Latest news with #WSPGlobal
Yahoo
2 days ago
- Business
- Yahoo
TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime
Written by Amy Legate-Wolfe at The Motley Fool Canada Building wealth doesn't have to be complicated. With a Tax-Free Savings Account (TFSA), Canadians can grow their money over time without worrying about taxes on gains or income. But the key is picking the right stocks, ones you can hold for decades. The best TFSA stocks aren't necessarily the most exciting. They're the ones that quietly deliver strong returns, pay dividends, and stay resilient in all kinds of markets. Three great examples today are CCL Industries (TSX:CCL.B), Manulife (TSX:MFC), and WSP Global (TSX:WSP). CCL is one of the world's largest producers of labels and packaging. While that might not sound thrilling, it's a business built for stability. CCL has over 200 production facilities around the world, serving clients in healthcare, food, consumer goods, and tech. In its most recent earnings report, CCL reported revenue of $1.9 billion, up 8.6% from the year before. Earnings per share (EPS) hit $1.18, and free cash flow swung back to positive after a brief dip last year. This shows CCL isn't just growing, it's generating real cash that can support future expansion and dividends. The dividend stock currently pays a dividend yield of 1.6%, and it has a history of raising that payout over time. Then there's Manulife, one of Canada's largest insurance and wealth management companies. It operates in Canada, the U.S., and across Asia, giving it a strong global footprint. In its most recent quarter, Manulife reported $1.8 billion in core earnings, a steady result despite some market headwinds. Core earnings per share rose to $0.99 from $0.91 the year before. Net income dropped, mainly due to changes in investment values, but the core business remained strong. Its Canadian division saw solid insurance growth and lower expenses, while Asia showed promise as demand for wealth products improved. Manulife's dividend yield sits around 4.2%, and it has a long track record of rewarding shareholders. Finally, WSP Global is a lesser-known gem that delivers engineering and infrastructure consulting services around the world. Whether it's public transit systems, bridges, or green buildings, WSP is helping design the world's future. In its latest quarter, WSP saw revenue climb 22.4% to $4.4 billion, with net earnings of $144 million or $1.10 per share. That's up from $126 million last year. The dividend stock also reported a backlog of $16.6 billion, meaning it has years of projects already lined up. WSP's dividend is modest at just 0.55%, but it has room to grow thanks to strong earnings and demand. What makes all three of these stocks ideal for a TFSA is their mix of income, growth, and staying power. None of them are highly speculative. Each one operates in industries that are essential, whether it's consumer packaging, financial services, or infrastructure development. Each also generates healthy free cash flow, which supports dividend payouts and long-term investments in the business. Investors could invest $5,000 across all three today and collect quarterly dividends, with the potential for steady capital growth. And because these dividend stocks are diversified in what they do and where they operate, you get some built-in protection from market swings. In fact, $5,000 across each would bring in annual dividends of $316.60! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL CCL.B $78.11 64 $1.28 $81.92 Quarterly $4,999.04 MFC $42.18 118 $1.76 $207.68 Quarterly $4,977.24 WSP $272.26 18 $1.50 $27 Quarterly $4,900.68 A TFSA is one of the best tools Canadians have to build long-term wealth. The sooner you start filling it with solid, income-generating stocks like CCL, Manulife, and WSP, the more time you will give your investments to grow tax-free. You don't need to check the market every day. Just buy quality businesses, sit back, and let compounding do the rest. The post TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends CCL Industries and WSP Global. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Stocks in play: WSP Global Inc.
Announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc for 430 pence per share. This Acquisition underscores WSP's commitment to expanding its footprint in high-growth sectors worldwide. WSP Global Inc. shares are trading unchanged at $271.88.
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Montreal's WSP strikes deal to buy Britain's Ricardo for $670-million
Canadian engineering giant WSP Global Inc. WSP-T has struck a deal to buy British transport and energy consulting firm Ricardo PLC as it steams ahead with a growth strategy that shows no signs of slowing. WSP is offering to pay 430 pence per share in a deal worth 363.1-million pounds including debt (about $670-million at current exchange rates), the Montreal-based company said in a statement Wednesday. That's a takeover multiple of 10.4 times earnings before interest, taxes, depreciation and amortization in 2024 for Ricardo's continuing operations, WSP said. WSP said it has won support for the deal from all of Ricardo directors as well as major shareholders representing about 48 per cent of Ricardo's issued share capital. It will pay for the takeover with a new 230 pound ($425-million) loan facility arranged by Royal Bank of Canada as well as cash on hand and existing credit. The acquisition is only the latest in a wave of deals by the WSP as chief executive Alexandre L'Heureux reshapes what was once a boutique engineering business into a company with a global reputation and multipronged capability. Its market capitalization now stands at about $36-billion. The industry is consolidating as projects become larger and more complex while design companies – which include engineering and architecture outfits and planners – navigate technological change, the CEO has said. That could present more opportunities, he said. Ricardo, which employs about 2,700 people, has been shifting its business in recent years toward a focus on environment and energy services such air quality and water management in addition to rail and mass transit. It also has another business unit in automotive and industrial services that will likely be sold, WSP said. 'We are constructive on the proposed transaction at first blush as it is set to accelerate WSP's expansion in targeted high-growth areas,' Raymond James analyst Frederic Bastien said. Ricardo also comes at a reasonable price and appears to match up well with WSP's existing operations, he said. WSP, perhaps best known for its transportation projects and super-skinny skyscrapers, last year won the largest contract in its history. It will provide its expertise for Britain's Great Grid Upgrade, the biggest overhaul of the electricity network in England and Wales in decades.
