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Associated Press
a day ago
- Business
- Associated Press
Lilly to participate in Goldman Sachs 46th Annual Global Health Care Conference
INDIANAPOLIS, June 2, 2025 /PRNewswire/ -- Eli Lilly and Company (NYSE:LLY) will participate in the Goldman Sachs 46th Annual Global Health Care Conference on June 10, 2025. Lucas Montarce, Lilly executive vice president and chief financial officer, will take part in a fireside chat at 8 a.m., Eastern time. A live audio webcast will be available on the 'Webcasts & Presentations' section of Lilly's investor website at A replay of the presentation will be available on this same website for approximately 90 days. About Lilly Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit and or follow us on Facebook, Instagram, and LinkedIn. F-LLY Trademarks and Trade Names All trademarks or trade names referred to in this press release are the property of the company, or, to the extent trademarks or trade names belonging to other companies are references in this press release, the property of their respective owners. Solely for convenience, the trademarks and trade names in this press release are referred to without the ® and ™ symbols, but such references should not be construed as any indicator that the company or, to the extent applicable, their respective owners will not assert, to the fullest extent under applicable law, the company's or their rights thereto. We do not intend the use or display of other companies' trademarks and trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies. View original content to download multimedia: SOURCE Eli Lilly and Company
Yahoo
2 days ago
- Business
- Yahoo
The FTSE 250 looks to be stuffed full of dividend stocks!
In my opinion, investing in dividend stocks is a great way of creating an additional income stream. But they can also play a part in building wealth. To do this, it's necessary to reinvest any cash received and buy more shares. This is a process known as compounding. And in my opinion, it's an effective way of increasing the value of a portfolio. This is best illustrated by way of an example. Let's assume an investor has £10,000 of shares yielding 3.6%. Each year, this would provide income of £360. Over 30 years, this would generate £10,800 of dividends and, assuming there was no capital growth (or losses), the original £10,000 would remain. Alternatively, if the £360 received in year one was reinvested, in the second year it would grow to £373. Repeat this again and, in year three, the income received would increase to £386. And so on… After 30 years, the investment pot would be £28,893. Okay, the investor has sacrificed income of £10,800. But the end result is much better. Of course, this analysis is a little simplistic. Dividends are never guaranteed and share prices can go up and down. However, it does illustrate the potential of dividend stocks. In my example, I used a yield of 3.6%. This is the same rate currently (30 May) available from the FTSE 250. In fact, the index presently offers a higher return than the FTSE 100, its more famous cousin. Look closer and there are many stocks currently yielding more than the average. According to Dividend Data, there are 17 with a yield above 8%. The average of these is 10.2%. Plug this figure into our example above, and £10,000 would grow to £184,267 over 30 years. Interestingly, 13 of the 17 operate in the energy sector, including oil, gas and renewables. Nine are investment trusts. Falling energy prices have impacted industry share prices and helped push yields higher. One example of this is Harbour Energy (LSE:HBR). Its share price has fallen 30% since the start of 2025 and the stock's currently yielding 10.6%. In January, it was close to 6%. The government's 'windfall tax' means profits made from the North Sea are taxed at 78%. This has prompted the group to announce plans to cut its workforce by a quarter and slash domestic investment. To mitigate the impact, in September 2024, Harbour Energy acquired the assets of Wintershall Dea. The majority of its earnings now come from outside UK waters. But a falling oil price affects all regions. The group's now expecting free cash flow (FCF) in 2025 of $900m. This is $100m lower than its previous guidance. Prudently, it assumes a Brent crude price of $65 and a European gas price of $12/msfc (million standard cubic feet) for the remainder of the year. Both are currently trading around these levels. However, volatile energy prices are a risk associated with investing in the sector. But crucially, FCF of $900m is comfortably more than the $455m the group has pledged to return to shareholders this year. Despite the challenges facing the sector, Harbour Energy's dividend looks secure, for now. On this basis, it could be a FTSE 250 income stock for investors to consider. The post The FTSE 250 looks to be stuffed full of dividend stocks! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Beard has positions in Harbour Energy Plc. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
2 days ago
- Business
- Khaleej Times
Dubai: Can new businessman get Golden Visa immediately after investing Dh2 million in property?
