Hints and tips:
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...• Funds flow to equities relative to bonds has never held up this well (given performance and low bullish sentiment) because: i) bonds risk no longer diversifying, and ii) pension/insurance companies’...
...The company has cut A&P spending, deferred some capex and is tightly managing working capital. ......
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Shot: NMC Health plc (“NMC” or the “Company”) notes the recent media speculation and confirms that it has received highly preliminary approaches from Kohlberg Kravis Roberts & Co. L.P....
...Restructuring plans involve reducing mid-term production capacity....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...Today’s 20x P/E is appropriate if EPS growth is accelerating, we think,but not if it’s decelerating,and the +40% valuation premium to other cyclical chemical companies is now close to peak....
...L, until the final CMA decision, expected on 11 May....
...S&P Global Sector: FINANCIALS / HQ: NEW YORK, US Key stat: Investment-grade companies have issued more than $1tn of debt this year, a record....
...The US shale war II could see US crude production peaking in May and not crossing the 13mb/d mark ever again (even by 2025). The call on OPEC could rise by 3mb/d by 2025....
...FY19 results last week also indicated that 2H19 saw a – frankly – VAST uptick in NGP investment through the P&L. BAT invested an incremental £700m+ in NGPs in 2019, of which ~£600m came in 2H19....
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
...repayment holidays to certain afflicted companies; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...To put it in terms that the readers of the FT would appreciate, we must nationalise salaries and the P&L of almost all of our companies. And that is what we have done....
...(ii) such a property wealth tax would lead to inefficiency in investment behaviour....
...“V-” or “U-shaped”....
...But whilst the theory propagated the idea that we would soon reach peak production despite ongoing demand growth, causing an inevitable energy crisis, it seems instead to have predicted our journey towards...
...A judge in Regina v....
...The Edam Acquisition consortium, comprising Goldman Sachs Capital Partners, Mediacinco Cartera SL, Cyrte Fund II B.V. and VI, L.P., acquired control of 99.7% of Endemol Investment Holding BV from Telefonica...
...This could cost L&G £1.5bn at Prudential £2bn, he said....
...(c) to establish a National Economic Council, composed of representatives of the Parties and of the following sectors: (i) Manufacturing (ii) Agriculture (iii) Mining (iv) Tourism (v) Commerce (vi)...
...So that is why Paris has now taken a direct stake in Aker Yards France – the former historic shipyards of the Chantiers de l’Atlantique, which built the Normandy and the Queen Mary II transatlantic liners...
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