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...“We’ve seen a number of financial institutional investors who put a lot of money into music rights and didn’t make returns because a) they didn’t know the business particularly well and b) they overpaid....
...Ratcliffe’’s proposal values United at $33 a share. The A shares closed at less than $20 each on Friday....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Ideally, the FPC would include un-conflicted individuals with practical financial markets knowledge and experience....
...F&F was the UK’s seventh-largest fashion retailer during Tarry’s tenure, he said....
...His response: I think the financial result would be very close to the same . . . if you want to join something that may have a tiny expectation of better [performance] than the S&P, I think we may be about...
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...If you have any exposure to the S&P 500, then the S&P 500, the biggest index on the planet, is dominated by these names. Claer Barrett Even global indices. Katie Martin Even the global indices....
...And finally To the Young Vic theatre for Kimber Lee’s untitled f*ck m*ss s**gon play, a blazingly satirical drama about the prejudice and casual stereotyping that so many British east Asian and south-east...
...Other familiar and very heavily shorted names include Tencent Music, Beyond Meat, iRobot and B Riley Financial. Paris-listed Atos, with 26 per cent short interest, is most shorted outside the US....
...Ticker symbols have taken on an outsized importance in the exchange traded fund world, where pursuit of the kind of name recognition enjoyed by funds such as SPY, the SPDR S&P 500 ETF, has become the holy...
...Digging through the data of S&P Global offers surprising findings. Sub-Saharan African sovereigns rated in the B category between 2010 and 2023 defaulted in 22 per cent of all cases within five years....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...S&P puts the group’s risk-adjusted capital ratio at about 12 per cent, less than most banks core capital....
...For example: “In my view, [public markets aren’t] differentiating enough between office Reits that hold B-tier assets and office Reits that hold A-tier assets.”...
...“They don’t trust our management in terms of financial discipline or investment policy,” he said about S&P....
...You can get a deal done for a double-B senior loan at a 300-350bp spread all day long. That market’s wide open....
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...Chart of the day The S&P 500 rose 3.1 per cent in July after closing up 0.2 per cent yesterday at 4,588.96....
...Of the 447 universities with a credit rating from S&P Global Ratings, more than a third are rated triple B plus or below....
...Paxos Trust Co.’s issuance of U.S. dollar-backed stablecoins has been under the supervision of the New York State Department of Financial Services (NYDFS) since 2018....
...Also, S&P Global November PMI data for manufacturing and services UK: GfK Consumer Confidence Survey US: S&P Global November PMI data for manufacturing and services....
...Here’s what else I’m keeping tabs on today: Economic data: S&P Global will release its flash manufacturing and services purchasing managers’ indices for September....
...Robert F Stambaugh is the Miller Anderson & Sherrerd professor of finance at the Wharton School of the University of Pennsylvania. Lucian A Taylor is the John B Neff professor in finance at Wharton....
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