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.
S&P Global Market Intelligence has launched S&P Global RiskGauge Reports, a new credit analytics tool providing detailed credit risk insights for over 50 million public and private companies. This offering focuses on small and medium enterprises (SMEs), crucial for economic recovery post-COVID-19. The reports include innovative datasets and improved scores, like the RiskGauge Score, and tools such as PaySense for assessing trade payment behavior. This initiative aims to bridge data gaps, supporting informed decision-making for clients globally.
S&P Global Platts released a research paper titled Yields vs. sulphur: What is driving crude benchmarks in 2020?, which evaluates the global crude oil benchmarks amidst high market volatility caused by COVID-19. The study emphasizes the importance of robust benchmarks like Dubai and Oman, detailing their adaptability in changing market conditions. It highlights how Murban crude has benefited refiners in Asia despite price controls in China. The report suggests a shift in market focus from sulfur content to yield as essential for benchmark relevance.
In Q2 2020, U.S. broadcast station M&A volume reached $90.9 million, marking the sector's lowest quarterly activity since 1983. The deal market faced a significant downturn due to the COVID-19 crisis, with the largest deal, valued at $49 million, occurring on April 3. Notably, transactions diminished in quantity, with only a handful exceeding $1 million. The radio market reported minimal activity, with expectations of increased exits among small station owners amid ongoing challenges. A recovery in larger transactions is anticipated post-November 2020 elections.
S&P Global (NYSE: SPGI) announced it will release its second quarter 2020 financial results on July 28, 2020, at approximately 7:15 a.m. EDT. President and CEO Douglas L. Peterson, along with CFO Ewout Steenbergen, will host a conference call at 8:30 a.m. EDT on the same day to discuss the results. Investors can access the release and the call via the company's Investor Relations website. Additional information and archived material will be available for one year post-call.
Hydro, a global aluminum company, has achieved a remarkable feat at the S&P Global Platts Global Metals Awards, winning Metals Company of the Year, Aluminum Industry Leadership, and Breakthrough Solution of the Year. The awards recognize Hydro's sustainability efforts and effective recovery from a cyber-attack in 2019. Celebrated during a virtual event, winners were drawn from 96 finalists across 23 countries. Martin Fraenkel, president of S&P Global Platts, commended Hydro's contributions to the metals industry's resilience amid market changes.
S&P Global Platts announced the launch of new price assessments for recycled polyethylene terephthalate (R-PET) in Southeast Asia as of June 30, 2020. This launch aims to address the growing demand for transparency in the recycled plastics market, reflecting a quality specification of recycled PET flakes. The assessments will support market participants by providing independent pricing insights, which are crucial for informed trading decisions. This move complements existing assessments in Europe and the US, highlighting the increasing market activity in the region amidst rising environmental concerns.
MySky has entered a strategic partnership with S&P Global Platts to enhance its AI-powered spend management platform for the private aviation industry. This agreement allows MySky clients access to S&P Global Platts' jet fuel price assessments, improving their benchmarking tools for fuel costs. MySky reported a 60% growth in Q1 2020, reflecting heightened demand for financial management tools amidst economic uncertainty. The partnership aims to promote transparency and support smarter financial decision-making for stakeholders, bolstering MySky's position in the market.
S&P Dow Jones Indices reported preliminary Q1 2020 S&P 500 buybacks at $198.7 billion, a 9.4% increase from Q4 2019 but down 3.4% from Q1 2019. Cumulatively, S&P 500 companies spent $721.6 billion in buybacks over the past 12 months, a 12.3% decline from the previous year. Dividends reached a record $127.0 billion for Q1 2020, up 8.2% from Q1 2019. Despite a strong start, COVID-19 is expected to impact future buyback strategies, as companies prioritize liquidity and cautious spending.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a regular quarterly cash dividend of $0.67 per share, payable on September 10, 2020, to shareholders on record as of August 26, 2020. This brings the annualized dividend rate to $2.68 per share. Notably, S&P Global has maintained dividend payments annually since 1937 and has increased its dividend for at least the past 47 years, signifying strong financial health and commitment to shareholder returns.
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