Hints and tips:
Related Special Reports
...That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at. Spain’s largest IPO in years is so far looking good. andrew.whiffin@ft.com...
...It is also important that some interest in their art is already established. “It’s mostly people who already know the artists that buy [during Art Month]....
...interest rates weighed on asset values and, therefore, fees....
...Àlex Ollé’s new staging provides little of inherent interest and, as a result, few distractions from the music....
...Another short-selling aspect that often gets forgotten is how higher interest rates also help L/S hedge fund returns by increasing their cash returns....
...It had sales of €130mn in 2023 and earnings before interest, taxes, depreciation and amortisation of €30mn — valuing the company at a multiple of 11 to 12 times ebitda....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...L&G declined to comment....
...EU Economic Bulletin: The European Central Bank releases its snapshot of economic and monetary information upon which the institution bases its decisions on interest rates....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...Paris-based luxury group Kering in June purchased perfumer Creed for €3.5bn or about 23 times earnings before interest, tax, depreciation and amortisation, according to people with knowledge of the terms...
...Higher interest rates should help Wilson’s successor António Simões via bulk annuities. L&G sells these to defined benefit pension schemes, capping their risks....
...Abby L Watson President, Groundwire Strategies Norristown, PA, US...
...Rising interest rates have lifted the funding levels of pension funds across the country and put many more in a position where they can do a deal with an insurer....
...However, industry figures say that as the OFR has still not been implemented, interest in the UK market from newer issuers is dissipating, with only the most determined prepared to spend the time and money...
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Having started life as a joint venture between Nestlé and L’Oréal, Galderma was acquired by a consortium led by Swedish private equity group EQT in a $10bn deal in 2019....
...Puig is small compared with sector-leading peers L’Oréal and Estée Lauder, but has grown rapidly through acquisitions in the past decade, striking 11 deals in the past 12 years....
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...Since 2010, Levett has also owned local restaurant L’Amandier de Mougins, where the Salon Picasso commemorates the Spanish artist who spent the final years of his life in Notre-Dame-de-Vie, his villa outside...
International Edition