Hints and tips:
Related Special Reports
...Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period....
...Annual sales reached €13.43bn in 2023, up 16 per cent at current exchange rates compared to 2022, while net profit hit €4.31bn, up 28 per cent....
...Profits fell 13 per cent from the same period a year earlier to £1.6bn, after weakness in the bank’s domestic business and its investment bank drove a 4 per cent decline in group revenues to £7bn....
...Revenues from LSEG’s data business rose 4.3 per cent while that from equity market activity rose just 1.6 per cent amid a slow start to the year for listings....
...Consumer prices rose 3.6 per cent year on year in the March quarter, official data showed, down from 4.1 per cent in the previous quarter but higher than the 3.5 per cent forecast by Reuters....
...Its retail unit, which accounts for more than half of the bank’s income, generated €8bn of revenue in the first quarter, up 13 per cent on a year earlier....
...The region-wide Stoxx Europe 600 dropped 0.4 per cent, as did Germany’s Dax, while France’s Cac 40 slipped 0.1 per cent....
...Revenues from the data business, which accounts for the majority of earnings, rose 4.3 per cent. Equity market activity rose just 1.6 per cent....
...Revenue rose 13 per cent year on year to £3bn....
...The benchmark FTSE 100 index rose 1.4 per cent after the news, putting it on track to close at a record high....
...That transaction is worth a maximum of HK$13.91bn (€1.7bn), the company said on Monday, and values the group’s total equity at almost €6bn....
...Other Chinese companies that saw sharp rises included hotpot chain Haidilao, which rose 16.4 per cent, and private property developer Longfor, which added 13.9 per cent....
...It estimated that inflation is running at 7.1 per cent, well above its target of 4-4.5 per cent, and acknowledged that Russia is facing “a prolonged period of tight monetary and credit conditions in the...
...The company’s health science and nutrition business, which accounted for 16.4 per cent of sales in 2023 and includes its baby formula business, had a 3.6 per cent drop in sales volumes following supply problems...
...US GDP: Economists expect the advance estimate for first-quarter US economic growth to be 2.4 per cent, after gross domestic product expanded by 3.4 per cent in the fourth quarter of 2023....
...Meanwhile, credit borrowing increased by £1.6bn in March, up from £1.4bn in February, while businesses raised £10.2bn of finance, the largest amount of net finance raised since May 2020....
...Revenue is expected to have declined 9.5 per cent to $16.2bn in the three months ending March. The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...If the auto business is worth 3 or 4 times the multiple of a Stellantis or Volkswagen, then it would get a forward PE of, say, 20x....
...Treasury yields rose in the morning and accelerated after the retail sales report, climbing 0.13 percentage points to 4.63 per cent on the 10-year bond, a five-month high....
...The biggest declines on an annual basis were 14.4 per cent in Luxembourg, 7.1 per cent in Germany, 4.4 per cent in Finland and 3.6 per cent in France....
...The lender’s common equity tier 1 ratio — a leading benchmark for its balance sheet strength — was 13.4 per cent, 0.3 percentage points lower than at the end of 2023 but well above the bank’s minimum target...
...Benchmark 10-year Treasury yields rose 0.13 percentage points to 4.16 per cent. Two-year Treasury yields rose 0.09 percentage points to 4.46 per cent. Yields rise as prices fall....
...That’s cheaper, but not miles away, from its current multiple of 13.4 times. Such back-of-the envelope maths implies that financial engineering alone won’t cut the mustard....
...Alibaba and JD.com rose 5.4 per cent and 4.8 per cent, respectively. Mainland Chinese utility operator ENN Energy and local lender Hang Seng bank were also among the strongest performers....
...More than 13,000 wealthy families faced surprise tax bills as high as £1.4mn on lifetime gifts, after the donor died within seven years of making the bequest, data has shown....
International Edition