Hints and tips:
...Including debt — £1.37bn of lease liabilities and a tad less net debt (stripping out one-offs) — the offer values Morrisons at 8.6 times this year’s consensus ebitda, according to S&P Global data....
...But it does appear to own some properties, as it reports $43.7m of capital-lease assets, which have the economic equivalent of ownership, on its balance sheet....
...Sales of iPhones jumped 40 per cent to 61.2m units – many of them sold in Greater China, which overtook Europe to become the company’s second-largest market for the first time....
...At 468p, they trade on about 1.6 times the end of 2014’s forecast for net tangible assets....
...While tension in Ukraine had lifted prices, better than expected inflation and retail sales figures in the US have tempered that momentum....
...“We are disappointed by this news, as the sale was significant to AIG’s restructuring,” Cathy Seifert, an analyst at S&P Capital IQ analyst, said in a note to clients....
...Emerging Markets MSCI Emerging Market Index up +0.02% at 1,166 Americas DJIA down -0.10% at 12,570 S&P 500 down -0.13% at 1,338 Bovespa down -1.33% at 63,039 Asia Nikkei 225 up +0.25% at 9,997 Topix up...
...During periods of stability or growth, customer loans, leases, and dealer loans provided by the captives create important additional profits and revenue/profit stabilization, S&P noted....
...S&P estimated that if AIG provided another $1.3bn in financing, ILFC would be “at risk of violating a covenant in its bank credit facilities”....
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