Hints and tips:
...Epstein joined the board of Black’s family foundation in 1997; he is said to have resigned a decade later, although documents filed with the Internal Revenue Service continued to name him as a trustee for...
...As always, reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to share your feedback on today’s newsletter. Happy reading!...
...Revenues from various digital services have a growth rate of faster than 30 per cent, above the emerging world average and nearly triple the developed world average — a welcome boost in a time of slowing...
...But now they have to service that debt when essentially that debt number keeps climbing and that becomes a real concern for companies that don’t kick off enough revenues and margin to be able to pay down...
...A few incumbents have tried internal initiatives, but there’s nothing standalone in between. How do you differentiate yourself from traditional private banks?...
...According to an internal UPS survey, 95 per cent of consumers shopped earlier than usual for the Christmas holiday....
...The internal message for brokers on the use of AI is “get used to it”, Williams said....
...More loans were allegedly given by Cox & Kings to V Hotels, a struggling beachfront property bought by Peter and Urrshila’s father, Ajit, in 2001....
...already derives 54 per cent of its revenue from the wider tech sector, analysts liked what they heard....
...as financing continues to be tighter for smaller E&Ps....
...were based on a “v-shaped” scenario of a sharp shock followed by a rapid recovery....
...We think 2Q20 revenues mark the trough, with particularly weak revenues in Equities and Asset Management. We expect revenues to recover from here....
...Weighing in at ~7,000 words and with 84 references, G4S’s Wiki “controversies surrounding . . .” rap sheet is longer than the ones for the Legion of Christ and Grand Theft Auto V, though not quite as long...
...Similarly Alfa Laval has relatively broad exposure with associated service revenues....
...Polo Tang of UBS remains a seller: [V]isibility on the bigger picture issues remains limited....
...Assuming 80% of branches defer for 6 months, we estimate this could equate to c7% of revenue or a 9% impact on EPS. This is of course a deferral plan, so technically there is no lost revenue....
...This did nothing to hurt the franchise or title of course because GTA V has gone on to sell 100m copies and produce over $6B of revenue....
...WPP will also reduce is planned capex from £400m to v£300m....
...At 100% success, it adds ~$4/share; we mostly assume revenues associated with future stockpiling. Sometimes from our investor conversations, GILD internal R&D gets less credit than it probably should....
...Forward sales totalling £13bn, or 45 per cent of 2020 revenue, should also provide a buffer....
...PS: For those of you who are members of the London Due Diligence Forum, tonight’s special guest is none other than Sotheby’s chairman Domenico De Sole....
...People close to Saikawa said he did not know about the internal investigation into Ghosn until early October....
...“To operate on the scale that Barclays does with our institutional clients you need to be a full-service investment bank,” he says....
...In 2016, he won attention for his criticism of the Obama administration in a case involving claims that the Internal Revenue Service treated conservative groups unfairly....
...As part of the moves, it appointed new regional heads for its corporate-client services business....
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