Hints and tips:
Related Special Reports
...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Its scale means it can spread R&D spending and overheads over €41bn of turnover....
...777’s woes leave Everton in limbo and cast uncertainty over a number of clubs across Europe and South America that the investment firm owns....
...Rosenthal Meets Versace Renaissance Barocco collection, from £44 L’Objet Sumi A collaboration with a small artisan studio in Japan has produced the brand’s first dinnerware collection made outside Europe...
...Della Valle is confident, however, that Connecticut-based L Catterton will boost Tod’s desirability and allow it to focus on investments in marketing and R&D, he told the Financial Times....
...Apparently it will pay tribute to the history of R&B, which is promising: Usher is a formidable song-and-dance man. He has also hinted at a tribute to his hometown Atlanta’s strip clubs....
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...Last year Bunzl’s acquisitions included a distributor of food service equipment in Spain with annual revenues of €5mn, and a hygiene products business in Brazil with annual revenues of R$210mn (£33mn)....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...This could represent a shift to a slightly more hospitable climate for L/S hedge funds, whose shorts have generally been a grisly mess over the past decade, he argues: Macro Matters for Hedge FundsRegardless...
...That would bring them back to where they were a decade ago. Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues....
...That is about a fifth of what Natura paid to L’Oréal in 2017. The payout looks more paltry if you strip out a £90mn earn-out embedded in the sales price....
...Goldman Sachs gave it a go with the ‘Granolas’ or, more accurately, GRANNNLLASS: GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP, and Sanofi....
...Estée Lauder and L’Oréal did not respond to a request for comment....
...The Granolas as a group have climbed 18 per cent over the past 12 months beating the Stoxx 600’s 7.5 per cent rise over the same period....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...This sounds to us like a stretch, and consumers who can’t afford the new mortgage rate or a car loan payment are not deciding based on theoretical changes in r-star....
...“It is a coming of age,” said Howard Silverblatt, senior index analyst at S&P, of the dividend announcement....
...Using national level S&L data back to 1955, we find that changes in revenues over the prior year account for 40% of the variance in S&L consumption and gross investment....
...The album is a succinct 11 tracks. Collaborators include Tame Impala’s Kevin Parker, mainstream pop’s favourite psychonaut, and former PC Music producer Danny L Harle....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Business and consumer confidence also expanded with the closely watched S&P PMI survey indicating private sector activity grew at the fastest pace in eight months in January....
International Edition