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.
S&P Dow Jones Indices announced updates to its market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 4, 2023. The new criteria include:
- Minimum market cap for S&P 500 lowered from US$ 14.6 billion to US$ 12.7 billion.
- S&P MidCap 400 minimum raised from US$ 3.7 billion to US$ 4.6 billion.
- S&P SmallCap 600 minimum adjusted from US$ 850 million to US$ 750 million.
The Float Adjusted Liquidity Ratio (FALR) requirement decreases from 1.0 to 0.75, aiming to reflect improved liquidity in market additions.
S&P Dow Jones Indices reported a net dividend increase of $14.6 billion in Q4 2022, down from $17.7 billion in Q3 2022 and $18.0 billion in Q4 2021. Overall for 2022, total increases reached $82.5 billion, while decreases surged to $14.3 billion, marking a 63.0% increase from 2021. The anticipated dividend growth for 2023 suggests continued strong payouts despite economic uncertainties. Notably, S&P 500 cash dividends achieved record levels, rising 10.8% year-over-year.
S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for October 2022, revealing a decline in U.S. home price gains. The U.S. National Home Price Index increased by 9.2% year-over-year, down from 10.7% in September. The 10-City Composite rose 8.0%, and the 20-City Composite showed an 8.6% increase. Month-over-month, the indices fell by 0.5% (U.S. National), 0.7% (10-City), and 0.8% (20-City). Miami, Tampa, and Charlotte had the highest year-over-year increases. Economic conditions, including rising interest rates, may continue to pressure home prices.
The 41st annual CERAWeek by S&P Global will take place from March 6-10, 2023, in Houston, focusing on energy, climate, and security. Chaired by Daniel Yergin, the event will address challenges in the energy transition amid global volatility, emphasizing the need for secure, affordable, and sustainable energy solutions. Key themes include balancing energy security and affordability, geopolitics, and financing the energy future. The Innovation Agora will showcase cutting-edge technology in the energy sector. Notable speakers include leaders from various energy companies and governmental organizations.
S&P Global Mobility forecasts global light vehicle sales to reach 83.6 million units in 2023, reflecting a 5.6% increase year-over-year. Despite this growth, the outlook remains cautious due to factors like high interest rates, supply chain issues, and economic pressures leading to demand destruction. U.S. sales are predicted to rise to 14.8 million units, while Europe faces a mixed recovery with 13.9 million units forecasted. The semiconductor shortage and logistical challenges persist, delaying full production recovery until 2025.
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S&P Dow Jones Indices reported preliminary Q3 2022 buybacks for the S&P 500 at $210.8 billion, down 4.0% from $219.6 billion in Q2 2022 and 10.1% from $234.6 billion in Q3 2021. 319 companies executed buybacks, a decrease from 331 in Q2 2022. Financials rose 8.5% from Q2, but were 62.8% lower than Q3 2021. Energy saw a significant increase of 64.5% from Q2. Q3 dividends declined 0.2% to $140.3 billion, while total returns fell 2.5% to $351.2 billion.
Odometer fraud is increasing, with CARFAX reporting over 1.9 million vehicles on the road having their odometers rolled back, marking a 7% rise from last year. Consumers could lose an average of $4,000 when unknowingly purchasing a car with a manipulated odometer. Public Relations Director Emilie Voss emphasized that digital odometers do not eliminate this issue, as fraudsters exploit the current used car market for quick profits. CARFAX provides a free tool to check for odometer fraud and offers protective tips, accessible at www.carfax.com/odo.
Novata has appointed Meredith Binder as Chief Marketing Officer and Beth Meyer as Chief Legal Officer, strengthening its leadership team in the ESG data management sector. Binder previously led marketing at S&P Global (NYSE: SPGI), while Meyer comes from Techstars, focusing on ESG compliance. Both executives are set to enhance Novata's mission to advance sustainable capital practices. Supported by major organizations like the Ford Foundation and Hamilton Lane (NASDAQ: HLNE), Novata aims to solidify its position in providing essential ESG insights for private market stakeholders.
According to S&P Global Commodity Insights, high natural gas prices and energy security concerns are making methane capture projects economically viable. The analysis indicates that over 70% of lost methane can be captured, equating to 80 bcm of new gas supply, including 40 bcm that could meet France's annual demand within 2-3 years. This effort could reduce greenhouse gas emissions by over 750 Mt CO2e, supporting both energy security and climate goals. Key barriers to implementation were identified alongside pathways to facilitate new projects.