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.
Ukraine's Energy Minister, Herman Halushchenko, discussed the impact of Russian attacks on Ukraine's energy infrastructure in an interview with S&P Global Commodities Insights' Carlos Pascual. Over 30% of Ukraine's power generation capacity is reportedly destroyed. Halushchenko highlighted that current Russian gas flows through Ukraine are significantly below contracted levels, emphasizing the strategic use of energy in warfare. Additionally, Ukraine's underground gas storage remains secure, offering potential energy solutions for Europe. The interview sheds light on the ongoing challenges faced by Ukraine's energy sector amidst the conflict.
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S&P Global (SPGI) reported a 37% year-over-year increase in revenue to $2.86 billion but faced a 9% decline compared to pro forma revenue. Diluted EPS fell 44% to $1.84, with operating profit margin dropping 2,210 basis points to 29.8%. Adjusted revenue decreased 8% compared to non-GAAP pro forma figures. The company returned over $11 billion to shareholders via buybacks and dividends and is updating both GAAP and non-GAAP guidance for 2022, projecting a 30% revenue increase.
S&P Dow Jones Indices reported a significant deceleration in U.S. home prices for August 2022. The S&P CoreLogic Case-Shiller National Home Price Index showed a 13.0% annual gain, down from 15.6% in July. All 20 cities tracked experienced lower price increases year-over-year, with Miami leading at 28.6%. Month-over-month, the U.S. National Index dropped -1.1%, marking the largest historical deceleration. Rising interest rates are making housing less affordable, posing challenges for future price growth.
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S&P Global (NYSE: SPGI) released a new research report highlighting the leadership styles of women CEOs, particularly during economic uncertainty. The report, titled Women CEOs: Leadership for a Diverse Future, indicates that women leaders increasingly prioritize diversity, empathy, adaptability, and transformation in their communication. Key findings include a rise in the share of women CEOs to 5.4% in 2022 and a notable shift towards positive communication styles. The study emphasizes the effectiveness of women's leadership approaches in fostering a productive and sustainable workplace culture.
Bank card default rates declined for the third month in a row, according to the S&P/Experian Consumer Credit Default Indices released on October 18, 2022. The composite default rate remained steady at 0.57%, while the bank card default rate fell three basis points to 2.38%. Default rates for auto loans and first mortgages remained unchanged at 0.72% and 0.42%, respectively. Miami saw the largest decline among major cities, dropping 17 basis points to 0.99%. Other cities also experienced reductions, indicating a positive trend in consumer credit stability.
CPower, a leader in unlocking the value of Distributed Energy Resources (DERs), has been recognized as a finalist in the Grid Edge category for the 24th Annual S&P Global Platts Global Energy Awards. Following the acquisition of Centrica Business Solutions' U.S. demand response business, CPower now manages 6.3 GW of capacity. The company rewarded over 2,400 organizations with more than $230 million last year for their energy contributions. The winners will be announced on December 8 in New York City.
Novata, a leading ESG data management platform for private markets, has received the Network 20/20 Global Innovators Award for Governance and Institutions. This recognition highlights Novata’s commitment to sustainable capitalism through technology. Backed by key organizations including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), the platform aids in ESG metric selection, data collection, and investment analysis. The award, accepted by Lorraine Spradley-Wilson, acknowledges Novata's collaboration with industry experts to address ESG challenges. The company aims to simplify ESG data management for private markets.
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