Hints and tips:
...“As far as I know, The Henderson seems to only accept tenants of top-notch quality,” says Ricky Tsang, director of corporate ratings at S&P....
...Hopefully now Iger can take Disney back to its roots: sticky, crowded theme parks and training children to annoy parents until they buy high-margin merch....
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
...The brand has restored forests and national parks in Italy, commissioned public art and helped launch a social cooperative to improve the prospects of young people. fondazionezegna.org...
...The research park’s own website says Alder is “a research laboratory focused on mycelium”....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...and beauty brand The Honest Company and UK ecommerce group THG have all listed in the past 18 months, and all are trading at least 50 per cent below their listing prices, despite a steady rise in the S&P...
...Late on Thursday, S&P Global Ratings downgraded Evergrande for the second time in weeks to triple C minus, deeper into speculative grade, and said that the developer’s liquidity position was “eroding more...
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...But the overall combined ratio for the P&C business — claims and expenses as a proportion of income — came in at 95.2 per cent, a 1.3 percentage point year-on-year improvement....
...S&P Global, one of the big three rating agencies, considers triple C issuers to be “vulnerable”, and dependent on “favourable” conditions to keep paying their debts....
...It’s also one of the only places to still enjoy p’tcha (jellied calves’ feet), but interested parties should call in advance to confirm availability....
...Peter Shaw, who owns medical equipment supplier C&P Medical, said he had been relying on a shipment of safety needles now caught in Calais to build up essential government-mandated medical stockpiles ahead...
...By comparison RBC posted net income of C$3.5bn on revenue of C$12.8bn in its first quarter, which ended on January 31....
...We incorporate an M&A valuation into our price target, but with the shares rallying c.50% since Q3, we remain Neutral....
...The raise does also have the backing of its two largest shareholder APG (c.20%) and Lighthouse Capital (c.14%)....
...Overall the measure should save c. EUR15bn-20bn of ET1 or c. 20-30bp on average for the banks we cover. We continue to believe that the sector has c. EUR300bn of excess capital above SREP and c....
...In 2024/25, we model £1.3bn p/a in group FCF. At c.14% FCF yield in 2023, and >17% in 2024/25, we continue to see attractive upside to equity in the medium term....
...HMSO’s equity is now trading at an 88% p/book spot discount, based on our estimates indicative of a potentially highly dilutive capital raise following the failed closure of the GBP395m retail park portfolio...
...for its retail parks....
...They see advantages for well-located, open-air retail parks....
...We believe risk is pronounced despite trading on 2.3x CY21 P/E. We downgrade to Underperform with c.18% downside. Morgan Sindall (Buy; PT 1,550p)....
...BL’s retail parks now more fairly priced?...
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