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Explainer-Why SpaceX faces a longer wait to join S&P 500
Explainer-Why SpaceX faces a longer wait to join S&P 500 June 5 : SpaceX's entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion. The decision keeps several barriers intact. To join the S&P 500, a company must trade publicly for at least 12 months, be profitable under U.S. accounting standards and hold a free float of at least 10 per cent.
HSBC offers £1,500 to key group of customers
HSBC offers £1,500 to key group of customers The banking giant has made a major announcement HSBC has a new deal that pays customers a whopping £1,500. The bank is offering a £1,500 cashback incentive for first-time buyers alongside reductions to its fixed-rate products. The banking giant has slashed selected residential mortgage rates by up to 0.29 percentage points, with its five-year fixed-rate option for purchasers with a 5% deposit now standing at 5.37%.
DWP replaces three benefits with up to £3,500 lump sum - full list
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Kebab company fined £500,000 for selling meat that 'contained little actual lamb'
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Trump family stiffed investors to make $500 million in crypto deal
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Nursery teachers offered £4,500 bonus to work in deprived areas - see full list
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'Micro' engraving on your £1 coin could make it worth £500 or more
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SpaceX denied fast track to S&P 500 after IPO
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Conservatives took £112,500 donation from David Sullivan after he was jailed for profiting from prostitution
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Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq, will join the broad-market index on June 22 and will sit alongside the 500 leading companies in the U.S., S&P Global said in a press release on Friday. Marvell was last seen up 8.8% in premarket trading and is up 210% year-to-date.