Core Insights - The UK construction industry is experiencing a significant contraction, with the PMI dropping from 44.1 in October to 39.4 in November, marking the fastest decline since May 2020 and the longest downturn since the global financial crisis [1][11]. Group 1: Industry Performance - The residential construction activity has reached its lowest level since May 2020, while commercial construction activity has seen a sharp decline with a sub-index of 43.8, the steepest drop in five and a half years [3][13]. - The overall construction PMI indicates a substantial shrinkage in industry activity, falling well below the neutral level of 50 [1][11]. Group 2: Factors Influencing Decline - Budget uncertainty prior to the announcement of a £26 billion tax increase in the annual budget has led to a cautious approach among businesses, resulting in delayed investment decisions and project launches [3][13]. - The lack of client confidence and the shortage of new project initiations are major factors dragging down overall activity in the construction sector [5][15]. Group 3: Employment and Market Sentiment - The employment index in the construction sector has dropped to its lowest level since August 2020, with companies citing high wage costs and reduced workloads as contributing factors [5][15]. - Industry optimism has also plummeted to a near three-year low, reflecting a general sense of caution and pessimism among industry participants until the policy environment becomes clearer [5][15]. Group 4: Impact on Related Industries - The rapid contraction in the construction sector is expected to exert downward pressure on equipment demand in the construction machinery industry, particularly affecting the short-term demand for excavators, cranes, and concrete machinery [5][15]. - The construction activity PMI serves as a leading indicator for the machinery market, with sustained low readings suggesting decreased equipment utilization and challenges for new machine sales [7][17]. Group 5: Economic Outlook - Despite a slight increase in the composite PMI for manufacturing and services, the deep decline in construction has slowed overall economic activity, with the composite PMI at 50.1 in November, down from 51.4 in October [7][17]. - The future recovery of the UK construction industry will largely depend on the stability of the macroeconomic policy environment, interest rate trends, and the restoration of business confidence [9][19].

Group 1 - Booz Allen's CFO, Matt Calderone, announced his resignation effective February 1 for another opportunity outside the industry [3] - Kristine Martin Anderson will serve as interim CFO until a permanent replacement is appointed [3] - Calderone has had a long career at Booz Allen, spanning over two decades, with a brief period at Boston Consulting Group from 2007 to 2010 [4] Group 2 - Calderone played a significant role in Booz Allen's financial and strategic transformation, including the development of the "VoLT" growth strategy [6] - He led the corporate development team, overseeing over $1.5 billion in mergers and acquisitions, equity investments, divestitures, and joint ventures [7] - Calderone previously designed and executed Booz Allen's Vision 2020 growth strategy and led a restructuring in 2013 [7] Group 3 - S&P Global appointed Calderone as CFO of its soon-to-be-separated mobility business, effective March 1 [8] - He will report to Bill Eager, president of S&P Global Mobility, as the company prepares for a pivotal transition [8]

Editor's note: Localized data available upon request. Please contact Em Nguyen at [email protected]. "Odometer rollbacks occur when someone alters the mileage stored in a vehicle's electronic systems to make it appear less driven," said Faisal Hasan, Vice President of Data Acquisition at CARFAX. "As modern vehicles have transitioned from mechanical to digital odometers, tampering has unfortunately become more common due to the wider availability of inexpensive tools. At the same time, a car's mileage is now ...

从结构上看，经济走弱的迹象具有一定广泛性。Williamson表示，庞大的服务业新业务流入几乎陷入停 滞，而制造业则出现了一年来首次工厂订单下降。虽然部分制造企业仍在报告产出增加，但在销售放缓 的背景下，这样的生产节奏被认为难以持续，若需求未能在新一年回暖，企业或被迫削减产量。与此同 时，服务业企业反映，12月销售增长为2023年以来最疲弱的月份之一。 通胀压力同样引发关注。调查显示，企业成本上涨速度升至2022年11月以来最高水平，推动销售价格出 现近三年来最显著的涨幅之一。Williamson指出，关税再次被企业普遍视为价格上涨的重要原因，其最 初对制造业的影响正逐步向服务业蔓延，从而加剧整体的"可负担性"问题。 在金融市场层面，疲软的PMI数据公布后，美元指数承压回落，日内一度下跌约0.3%，报97.96。避险 情绪升温推动金价走强，现货黄金升至每盎司4330美元上方，刷新当日高点，显示投资者对美国经济前 景与通胀走势的关注正在升温。 智通财经APP获悉，美国最新公布的标普全球PMI初值显示，12月美国私营部门经济活动仍处于扩张区 间，但扩张动能明显放缓，多项指标降至数月低点，释放出经济增长趋弱的信号。 ...

NEW YORK, Dec. 16, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) announced today that its Board of Directors has approved the addition of Mr. Hubert Joly to the Board, effective January 2, 2026. Mr. Joly is the former Chair and Chief Executive Officer at Best Buy and is now a senior lecturer at Harvard Business School. Earlier in his career, Mr. Joly served as President and CEO of Carlson, a global hospitality and travel company. In addition to his teaching post at Harvard, Mr. Joly is a member of the Board ...

