Hints and tips:
...Last month, Kingfisher, the UK-based home improvement retailer with brands including B&Q, said pre-tax profits would be lower than expected; Ferguson, the UK-based plumbing equipment supplier which moved...
...Kingfisher, the home improvement retailer that owns brands including B&Q, said last month that pre-tax profits would be lower than expected, while Ferguson, the UK-based plumbing equipment supplier, recently...
...Dario “inventor of the moron risk premium” Perkins at TS Lombard maintains this has always been silly....
...The distribution will be via a “B” share scheme where shareholders will receive one “B” share for every ordinary share, which will then be redeemed at £1 each....
...B&Q, for example, plans to make all its bagged compost peat-free from 2023. Travis Perkins has already done so for its bulk-bought products....
...However, compared with market leader B&Q it has a smaller product range focused on year-round essentials rather than rotating seasonal offers such as garden furniture or Christmas decorations....
...This month, supermarket groups — including Tesco, Wm Morrison, J Sainsbury, Aldi and Asda — have between them repaid billions of pounds to the Treasury while Kingfisher, owner of B&Q and Screwfix, said it...
...The B&Q owner reported half-year adjusted pre-tax profit up 61.6 per cent to £669m on sales up 19.9 per cent to £7.1bn....
...After his own success in building the computer hardware and chip group Sun Microsystems in the 1980s, followed by 18 years at VC firm Kleiner Perkins, he became one of the earliest backers of the first wave...
...Neither Boohoo nor Asos, which have picked up Debenhams and Arcadia brands including Topshop, Topman and Dorothy Perkins, have opted to take on the leases for the shops....
...The variant, first identified in South Africa and now the dominant strain in the country, is proving much more difficult to counter than B.1.1.7, the form that first emerged in the UK....
...Travis Perkins and Grafton are upgraded to “buy” and “add” at Peel Hunt as part of a sector review....
...In September, Kingfisher — Homebase’s bigger and more international rival and owner of B&Q and Screwfix — reported a 23 per cent increase in first-half profitability....
...We prefer LafargeHolcim, CRH and Kingspan, while we remain cautious on Heidelberg and Travis Perkins....
...Also out today are updates from Moneysupermarket, discounter B&M Retail, builders' merchant Travis Perkins, estate agent Foxtons, ad agency M&C Saatchi and results from hobby group Games Workshop....
...These include Marks and Spencer, New Look, John Lewis, Sports Direct and the Arcadia stable, which includes Topshop, Burton, Dorothy Perkins and Wallis....
...On Monday, Kingfisher, the parent of B&Q, Screwfix, Castorama and Brico Dépôt, said online sales had grown significantly....
...Most housebuilders have already closed their sites, along with home builders’ merchants, including Jewson, Selco, B&Q and Travis Perkins....
...AOB: ThoughtMachine, a banking technology provider, has raised $83m in a Series B funding round, reports FinExtra....
...We currently model WFH to represent 10% of half of B&I going forward (B&I c40% of revenue) and our estimates sit c10% below consensus in FY21 onwards....
...Miles also has the B-Z on billionaire investments from Bezos to Zuckerberg in this FT Wealth special report. 5....
...NMC Health, travel companies Tui and easyJet, as well as B&Q owner Kingfisher are at risk of demotion from the index....
...The plant’s holey leaves adorn everything from bath mats at Asos, wallpaper from B&Q, water bottles at Topshop and dresses at Dorothy Perkins, while the plants themselves are available from specialist online...
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Wage and productivity trends are intimately related, with global evidence (gathered by our Global Macro MD, Dario Perkins) that periods of overheating can generate higher productivity growth....
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