Hints and tips:
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...Now the waterfront — which forms part of Liverpool Waters, Peel L&P’s £5bn, 30-year project to transform the city’s northern docks — is taking on a new life itself....
...Read on for why boards and executives need to oversee corporate culture as well as the P&L, and in Office Therapy I advise a worker without children doing a lot of extra cover for the mothers on her team...
...Yeah, G-O-U-L-D. I didn’t know terribly much about this guy....
...How long the world’s super-prime housing markets can shrug off economic headwinds and a wider housing market slowdown is unclear....
...Wall Street’s benchmark S&P 500 index ended Wednesday 2.5 per cent lower and the Nasdaq Composite fell 3.4 per cent after a volatile afternoon of trading as investors struggled to digest the Fed’s messaging...
...P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics. Q Queue Yes, you could get some fancy corporate ticket to Wimbledon....
...L’Oréal, the world’s largest cosmetics maker, anticipates that supply-chain challenges and pandemic-induced inflationary pressures will fade from mid-year....
...Landsec has bought a 75 per cent stake in MediaCity in Salford, previously a 50-50 joint venture between Legal & General and Peel L&P....
...L&G’s feeble valuation, at eight times prospective earnings according to S&P Global, doubtless shows up in data screenings by activists and potential acquirers....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...RB's unmatched P&L flexibility is paving the way for fast improving market share momentum, notably in the 20% of its cells that have been persistent underperformers. ... and for Unilever, a €43/£40 target...
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Increased focus on the home, reversing some L-T adverse trends....
...L and net debt....
...P&C outperformed into the corrections in the past 8 years....
...Based on company commentary so far, we still believe potential COVID-19 claims (including BI) are a manageable P&L event for the sector, although the devil will be in the detail when it comes to BI policy...
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...In the Arsenale, housing the more potent installations, Christian Marclay’s impressive new “48 War Movies” layers movies featuring conflicts — from the American civil war to Iraq — on top of one other with...
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
...“Study for a Portrait of P.L.” (1962), an unsparing depiction of the artist’s lover Peter Lacy scowling on a sofa, is the first Bacon picture where internal organs burst out though the surface of the skin...
...It is of a gallery housing European Old Masters and slated for demolition; she calculated that capturing it required a nearly seven-month exposure....
...The following table comes from p.154 of my 2009 book Debt Spiral and is based on data from Inside Mortgage Finance: Note the changes in private label securitisation....
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