Daily Mail
11-06-2025
- Business
- Daily Mail
Ricardo joins City exodus as Canada's WSP agrees £363m takeover
British consultancy group Ricardo is being acquired by Canadian rival WSP Global for around £363.1million, including debt. The deal announced on Tuesday marks the latest foreign takeover blow to the London Stock Exchange, whose companies are increasingly vulnerable to opportunistic bids. It came on a busy day for takeover talk in London with NHS landlord Assura accepting a 'best and last' takeover bid worth £1.7billion, while tech firms Craneware and GlobalData called time on negotiations with respective suitors. Shareholders in Ricardo, which provides strategic, environmental and engineering consultancy to the transport and energy sectors, will receive 430p in cash per share, representing a 28.4 per cent premium to its closing price on 10 June. WSP, which was listed in London until being acquired by Genivar in 20212, said it had secured support from shareholders for the deal. This including letters of intent from Gresham House, Aberforth Partners and Royal London Asset Management, which cover around 48 per cent of Ricardo's share capital. Ricardo had been under pressure from rival and investor Science Group, who had been pushing for a sale or breakup of Ricardo amid calls to oust Chairman Mark Clare and other directors, citing underperformance and structural inefficiencies. Ricardo shares rose 24.96 per cent or 83.63p to 418.63p on Wednesday, having fallen around 14 per cent in the last year. Mark Clare, chair of Ricardo, said: 'WSP has made a compelling offer which represents a highly attractive premium to recent average trading levels and provides certain value in cash today for Ricardo shareholders. 'Importantly, the Ricardo Directors believe that the Acquisition will provide enhanced career opportunities for Ricardo's employees within the WSP Group as well as access for our clients to a broader service offering.' Separately, Science Group, Ricardo's second-largest investor with a 21.76 per cent stake according to LSEG data, said on Wednesday it would sell a 20 per cent stake to WSP for around £53.5million. Investment director at AJ Bell Russ Mould calculates a £53.5million profit on the sake. He said: 'Not bad for a business that's only worth £234million. 'Science Group had rattled the cage and got in a public spat with Ricardo, accusing it of poor operating performance and ineffective governance. Its profitable campaign now puts Science Group on the radar as an activist investor to watch closely.' Mould added: 'Canadian rival Genivar bought WSP in 2012 as a way of getting a strong foothold in the UK market and subsequently adopted its name. It has continued to grow in size and Ricardo looks to be an ideal fit for the group. Earlier this week, London-listed Alphawave confirmed it had reached an agreement with American chipmaker Qualcomm in a cash and shares deal that valued the company at around £1.8billion. That deal announcement was quickly followed by quantum computing business Oxford Ionics, which signed a deal to be taken over by New York-listed rival IonQ. Spectris also saw its shares surge this week after the firm revealed it had received a £3.7billion takeover offer from US private equity company Advent. Spectris said it was minded to accept the proposal.
CTV News
11-06-2025
- Business
- CTV News
WSP Global signs deal to buy engineering consulting firm Ricardo
The WSP Global Inc. logo is seen in Toronto on Sunday, Sept. 1, 2024. THE CANADIAN PRESS/Sean Vokey MONTREAL — WSP Global Inc. says it has signed a deal to buy Ricardo plc in an agreement that values the engineering consulting firm at about $670 million. Headquartered in the United Kingdom, Ricardo operates in over 20 countries. Under the deal, WSP says it will pay 430 pence per Ricardo share. Ricardo's business is organized under two main portfolios with one group including its air quality, water management, energy resilience, policy strategy, and advisory services and rail and mass transit business segments. The other group includes its automotive and industrial (A&I) and performance products (PP) business segments. WSP says it plans to continue an ongoing strategic review of the A&I and PP businesses and that while it says no firm decisions have been made, it says the review is likely to result in a sale of the operations. This report by The Canadian Press was first published June 11, 2025.
