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...is preparing for a showdown with shareholders at its annual meeting later this month over a pay package for its chief executive David Schwimmer that is benchmarked against big US data groups such as S&P...
...Moira O’Neill is a freelance money and investment writer. X: @MoiraONeill, Instagram @MoiraOnMoney, email: moira.o’neill@ft.com...
...That’s an uncomfortable question to ask, in a world where we regularly hear of unscrupulous employers bullying, failing to pay overtime, or throwing qualified staff overboard, as P&O Ferries did so disgracefully...
...We haven’t mentioned the B-word yet. Bonds....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...P.S. And no, no frozen horse in this one (Michelle Mone’s horse may be barred from Grand National — The Times)...
...The pay package of S&P Global’s head was $18.6mn last year, while the chief executive of MSCI took home $13mn in 2022, according to proxy statements....
...invests in single stocks and thematic exchange traded funds, accessing India and green energy in his Isa, held with Interactive Investor, while he holds passive investments in major indices such as the S&P...
...He says: “My main reason for buying a pension annuity was security for my wife (a) in potential widowhood if, as age and sex indicate likely, I predecease her; and (b) if, during our joint lifetimes, I choose...
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...The boss of P&O Ferries was involved in firing 800 crew over Zoom, not the boss of P&O Cruises as incorrectly stated in an article on July 27....
...P&O said it would be “misleading” to judge business performance by its shipping capacity....
...Chiefs of companies on the US S&P 500 index were paid three times more in 2022, earning on average $16.7mn (£13.6mn at the time), according to labour union federation AFL-CIO....
...Occhio Luna, from £778 OLEDs you win It’s the newest and largest of B&O’s Harmony TVs, made in partnership with LG – in fact, it’s the largest LG OLED screen currently available at some 2.15m wide....
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...The country’s rating was previously double-B-plus, signifying speculative or junk status....
...In a Monday update, the rating agency moved Ford up to triple-B minus from double-B plus....
...And — as a chart borrowed from Duncan Lamont at Schroders shows — the extent of concentration in the S&P 500 is not something investors are used to....
...However, the maker of Oral-B toothpaste and Tide detergent trimmed the low end of its sales growth guidance due to the strong US dollar....
...We’re assuming (b) ended up winning there....
...Digging through the data of S&P Global offers surprising findings. Sub-Saharan African sovereigns rated in the B category between 2010 and 2023 defaulted in 22 per cent of all cases within five years....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...S&P’s O’Neill expects miners will look at energy efficiency, especially the economics of renewable energy projects. But that might not be enough....
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