Hints and tips:
...Tim Rourke, UK head of P&C pricing, product, claims and underwriting at WTW, said the data suggested “the relentless rise in prices may finally be turning a corner”....
...Hunterbrook accused UWS, a mortgage lender, of cultivating loyal mortgage brokers while telling customers they were independent....
...Cramer’s Tip (37 points) 15 (tied). The Full WACC (37 points) 15 (tied). Hidden, poorly internally labeled ‘quiz@’ team name (37 points) 19 (tied). Yanis Varafukthis (35 points) 19 (tied)....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...Tim Rourke, UK Head of P&C pricing, product, claims and underwriting at Willis Towers Watson, said insurers were having to deal with a “cocktail of rising costs”, including rising vehicle theft and long...
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...The combined ratio in P&C insurance — a measure of claims and costs as a proportion of premiums — hit a 15-year low of 94.3 per cent....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...“In fact, I have told my broker already to buy on the dip, at the bottom, which I don’t think is far away.”...
...Their anger turned to the markets’ biggest wholesale broker — Citadel Securities....
...Average home prices rose at their fastest rate since 2006 in January, according to S&P Corelogic Case-Shiller indices, a measure of US home prices....
...Additional reporting by Alistair Gray Letter in response to this article: Trump’s fundraisers must share some of the blame / From David C Speedie, Charlottesville, VA, US...
...“You used to have a world where everyone was watching [CNBC presenter] Jim Cramer on TV and he would talk about something and [the stock] would go crazy,” said a trader at a large broker in New York, who...
...Canada-based Innergex Renewable Energy warned of a C$44m-C$60m hit to its Texas wind farms due to “contractual obligations to supply a pre-determined daily generation”....
...to raise c€2.75bn....
...In the year to date, three of the top five leading sectors in the S&P 500 involve technology. A fourth is mobile telephony....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
..., which equates to c$1.4bn per annum....
...A hash on the name means Peel Hunt’s house broker): With Brent up c.80% in two months, E&Ps are slowly shifting mind-set from survival to growth and for cash-rich companies, the opportunity set is increasing...
...For the combined company, Aveva expects a PF revenue of c.£1.2 bn and Adjusted EBIT of c.£330 mn (c.28% margin)....
...Avast currently trades at 21x FY21e P/E or c. 5.5% FCFF yield, a level we continue to view as attractive vs. the wider software sector, especially given WFH benefit as well as optionality around M&A/buybacks...
...JP Morgan -- Jupiter’s corporate broker and joint advisor on its not very popular recent deal to buy Merian -- says to buy Jupiter. “Overweight”, December 2021 target of 300p....
...Hays, the recruitment company, enlisted Bank of America to work with house brokers Jefferies and UBS to raise £200m....
...Morgan Stanley (AstraZeneca’s joint house broker) agrees: There is little-to-no overlap with the core businesses of each company....
...P/E, a c.30% premium to the sector (incl. ASOS and boohoo). JD Sports’s shares have declined c.50% in the last few months, and we see this as an entry point to one of the finest UK retail stocks....
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