Hints and tips:
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...Some can establish discretionary loss-absorbing buffers before accounting P&L is calculated (eg NBB and DNB)....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...But inflation is not the only economic storm cloud on the horizon: luxury firms may soon find themselves contending with recession too....
...Powell says BlackRock is seeing a “broadening client type and broadening time horizon, with the vast majority of flows into [BlackRock’s] iShares thematic ETFs driven by professional investors buying in”...
...The S&P 500 was down just 0.1 per cent for the week....
...From top to bottom, from CEO compensation to divisional budgeting and P&L to managerial targets, structures and incentives, we’ve built private firms from the ground up to do one thing really well: extract...
...“Europe is a good opportunity now,” says Gavin Launder, manager of the European fund at L&G, the investment group. “Governments are now quite keen to promote tech-savvy companies....
...Teibert liked Gauby’s biodynamic wines so much that, in 2005, he set up Domaine de l’Horizon in the same village, Calce....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...through the P&L....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...The P&L complexity is just one reason public market investors have failed to warm to the large alternative asset managers whose stock prices have not exactly soared since their listings....
...The P&G deal, which gave Coty brands such as Cover Girl make-up, Gucci fragrances and Clairol hair dye, helped catapult the company from the world’s seventh-largest cosmetics group to the third, behind L...
...The value of JAB’s 39 per cent stake in Coty has fallen by 60 per cent to $2.5bn since the P&G deal closed in October 2016 — a notable decline even given JAB’s decades-long investment horizons....
...Within this, department store operators Nordstrom and Macy’s both added more than 1 per cent while Gap was up 0.6 per cent and Victoria’s Secret owner L Brands advanced 0.9 per cent....
...For instance, US consumer companies have been a regular investment area for activists who have invested in Mondelez, Pepsi, P&G and ConAgra....
...Another, the PowerShares S&P SmallCap Low Volatility ETF, has nearly half of its assets in financials....
...“I am in control of my own P and L,” points out Prof Kesner. “I am in charge of my own business.”...
...If companies are doing innovation and interested in new tools then bioprinting should very much be on their horizon,” said Ms Lurie-Luke....
...‘’We are warning clients about the risks, particularly in bonds where there has been a lot of volatility, says John Roe, head of multi-asset funds at L&G Investment Management....
...The attributable loss was £446m, a £1.6bn year-on-year decline, compared with a £1.6bn operating profit before nasties higher up the P&L. The bank is set for a £2.8bn 2015 loss....
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