Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
A recent analysis by S&P Global Trucost shows that a portfolio aligned with the UN's Sustainable Development Goals (SDGs) outperformed the S&P 500 over six years, increasing by 136.2% versus the S&P 500's 125.8%. This performance difference of 10.4% indicates that incorporating the Trucost SDG dataset can enhance returns. The CEO, Richard Mattison, noted heightened interest in companies' societal impacts, especially post-pandemic. The study highlights that companies with higher revenue from SDG-related products tend to outperform their peers.
S&P Global Platts has launched first-to-market hydrotreated vegetable oil (HVO) values in Europe as of November 10, 2020, enhancing price transparency amid the industry's shift to lower carbon fuels. The daily assessments, based on used cooking oil costs, average $1,388.5 per metric ton, reflecting a premium over ultra-low sulphur diesel's $332.6. Demand for HVO is expected to rise to over 3 million metric tons by 2030, driven by stringent EU emission targets. This initiative is part of Platts' response to increasing market needs for renewable fuel pricing.
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The S&P Global Platts analysis on the 2020 US Elections highlights potential impacts on the energy sector. A Trump re-election could mean continued deregulation and support for fossil fuels, while a Biden victory may tighten regulations and boost renewables. Economic growth and trade outlooks under Biden could support energy prices, despite risks from potential oil supply increases from Iran and Venezuela. Political polls favor Biden, suggesting a significant shift in policies that could affect both fossil fuel and renewable industries, with implications for energy prices and investment.
On Nov. 2, 2020, S&P Global Ratings released a report titled "Extreme Weather Events: How We Evaluate The Credit Impacts In U.S. Public Finance." The report outlines S&P's methodology for assessing credit ratings in the context of extreme weather events like hurricanes and wildfires. It emphasizes that credit quality before a disaster significantly influences post-event credit stability. The report aims to inform market participants about potential credit impacts, although it clarifies that it does not involve any rating actions.
In Q3 2020, U.S. broadcast station M&A volume surged to $534.7 million, a significant increase from $90.3 million in Q2, attributed to COVID-19 recovery, according to Kagan, part of S&P Global Market Intelligence. The largest transaction was E.W. Scripps Co.'s acquisition of ION Media Holdings Inc. for $338.0 million. Other notable deals included Nexstar’s option for WPIX-DT at $75 million and TEGENA’s $19 million purchase of KMPX-DT. Overall, market activity rebounded strongly, with 63% of the quarter's total coming from the ION deal.
S&P Global Platts has launched the Platts Future Energy Podcast, focusing on energy transition and decarbonization. The inaugural episode features expert insights on the impact of Covid-19 on the energy shift. This move is part of S&P Global Platts' strategic initiative to respond to the growing demand for information on the energy transition. The podcast aims to provide unbiased market insights and analytics to support decision-making in the commodities and energy sectors. Listeners can access it on major platforms like Spotify and Apple Podcasts.
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S&P Global (NYSE: SPGI) has announced its ongoing commitment to environmental transparency by completing its 11th annual disclosure through CDP. Since 2010, S&P has reported its environmental impact, achieving a 31% reduction in greenhouse gas emissions and a 37% decrease in energy use since 2013. The company’s second report on climate-related risks follows the TCFD recommendations, and it is exploring a net-zero carbon emissions target. These initiatives underscore S&P Global's strategy of integrating sustainability across its operations.
S&P Dow Jones Indices reported an increase in U.S. home prices, with the National Composite Index rising 5.7% year-over-year in August 2020, up from 4.8% in July. The 10-City Composite saw a 4.7% increase, while the 20-City Composite rose by 5.2%. Phoenix led the cities with a 9.9% annual gain, followed by Seattle's 8.5% and San Diego's 7.6%. Month-over-month, the National Index increased by 1.1%. Despite challenges in Detroit due to COVID-19 data delays, all other examined cities experienced price growth, indicating a robust housing market recovery.