Question: I am a businessman who is planning to move to Dubai. Can I invest in property to get a Golden Visa? What are the rules? And do I become eligible for the long-term visa as soon as I make the investment? Can you help detail the process? Answer: In the UAE, a Golden Visa can be granted to an investor who owns one or more real estate properties having a value of not less than Dh2 million, provided that such real estate property may be owned by the investor, singly or jointly. This is in accordance with Article 8 of the Annex Attached to the Cabinet Resolution No. (65) of 2022 Issuing the Executive Regulations of Federal Law by Decree No. (29) of 2021 Concerning the Foreigners Entry and Residence Regulating Golden Residence Permits: '1. The investor shall own one or more real estate property with a total value of not less than (Dh2,000,000) two million dirhams, and the real estate property is wholly owned by the investor. It may be a loan, on condition that the loan is from one of the local banks determined by the competent local authority; '2. The real estate property investor shall when buying one or more real estate property units off the map with a total value of not less than (Dh2,000,000) two million dirhams, on condition that the purchase is made from local companies approved by the competent local authority; and '3. The investor shall have a comprehensive health insurance for himself and his family members throughout the validity term of the residence permit or in accordance with the terms set by the competent local authority. ' Upon approval from the competent authorities, a 10-year long-term residence permit is issued. This Golden Residence Permit allows eligible foreigners and their families to reside independently in the UAE without a guarantor for work, investment, or business, subject to specified terms and conditions. This is under the Article (1) of the annexure attached to the 'Cabinet Resolution No. 65 of 2022' 'The ICA may – after the approval of the competent authorities, as the case may be – issue a long-term residence permit for a period of ten years. The Golden Residence Permit shall be subject to renewal, for certain categories of foreigners and their families, allowing them to self-reside without the need for the Guarantor/the Host Party inside the State for work, investment, business start-up or stay in the State in accordance with the terms and conditions contained in this resolution.' The procedural steps for obtaining the Golden Visa based on real estate property investment include: Acquisition of qualifying property Registration of ownership and issuance of a title deed by Dubai Land Department Submission of the Golden Visa application through the DLD, the General Directorate of Residency and Foreigners Affairs, or designated smart platforms (e.g., Dubai REST) Completion of supporting formalities, including medical fitness test and Emirates ID registration Issuance of a 10-year residency visa, subject to continued compliance with eligibility requirements. Based on the aforementioned provisions of the law, as a businessman intending to move to Dubai, you may be eligible for the UAE Golden Visa upon investing in real estate property with a minimum investment of Dh2 million, subject to the conditions set by the competent local authority. For detailed guidance and to initiate the application, you may contact the GDRFA or apply through the DLD or any authorised smart platform.
Yahoo
3 days ago
- Business
- Yahoo
Here's how an investor could earn £27 of weekly income for life from a £20k Stocks and Shares ISA
As a long-term investor, the investing horizon of a Stocks and Shares ISA appeals to me. Tucking some money away now will hopefully help me to build wealth over the years and decades to come. But it could also let me earn income along the way, thanks to the dividends that some shares pay. Here is how, if an investor had £20,000 available to invest in an ISA now, they could aim to earn £27 on average in dividends each week for the rest of their life. My own approach to a Stocks and Shares ISA typically involves what is known as compounding. That means reinvesting dividends or gains now, to build a large portfolio and hopefully earn even more down the line. But an alternative is possible. An investor could simply invest their ISA in dividend stocks today and start taking out the passive income as it arrives. That means there is not the opportunity for the dividends to compound, as in my portfolio. But it has the advantage that the ISA could start generating dividends in a matter of weeks. This means the investor need not wait for years or even decades to receive them. An obvious first step is to compare the many Stocks and Shares ISAs that are available on the market and make an informed choice about what one seems most suitable. Not all investors are built the same – and neither are all ISAs. Average weekly dividends of £27 would require a £20,000 Stocks and Shares ISA to yield 7% on average. That is over double the current average yield of the FTSE 100 index of leading companies. But I do think it is achievable in the current market, by spreading the money over a diversified collection of blue-chip shares with proven income generation potential. What is important, though, is not to let the tail wag the dog. No dividend is ever guaranteed to last, so buying a share just because it has a high dividend yield now can be a value trap. Instead, an investor ought to look at the likely source of future dividends, for example by considering how a business's free cash flows look set to evolve over time. As an example of one company I think investors should consider for their Stocks and Shares ISA, FTSE 100 asset manager M&G (LSE: MNG) has a policy of aiming to maintain or grow its dividend per share each year. The current yield is well over 8%. I like the company's strong brand, large customer base, and deep experience in the asset management space. One risk that has consistently concerned me of late about the share is the fact that investors were withdrawing more money from the company's core business than they were putting in. That remains a risk to profits in the long term, in my view. However, the past week saw news of a big tie-up with a large Japanese financial services company. I think that could help M&G grow. Meanwhile, it has proven its business has strong cash generation capability – something that can hopefully keep funding the juicy dividend. The post Here's how an investor could earn £27 of weekly income for life from a £20k Stocks and Shares ISA appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool C Ruane has no position in any of the shares mentioned. The Motley Fool UK has recommended M&g Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Bloomberg
4 days ago
- Business
- Bloomberg
First Abu Dhabi Bank Shareholder Offers $480 Million Stake
A shareholder in First Abu Dhabi Bank PJSC plans to sell a roughly 1% stake in the UAE-based bank, exiting its position in the lender. The undisclosed investor is offering about 113 million shares at a fixed price of 15.50 dirhams apiece, according to terms seen by Bloomberg. The stake would be worth about 1.75 billion dirhams ($480 million) at that price.
