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. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.
Viridi Parente, a developer of innovative lithium-ion technology, has been nominated as a finalist for the Commercial Technology of the Year at the 23rd annual S&P Global Platts Global Energy Awards. Their Green Machine technology offers a renewable mobile energy solution for construction and industrial applications, outperforming fossil fuel options in performance metrics. This recognition highlights the significance of Viridi's technology in emissions reduction and commercial success. The winners will be announced at a gala in New York City on December 9, 2021.
S&P Global (NYSE: SPGI) has released a pioneering research report titled "Glass Floors and Ceilings: Why Closing the Median Wage Gap Isn't Fair". This report examines the gender wage gap over 15 years, highlighting that women in executive roles often receive compensation clustered around the median, which can hinder pay equity. Key findings include a steady rise in women’s median pay ratio contrasted by a decline in mean pay, and evidence of Gender-Based Compensation Management in firms with governance issues. The report aims to prompt companies to adopt a broader perspective in addressing pay equity.
S&P Global (NYSE: SPGI) reported Q3 2021 revenue of $2,087 million, a 13% increase year-over-year, with net income up 75% to $797 million. Diluted EPS rose 75% to $3.30, driven by strong revenue growth and adjustments linked to merger-related costs. Operating profit margin reached 51.9%. The merger with IHS Markit is progressing, with expected completion in Q1 2022. The company anticipates low double-digit revenue growth in 2021, with GAAP EPS guidance now between $12.50 and $12.65. Free cash flow is projected at $3.6 billion to $3.7 billion.
ZincFive has been recognized as a finalist for the S&P Global Platts Global Energy Awards for its BC Series Battery Cabinets for the second consecutive year. Competing for the title of Commercial Technology of the Year, the BC Series utilizes nickel-zinc batteries to deliver sustainable uninterruptible power solutions in critical applications. The award selection stems from over 300 nominees highlighting innovation and performance. Winners will be announced on December 9, 2021, in New York City.
S&P Global Platts announced the launch of two new daily methanol bunker fuel price assessments for Singapore and Houston, effective October 25, 2021. These assessments aim to reflect the value of methanol as a marine fuel, expanding upon existing offerings that include a previous assessment for Rotterdam. The initiative responds to a growing demand for cleaner marine fuels in the shipping sector and provides transparency for market participants. Daily assessments will include costs related to spot methanol and delivery, as well as comparisons with other marine fuels.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced a conditional Phase 1 approval for their $44 billion merger from the European Commission. This merger aims to enhance innovation and provide broader insights for customers. To address regulatory concerns, S&P Global will divest CUSIP Global Services and certain related businesses, while IHS Markit plans to divest its Oil Price Information Services and explore other divestitures. The merger is expected to close in Q1 2022, pending global regulatory approvals.
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