Core Insights - Matt Calderone has been appointed as the Chief Financial Officer (CFO) of the Mobility business at S&P Global, effective March 1, 2026, overseeing the finance function of the standalone company [1][2] - The separation of the Mobility business from S&P Global is expected to be completed within 12 to 18 months, pending legal and regulatory approvals [3] Company Leadership - The executive team for the future standalone Mobility company is being established, with Matt Calderone's experience as a public company CFO being highlighted as critical for the transition [2] - Other executives named in the leadership team include Bill Eager as President and CEO-designate, Larissa Cerqueira as Chief People Officer, Scott Fredericks as President of CARFAX, Joe Lafeir as President of Mobility Business Solutions, Joedy Lenz as Chief Information Officer, and Tasha Matharu as Chief Legal Officer [7] Matt Calderone's Background - Matt Calderone previously served as the CFO of Booz Allen, where he led financial strategy and execution, overseeing various financial functions including strategic finance, investor relations, and M&A transactions totaling over $1.5 billion [4][5] - He has a 22-year career at Booz Allen, contributing to the company's financial and strategic transformation, including the development of growth strategies and leading corporate development efforts [5][6]

Core Viewpoint - S&P Global Inc. shares are currently trading at $502.78, reflecting a 0.35% increase, with a monthly increase of 1.77% but a yearly decline of 0.31, raising questions about potential undervaluation despite current performance [1]. Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for investors, comparing the current share price to the company's earnings per share (EPS), indicating market expectations for future performance [5]. - S&P Global has a P/E ratio of 36.44, which is higher than the Capital Markets industry's aggregate P/E ratio of 24.41, suggesting that S&P Global may outperform its industry but could also be overvalued [6]. - While a higher P/E ratio may indicate strong future performance expectations, it is essential to consider that it could also reflect overvaluation [6]. Group 2: Caution in P/E Interpretation - The P/E ratio should be used cautiously, as a low P/E may indicate undervaluation but could also signal weak growth prospects or financial instability [9]. - Investors should evaluate the P/E ratio alongside other financial metrics, industry trends, and qualitative factors for a comprehensive analysis of a company's financial health [10].

th NEW YORK, Dec. 15, 2025 /PRNewswire/ -- The 26 annual TPM, S&P Global's premier shipping and supply chain conference organized by the Journal of Commerce, will bring together senior decision-makers from across the global logistics ecosystem March 1 – 4 in Long Beach, California. TPM26: Taking Costs Out, Putting Value In underscores the urgent challenge facing shippers as rising tariff burdens drive a renewed focus on cost savings and risk mitigation—without sacrificing resilience or service quality. Acco ...

Core Insights - Dividend aristocrat stocks are essential for investors aiming for stability and long-term wealth creation, as they have consistently increased dividends for at least 25 years, showcasing financial discipline and commitment to shareholders [1][2] Dividend Aristocrats Overview - Dividend aristocrats serve as a hedge against economic uncertainty, providing downside protection and consistent payout increases, making them suitable anchors in diversified portfolios [2] - Five highlighted dividend aristocrats for 2026 include Atmos Energy Corporation, Medtronic plc, PepsiCo, Inc., Caterpillar Inc., and S&P Global Inc., all of which exhibit robust dividend growth and steady returns [3][8] Atmos Energy Corporation (ATO) - ATO has raised its annual dividend for 42 consecutive years, with a current quarterly dividend of $1 per share and an annual dividend yield of 2.38% [3][4] - The new dividend for fiscal 2026 is $4 per share, reflecting a nearly 15% increase from fiscal 2025 [4] Medtronic plc (MDT) - MDT has increased its dividend for 48 consecutive years, with a current quarterly dividend of 71 cents and an annual dividend yield of 2.84% [5][6] - The company is expanding its global presence, particularly in the Cardiovascular business, despite facing near-term supply and tariff-related challenges [6] PepsiCo, Inc. (PEP) - PEP has raised its annualized dividend by 5% in 2025, reaching $5.69 per share, marking its 53rd consecutive annual dividend increase [7][9] - The company plans to return $8.6 billion to shareholders in 2025, including $7.6 billion in dividends and $1 billion in buybacks, with an annual dividend yield of 3.78% [9] Caterpillar Inc. (CAT) - CAT has a long history of dividend payments, having raised dividends for 32 consecutive years, with a recent quarterly dividend hike of 7% to $1.51 per share [10][11] - The company returned approximately $1.1 billion to shareholders in dividends and share repurchases in Q3 2025, with an annual dividend yield of 1.01% [11] S&P Global Inc. (SPGI) - SPGI has increased its dividend annually for over 50 years, with a current quarterly dividend of 96 cents and an annualized dividend of $3.84 per share [12][13] - The company reported a strong adjusted operating profit margin of 52.1% and generated free cash flow of $1.4 billion in the last quarter [14]

Global Credit Outlook 2026 Music Playing, Noise Rising Dec. 3, 2025 This report does not constitute a rating action. Foreword Dear reader, As we step into 2026, the chorus of voices warning of an impending credit downturn is getting louder. And yet, we see a number of factors that pointto a more balanced--dare we say,resilient--picture ahead. This includes resilient economies, extended maturities for issuers, and improved interestrates. This dissonance is understandable given how accelerating structural tre ...