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...“We’ve in effect created two FTSE 100 companies,” Leahy added, explaining that B&M was a constituent of the UK large cap index and MFG probably would be if it was listed....
...I’m into self-replication.”...
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...and I’m thinking about your customer, Mr B, or C.”...
...“There is a thirst for new paper, and you’re not getting that through new M&A,” says Muthukrishnan....
...And the bank expects Japanese P/B ratios to hit an average of 1.8 by 2025, versus 1.4 at the moment and just 0.95 in late 2012....
...So part of why rates are staying high is (a) the amount of issuance and (b) most people are like, “Wow, five and a half staying in the front end with no risk?”...
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...I don’t know what became of those companies, but I’m assuming it wasn’t good, and that it took less than five years....
...Still, with no phone or internet signal, no television and no alcohol (unless you have visited Abu Dhabi duty free), I’m beginning to think of Socotra as Detox Island....
...from the soil mixed with sand and lime for plasters....
...Canada is the world’s fourth-biggest oil producer, pumping 4.8mn b/d of oil last year, of which oil sands accounted for 3.2mn b/d....
...The sea is really easy to get into – there’s a tiny bit of sand and then you’re in deep, clear blue water. The restaurant is owned and run by siblings, with the freshest of fish and great service....
...I look at high-yield and I’m neutral to slightly positive....
...“I’m not even remotely a spiritual person or even remotely believe in God,” he told me. “But if there was something that came close to it, it was definitely out there, in the storm.”...
...“It was less than [one minute] so I’m proud of myself!”...
...And I giggled when reading about a great grandmother who never forgave her husband for turning down a large plot of land on what is now the Vegas strip. I’m sure this column will add more to the list....
...It takes a new level of focus to navigate deep sand or hours on large, loose gravel....
...Take the recent stand-off between activist Yoshiaki Murakami and Cosmo Energy, the smallest of Japan’s three big energy firms (with a P/B of 0.7)....
...I doubt I’m the only office worker who a) Belongs to more WhatsApp groups today than before Covid struck and b) Has no clue who else belongs to what....
...And despite having the backing of Norman Keevil, the 85-year-old mining magnate who controls Teck, passing the vote would have required two-thirds approval from both the common class B shareholders and the...
...I wish I was one of those people, but I’m not. I love swimming and I love pools. But I’m not one for strutting around with very little on. And you should thank me for that....
...For example, here’s the Class A vs Class B shares of News Corp, a business that, as previously mentioned, bears certain similarities to Waystar: In News Corp’s case, Class B (the white lines above) carry...
...For British designer Edward Barber, who together with Jay Osgerby has worked with design companies such as B&B Italia, Knoll and Vitra, the disparity between low-cost and high-end design can be explained...
...But at 12.4mn b/d it’s still well-below the pre-pandemic highs. And the administration does not think last year’s growth rate will be repeated, forecasting a rise of just 250,000 b/d by next January....
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