Hints and tips:
...P&G, Fifth Third Bank, and SLB will also report earnings before the bell. India election: The first phase of voting in the country’s six-week election started today....
...Job moves Skadden has hired Brian Paulson as a capital markets partner in its Palo Alto office. He joins from Latham & Watkins....
...Activist investor Barington Capital Group pushed L Brands to sell Victoria’s Secret for the benefit of its other business, Bath & Body Works, but a deal fell through before its closing date in 2020....
...His partnership with Sequoia, rooted in the idea of marrying American money with Chinese entrepreneurs, proved lucrative for nearly two decades....
...The company has also already dropped the bombshell that it is reordering its priorities to pursue a North American battery plant ahead of one in eastern Europe....
...UK communications and advisory firm Nepean has appointed former Teneo chief operating officer Peter Fitch as a partner. Smart reads Loyal to a fault?...
...“But the world is not co-operating with that wish.”...
...“It is not out of the question that by the middle of next year or so you could see efforts to form some kinds of partnership, with a small ‘p’,” the official says....
...Then the P&L looks something like this: AMC is suddenly profitable! The retail investor, by providing the company with cheap capital, has bootstrapped the company back into the black....
...The retailer exceeded revenue estimates, but it was strong net income that surprised investors most: $3.3bn versus a consensus of $1.97bn, according to data from S&P Capital IQ....
...As a result, the entire Goldin team will join Teneo’s capital advisory segment. Law firm K&L Gates hired Patrick Richards as a partner in its IP procurement and portfolio management practice....
...Capital & Counties, the owner of two plots in the capital and none whatsoever in the counties, is down a bit on a gloomy outlook....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...and North American self-insurance provision, will disappoint....
...He said FundRock Holding was “expecting to have a challenge in terms of P&L” when it purchased the UK ACD in 2017....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...These impairments primarily reflect Azurix’s planned disposition of its North American and certain South American service-related businesses; • $180 million associated with the restructuring of Broadband...
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...FY19 results last week also indicated that 2H19 saw a – frankly – VAST uptick in NGP investment through the P&L. BAT invested an incremental £700m+ in NGPs in 2019, of which ~£600m came in 2H19....
...The shares trade on a FY20E EV/EBIT of 11.3x (falling to 9.1x) and a P/E of 9.0x (falling to 5.7x)....
...Food & Beverage Solutions. which is about 45 per cent of T&L’s profit, showed a bit of a slowdown in Asia Pac but the more mature North American and European markets were fine....
...Stress testing balance sheets for GFC falls in EBITDA As we move into recession mode, incoming questions from investors have switched from a focus on the P&L to the balance sheet....
...L, until the final CMA decision, expected on 11 May....
...• 2) On P/E metric, Cyclicals are not at extremes vs Defensives ... Their P/E relative bottomed at 0.7x and 0.8x in the last two downturns, vs 1.0x current....
...That also meant “all of the increase in revenue YoY comes from the client P&L (client losses) and hedging income”....
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