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...Kingfisher, owner of the B&Q, Screwfix and Castorama DIY chains, has warned that profits will fall again this year, after a 25 per cent drop in the year to January....
...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)....
...Garnier, who has been spearheading a turnaround of the company, said the group had identified around a third of its Castorama stores as the lowest-performing as part of a push to right-size and modernise...
...His most recent collection, 2021’s Mutiny, is similarly preoccupied with rebellion and riot, with borders and the reasons they’re maintained, with the legacy of colonialism and communities torn apart by...
...“The best way to get from plan A that’s not working to a plan B that might work is to formulate hypotheses, test them with real data, and let the data speak.”...
...Apparently it will pay tribute to the history of R&B, which is promising: Usher is a formidable song-and-dance man. He has also hinted at a tribute to his hometown Atlanta’s strip clubs....
...The lower gardens feature a Doric temple, obelisk and a pond with a fountain....
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...The blue-chip S&P 500 dropped 0.9 per cent on Friday, capping its longest losing streak since October 2022. It fell for the third week in a row, losing 3.1 per cent across five sessions....
...No mention of the B-word, then....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
...As a result, equity markets are already more jittery — not a positive for oil. Since 2000 oil prices have rarely continued rising when the S&P 500 has a sustained decline....
...It was essentially a new-sheriff-in-town Western retooled as a pumped-up B-movie — in this case, B for brawn, booze and breasts. It has now been remade in a more sophisticated variant....
...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....
...The Danish singer-songwriter has the softest of voices, a murmurous tone that holds centre stage without exerting itself. The style is R&B, a genre famous for vocal ornament....
...“Significant budgetary consolidation has placed Greece’s fiscal trajectory on to a firmly improving track,” said S&P’s analysts, who attributed a “stable” outlook to the country....
...In a Monday update, the rating agency moved Ford up to triple-B minus from double-B plus....
...BondBloxx has rolled out three ETFs that offer exposure to triple B rated corporate bonds....
...The benchmark S&P 500 fell 0.2 per cent on Thursday afternoon, notching five straight daily losses for the first time since October....
...S&P said it originally expected the war would not last “more than six months” as it downgraded Israel’s sovereign credit rating from double A minus to A plus....
...The S&P 500 notched its first gain of the week, recovering from a back-to-back decline, as traders took in new data that indicated a softening US economy....
...The S&P 500 declined on Thursday, headed for its fifth straight loss since October....
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