Hints and tips:
...The $73bn global female underwear market has been a little more resilient during the pandemic than fashion generally: sales are expected to contract 13 per cent this year compared with a 16 per cent fall...
...The three now own 12 of 13 the exchanges. “Everything old in the US exchange industry is new again,” says Spencer Mindlin, an analyst at Aite Group....
...Obviously those numbers don't match, but the July 13 loan was for $6.8m.)...
...Thursday’s corporate calendar includes Marks and Spencer, Tesco, Asos, Booker, AO World, Barratt Developments, Premier Oil, Hays and Jupiter....
...Interdealer brokers have tended to trade on forward multiples of about 13 times. Equally, it needed the money being eaten up by regulatory capital....
...Phil Spencer: In a slight change from last year’s format, in this new series we are helping banks find their dream homes....
...Last month, I bought some 13.5 per cent 2025 contingent convertible bonds in Yorkshire Building Society, at a yield of 11.5 per cent....
...Supergroup lost 3.8 per cent to £13.61. Goldman Sachs cut earnings forecasts by 13 per cent to reflect new tax guidance....
...However, sales of chilled ready meals, of which Marks and Spencer is a significant customer for Premier, had weakened as the recession worsened....
...Marks and Spencer extended a week-long rally, up 3 per cent to 260¼p, as the UK rate cut spurred Bernstein Research to upgrade its rating to “outperform”....
...Marks and Spencer’s shares were the biggest losers on the FTSE on Tuesday after a higher-than-expected bill for store refurbishment took the sheen off a strong profit performance two years into Stuart Rose...
...Brandes, the US value investor, capitalised on the rally by placing 1.9 per cent of its M&S stake in the market at 500p a share, gaining £160m as it whittled down its holding to 13.5 per cent....
...This summer, JJB told shareholders that underlying sales were down 13 per cent and analysts were expecting pre-tax profits of between £16m and £21m, against £28m last year, at the half-way stage....
...In the wider market, the FTSE 100 fell 13.7 points, or 0.2 per cent, to 5,517.4 amid weakness in heavyweight oil stocks....
...Marks and Spencer gained 1.1 per cent to 445¾p, boosted by a note from UBS, which added 25p to the retailer’s price target, now 475p....
...However, buyers have begun to emerge over the last few weeks, with the stock rising over 12 per cent in the last 13 trading days....
...The FTSE 100 slid 13.3 points, 0.2 per cent, to 5,416.4. The FTSE 250 finished all but flat, down just 0.4 points at 7,929.8. Volume was a solid 3.3bn shares....
...Ports and ferry operator P&O slipped 0.5 per cent to 324p after Citigroup placed 13.2m shares are 321p....
...Both Next and Marks & Spencer also forecast there would be little upturn in the sector before November....
...However, Marks and Spencer, up 0.3 per cent at 360¼p, seemed to miss the boat, thanks to negative comments from Credit Suisse First Boston, which cut is target on the stock from 380p to 350p....
...ICI was the biggest gainer in the FTSE 100 over the week, rising 13.1 per cent....
...Petrel Resources, the Middle East-focused oil explorer, climbed 13.9 per cent to 53p as it signed an agreement with the Jordanian government....
International Edition