Hints and tips:
...Lawyers arrived in groups, trading gossip in hushed murmurs, occasionally breaking into laughter....
...I expect a further 100 bps over the year....
...It seems more ahead of the curve than its counterparty on the other side of the Atlantic....
...Time for a recovery multiple: Hays is trading on 1.8x FY22 EV/GP, which is a 20% discount to the mid-cycle average of 2.2x....
...Since we last met the FTSE 100 is up 3.6 per cent, the Stoxx 600 is better by 3.8 per cent and the S&P 500 is 1.7 per cent to the good. Why?...
...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)....
...Closing quotes Lex Apple: USA, USA Won’t somebody please think of the shareholders? Apple found no room for them in Wednesday’s 1,100 word paean to America....
...The incredible demand to buy into a Chinese company that does not yet have any clear products is just one sign that China's venture capital market is overheating (FT) Xerox v activist investors Xerox is...
...When that investment does come back, if it does, it may not be in the UK....
...In other words, this change in beta resulted in a swing in value in the DCF of over $100 million....
...Plentiful supply amid a surplus of barrels from West Africa and the Atlantic Basin despite all the escalating conflicts in Iraq, Libya and Ukraine....
...A $1,200 lump sum would have the same effect on consumption as monthly paychecks that are $100 larger....
...How does one position for that?...
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Estimates from the International Monetary Fund say that of US consumer debt totalling $1,914bn (£1,166bn, €1,346bn), 14 per cent will turn bad....
...What does this mean for the price of oil?...
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