Hints and tips:
...If your child has a Frozen II Nerf gun they used once and never again, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...But that’s one to consider: that actually, there is risk associated with moving people, goods and services around the world. Michela TinderaI’m curious on this, Ethan....
...Someone, please email some good news: robert.armstrong@ft.com and ethan.wu@ft.com. The pain will stop when growth weakens The last two weeks have been ugly....
...Meanwhile, I spoke to Pleo, which provides smart company cards and has secured a $4.7bn valuation after a $200m extension to their series C round. As always you can reach me at sid.v@ft.com....
...We are going to try and bring back this sense of public service, of conservative small C prudent Republicanism. They're not doing so well. I mean, they're really not....
...Following the recent correction, we see an attractive opportunity to gain exposure to the long-term growth trends in Emerging Markets through ASHM and to lock in a well-supported 4.8% DPS yield. ......
...We also put the DPS back on forecasts, DPS 37.4p, prior 0p....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...final special DPS (£1bn together dividend), together representing c50bps of CT1; StanChart announced a 20c final DPS, representing c20bps of CT1 ($0.6bn dividend); Barclays announced a 6p final DPS (£1bn...
...FCF was particularly strong, partly due to a c.35% cut in capex in H1....
...P&C outperformed into the corrections in the past 8 years....
...We estimate Whitbread's annual rates bill is c.£120m, equivalent to c.35% of FY20e PBT (Feb YE). Mitchells & Butlers' rates bill is also around c.£100m, c.50% of FY19 PBT (Sep YE)....
...The fact that the rise in the gold price has been hardly driven by speculation at all argues against any excessive correction....
...Securitas has no covenants while we see c.0.5x headroom to G4S’ covenant at Dec. Securitas could restart its DPS and M&A in 2020. Earnings valuations are at lows vs. the market....
...Helpful, then, that Halfords is the market leader in bicycle sales (c.25% market share) and PACs (c.15%)....
...‘OilCo’ to ‘NewCo’ - Fiscal frame: i) Cash return (DPS/buyback upside) and shareholder value....
..., particularly hygiene disinfection services....
...WPP will also reduce is planned capex from £400m to v£300m....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...UK recovery will be slower than peers: (a) larger service sector: (b) weakness of business investment: (c) lack of clear social distance messaging....
...'Believe' has gone on to become one of the most iconic songs of all time and now has over 1 billion plays on global streaming services....
...The US boasted Wernher von Braun, the German ex-Nazi inventor of the V-2 rocket, a trophy from the second world war. Both were scarred by conflict and driven by a passion for space....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College My guess is he will be too timorous to do the right thing....
...One way to picture the economic impact of a Brexit may be the shape of a letter ‘V’ or a ‘tick’....
...I think we see services growth in Q3....
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