Hints and tips:
...Hopefully now Iger can take Disney back to its roots: sticky, crowded theme parks and training children to annoy parents until they buy high-margin merch....
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
...The research park’s own website says Alder is “a research laboratory focused on mycelium”....
...The brand has restored forests and national parks in Italy, commissioned public art and helped launch a social cooperative to improve the prospects of young people. fondazionezegna.org...
...On Sundays I danced alongside drumming sessions at Meridian Hill Park — a former army encampment locally known as Malcolm X Park, after the rally in support of black rights the year after the 1968 assassination...
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...and beauty brand The Honest Company and UK ecommerce group THG have all listed in the past 18 months, and all are trading at least 50 per cent below their listing prices, despite a steady rise in the S&P...
...Late on Thursday, S&P Global Ratings downgraded Evergrande for the second time in weeks to triple C minus, deeper into speculative grade, and said that the developer’s liquidity position was “eroding more...
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...The blue-chip US S&P 500 has soared by almost a fifth this year, reaching a new all-time peak this week....
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...The only way forward, in my opinion, is to start dining alfresco in the parks, gardens and hills of this green and pleasant land....
...But the overall combined ratio for the P&C business — claims and expenses as a proportion of income — came in at 95.2 per cent, a 1.3 percentage point year-on-year improvement....
...It’s also one of the only places to still enjoy p’tcha (jellied calves’ feet), but interested parties should call in advance to confirm availability....
...S&P Global, one of the big three rating agencies, considers triple C issuers to be “vulnerable”, and dependent on “favourable” conditions to keep paying their debts....
...Peter Shaw, who owns medical equipment supplier C&P Medical, said he had been relying on a shipment of safety needles now caught in Calais to build up essential government-mandated medical stockpiles ahead...
...The S&P 500 pharmaceuticals, biotech and life sciences index has outperformed the broader S&P 500 index this year, while the Nasdaq biotech index has done the same....
...By comparison RBC posted net income of C$3.5bn on revenue of C$12.8bn in its first quarter, which ended on January 31....
...In the news Sanders endorses Biden Bernie Sanders endorsed Joe Biden for US president, giving the presumptive Democratic nominee a quick backing that could help heal factional divisions....
...We incorporate an M&A valuation into our price target, but with the shares rallying c.50% since Q3, we remain Neutral....
...Bernie Sanders, the Democratic socialist Vermont senator, agreed. “This is outrageous”, he wrote on Twitter, citing the FT article....
...The raise does also have the backing of its two largest shareholder APG (c.20%) and Lighthouse Capital (c.14%)....
...Overall the measure should save c. EUR15bn-20bn of ET1 or c. 20-30bp on average for the banks we cover. We continue to believe that the sector has c. EUR300bn of excess capital above SREP and c....
...In 2024/25, we model £1.3bn p/a in group FCF. At c.14% FCF yield in 2023, and >17% in 2024/25, we continue to see attractive upside to equity in the medium term....
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