Hints and tips:
...And under chair Lina Khan, the US Federal Trade Commission brought its first lawsuit targeted at serial acquisitions by private equity firms, targeting Welsh, Carson, Anderson & Stowe over its takeovers...
...David Hollingworth, associate director at L&C, said: “I don’t think we’re out of the woods in terms of the movement in fixed rates at the moment.”...
...Customers buy L’Oréal products in response to the pitch “because you’re worth it”. They need to be: the SkinCeuticals Vitamin C antioxidant serum is hardly a snip at £165 for 30ml....
...DD readers are well acquainted with Hindenburg, Nathan Anderson’s small New York-based firm that has become synonymous with blistering attacks against speculative companies such as Nikola and Lordstown Motors...
...Today it focuses on preserving Miyake’s legacy and developing the design culture for a new generation. miyakeissey.org J is for JW AndersonBritish designer Jonathan Anderson has donated to Akt, an LGBTQ...
...On Thursday, some of that cash was lined up to be put to use in what would be the largest-ever private equity backed acquisition of a listed European company....
...He decorated an apartment in Place Saint-Sulpice in Paris as an homage to the 1924 Marcel L’Herbier film L’Inhumaine, with its sets designed by Robert Mallet-Stevens and Fernand Léger, furniture by Pierre...
...Dude ranches In the Rockies west of Denver, the C Lazy U ranch has been welcoming visitors for a taste of cowboy life since the 1920s....
...A recent acquisition by Béatrice Balcou shows artists’ materials captured in delicate blown-glass tubes....
...After such astonishing crime epics as L.A....
...The RateSetter acquisition, which has been well-received by the market over the past 48 hours, will “cost” c.0.3%. The Income Statement makes for grim reading....
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...Crossword 16,069: Steve Abel, York; Alan Cruse, Stockport; M McQuillan, Edinburgh Polymath 1,005: Mrs SM Fraser, Middlesbrough Crossword 16,057: G Dennis, Stratford-upon-Avon; Joanne Cooper, Fife; Andrew Anderson...
...Management had previously guided to 4-5% for revenue from net new business and has raised this to around 5% to include c.30bp from a small acquisition in Germany (28 railways sites, £10m revenue)....
...I mean, the World Bank is saying that we might need over 3bn b tonnes of new metal to achieve the 2-degree C future. But where's all this copper, cobalt going to come from?...
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
..., Hipgnosis said on Wednesday that 82 per cent of its C-share issue had been used up but that included this acquisition so it’s impossible to back out the final value....
...It is impossible to be precise but we think that in general when companies refer to “materially ahead” they are referring to c.10%....
...Current company-compiled consensus expectations are for revenue decline of c.7% for FY20 and EBITDA decline of c.15% (i.e. revenues of £516m and EBITDA of £115m)....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...for acquisition over the last 12 weeks and a similar number are in the immediate pipeline....
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...Tongcheng Life, an online Chinese platform that facilitates group buying of fresh produce, has raised $200m in Series C funding....
...Increased focus on the home, reversing some L-T adverse trends....
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