Finance
UK finance ministry to make statement to parliament on Thursday – ITV
LONDON, Could 25 (Reuters) – Britain’s finance ministry is because of make an announcement to parliament on Thursday, ITV reported citing parliamentary whips who prepare enterprise within the debating chamber.
Inflation surged final month to its highest annual fee since 1982, piling stress on the federal government to do extra to assist these struggling to pay rising meals, gas and vitality payments. learn extra
British media retailers have reported a brand new package deal of measures could possibly be introduced as quickly as Thursday.
Register now for FREE limitless entry to Reuters.com
“Parliamentary whips saying they now have affirmation of a Treasury assertion tomorrow,” Anushka Asthana, ITV’s Deputy political Editor, mentioned on Twitter.
“This may not be an Emergency Funds – it will likely be an announcement to set out measures.”
The Treasury didn’t instantly touch upon the report when contacted by Reuters.
The opposition Labour Social gathering have known as on the federal government to introduce a windfall tax on oil and gasoline corporations, one thing ministers have mentioned they don’t need to do however won’t rule out if these companies don’t make investments their income in boosting capability.
Earlier, Prime Minister Boris Johnson once more pledged motion to assist sort out the price of dwelling disaster, with out giving specifics on what his authorities was going to do. learn extra
“We will see pressures on family funds. So what I am saying to individuals is that we are going to proceed to reply,” Johnson mentioned at a information convention.
Register now for FREE limitless entry to Reuters.com
Reporting by William James and Kylie MacLellan; enhancing by Michael Holden and Frank Jack Daniel
Our Requirements: The Thomson Reuters Belief Ideas.
Finance
Everton: Premier League club offered loan to complete new stadium
777 Partners agreed to buy current owner Farhad Moshiri’s 94% stake in September, but there is increasing question marks over the takeover following concerning developments around the Miami-based firm.
On Tuesday, Moshiri extended the sales and purchase agreement until the end of this month, giving 777 more time to try to complete the deal.
One of the conditions imposed by the Premier League for 777 to be given the green light is to fund about £100m for the completion of the club’s new stadium.
Costs for the project have spiralled from an initial £500m to more than £800m, which was disclosed in Premier League documents relating to the club’s appeal over their 10-point deduction for breaching financial rules.
GDA Luma describes itself as providing “capital solutions” to companies facing “complex financial and operational challenges”.
Earlier this month, 777 held discussions with the firm to see whether debt financing could be offered.
Finance
Aadhar Housing Finance share price jumps 8% after flat debut. Buy, sell or hold?
Aadhar Housing Finance, a unique retail-oriented home finance company, stands out with its specialization in low-income housing. Today, its shares had a flat listing on the Indian exchanges. Aadhar Housing Finance shares were listed on BSE at ₹314.30 per share mark while the stock listed on NSE at ₹315 apiece, which was almost at par with the upper price band of ₹315 per equity share of the Aadhar Housing Finance IPO. However, the newly listed stock witnessed strong buying post-listing and touched intraday high of ₹341.95 apiece on BSE and NSE. Stock market experts believe that the newly listed stock is a good portfolio stock, and positional investors can hold the stock for the long term.
Aadhar Housing Finance share price outlook
Discussing the listing of Aadhar Housing Finance shares, Prashanth Tapse, Senior VP — Research at Mehta Equities, expressed, “Despite the subdued market conditions, Aadhar Housing Finance’s listing was slightly below street expectations. The company’s focus on the rapidly growing low-income housing segment, which is projected to be the fastest sub-segment within the housing finance industry, has garnered a decent subscription demand. With its reasonable valuations, it presents a promising long-term investment opportunity for conservative investors.”
Also Read: TBO Tek share price dips after bumper debut. Should you buy in this correction?
With a positive outlook for the affordable low-income housing segment, driven by government initiatives such as housing for all and infrastructure status for affordable housing, Aadhar Housing Finance is well-positioned for growth. Its reasonably priced ask valuations compared to industry peers, growing Gross AUM and Net Worth, stable average ticket size of loans, and increasing penetration into tier 4 and tier 5 towns all indicate sound financial health and potential for further expansion. Given the long-term optimistic sector outlook, we recommend allotting investors to “HOLD” for a long-term perspective,” a Mehta Equities expert said.
