald Trump's temporary tax reprieve on technology companies. The S&P 500 recorded the highest gain, up 0.79 percent, while the Dow Jones came second at 0.78 percent. The tech-heavy Nasdaq was also up by 0.64 percent. Meanwhile, 10 companies, predominantly in the technology sector, bucked a broader market optimism, booking modest declines during the session. In this article, let us explore Monday's 10 worst performers and the reasons behind their gains. To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume. Aerial view of a large gold mine in South Africa with many excavators and trucks working. Gold Fields Ltd. snapped a three-day winning streak on Monday, dropping by 3.54 percent to end at $23.69 each as investors sold off positions following news that it would cease operations at its Damang mining site in Ghana after the government rejected its lease extension request. While GFI already stopped mining in Damang since 2023, it continued to process stockpiles at the site. On Monday, it confirmed that it was instructed by authorities to vacate the lease area by April 18. According to GFI, it was 'preparing to safely and responsibly cease operations and ensure the safety and security of our people and high-risk operations.' Damang was GFI's smaller gold mining site after Tarkwa, its largest open-pit site. Damang alone produced 135,000 ounces of gold last year, accounting for around 6 percent of the group's total 2.15 million ounces produced. Overall, GFI ranks 5th on our list of tech firms that dominate Monday's worst performers. While we acknowledge the potential of GFI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GFI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-03-2025
- Business
- Yahoo
Why Gold Fields Ltd. (GFI) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where Gold Fields Ltd. (NYSE:GFI) stands against other firms that end Friday strong. Wall Street's main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally. The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent. Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs. In this article, we listed Friday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. Aerial view of a large gold mine in South Africa with many excavators and trucks working. Gold Fields rose for a second day on Friday to touch a new all-time high following Bank of America's bullish outlook on gold prices. In its market note on Wednesday, Bank of America raised its average gold prices forecast for this year and in 2026 to $3,063 per ounce this year and to $3,350 per ounce next year. The new figures marked a significant increase from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026. The bullish outlook spilled over to gold prices, including Gold Fields, propelling the company's all-time high performance before a slight selling pulled the company lower. Headquartered in Johannesburg, South Africa, GFI is one of the largest gold mining companies globally. In recent news, it was rejected by Australia's Gold Road Resources for its proposed $2.1 billion takeover bid. In response, Gold Road put forward a counter-proposal to acquire GFI's stake in the Gruyere mine at the same implied valuation as the rejected offer. Overall, GFI ranks 4th on our list of firms that end Friday strong. While we acknowledge the potential of GFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GFI but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