Reiterating the company’s specialization in low-income housing, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, stated, “Aadhar Home Finance Ltd. is a retail-oriented home finance company that excels in serving the low-income housing market. It caters to economically weaker consumers with middle-to-low incomes who require small-ticket mortgage loans. Offering a range of mortgage-related loan products, such as loans for acquiring and constructing commercial real estate, home remodelling and extension loans, and loans for purchasing and constructing residential real estate, the company is well-positioned for future growth. We advise investors to consider this potential and hold their investments for medium to long-term rewards.”
“On the financial front, Aadhar Housing Finance reported the second-highest return on equity in FY23 at 15.9%. As we advance, we expect operational performance to improve, led by the dominant low-income housing segment, low cost of borrowing, and higher return ratio among peers. We thus advise investors who have received allotment to hold shares from a medium to long-term perspective,” said Shreyansh Shah, Research Analyst at StoxBox.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates.
More
Less
Published: 15 May 2024, 11:53 AM IST
Finance
Long-Time Finance Prof Named Interim Dean At Stanford GSB
The dean’s office at Stanford Graduate School of Business is moving from economics to finance. As Jonathan Levin, an econ prof and GSB dean since 2016, prepares to move up to the university presidency in August, the B-school has named an interim successor: long-time finance professor Peter Demarzo.
Demarzo, Stanford’s John G. McDonald professor of finance who has taught at the B-school altogether for more than a quarter century, assumes the deanship August 1 and will keep it until a permanent successor to Levin is named.
“Peter will provide important continuity for the school during this transition, and we are grateful to him for being willing to accept this responsibility,” Stanford Provost Jenny Martinez says in a news release.
DEMARZO TEACHES CORPORATE FINANCE & FINANCIAL MODELING
Demarzo earned his Ph.D. and a master’s in operations research from Stanford in the 1980s. He taught at the school for two years in the 1990s, then returned for good in 2000. He teaches MBA and Ph.D. courses in corporate finance and financial modeling; he also founded and serves as faculty co-director of the Stanford LEAD Online Business Program.
Before joining Stanford, Demarzo was on the faculty of UC-Berkeley’s Haas School of Business and Northwestern’s Kellogg Graduate School of Management; he was also a national fellow at the Hoover Institution.
Demarzo’s research is in the areas of corporate finance, asset securitization, financial contracting, and regulation. According to his online bio, “He is co-author of Corporate Finance and Fundamentals of Corporate Finance” and “has served as president of the Western Finance Association and the American Finance Association. He is a fellow of the Econometric Society and the American Finance Association, and a research associate of the National Bureau of Economic Research.”
LEVIN LOOKS ‘TO STANFORD’S FUTURE’
Stanford on April 4 announced that Levin, dean of its business school since 2016, will become president of the university on Aug. 1.
Named Dean of the Year by Poets&Quants in 2022 for his success in bringing stability to a school that had been wracked by scandal, Levin’s more important achievements include putting Stanford in the lead of all business schools on diversity and inclusion, making the GSB the first major institution to publish an annual report on its diversity progress.
“As I look to Stanford’s future, I’m excited to strengthen our commitment to academic excellence and freedom; to foster the principles of openness, curiosity, and mutual respect; and to lead our faculty and students as they advance knowledge and seek to contribute in meaningful ways to the world,” the 51-year-old Levin said in a statement in April.
DON’T MISS STANFORD NAMES BUSINESS SCHOOL DEAN JONATHAN LEVIN ITS PRESIDENT and A DAY IN THE LIFE OF A STANFORD MBA STUDENT
-
Politics1 week ago
House Dems seeking re-election seemingly reverse course, call on Biden to 'bring order to the southern border'
-
Politics1 week ago
Fetterman says anti-Israel campus protests ‘working against peace' in Middle East, not putting hostages first
-
News1 week ago
US man diagnosed with brain damage after allegedly being pushed into lake
-
World1 week ago
Gaza ceasefire talks at crucial stage as Hamas delegation leaves Cairo
-
World1 week ago
Stand-in Jose Raul Mulino wins Panama presidential race
-
World1 week ago
Tech compliance reports, Newsletter
-
News1 week ago
Compass Direct LLC’s 2024 Registration in North Carolina
-
News1 week ago
Columbia University cancels its main commencement ceremony after weeks of turmoil