Hints and tips:
...But we still believe that M&S’s high-margin clothes division is in slow decline. The food division will simmer on, but profitability will be lower....
...That compares with 0.2 per cent for the Stoxx 600 ex-UK and 0.7 per cent for the S&P 500. AJ Bell has revealed that cash accounts for 13.3 per cent of its retail customer assets....
...That is reflected in enviable ebitda margins that peg along at 60 to 70 per cent annually, according to S&P CIQ. Mastercard and Visa tend to get a bit huffy if you say any of this....
...The S&P 500 looks expensive judging from Shiller’s cyclically adjusted price-to-earnings ratio, which allows for inflation. The benchmark stands at 31 times, double its historic mean....
...The S&P 500 and the Euro Stoxx 600 indices are up about a quarter since the start of October....
...Revenues have been flat for the past seven years, according to S&P CIQ data, which means they are falling in real terms....
...As much as 45 per cent of the financial companies in the S&P 500 have no women among their “named executive officers”, those C-suite members important enough to have their pay officially disclosed, according...
...Writer-director Nicole Holofcener has been a mainstay of the US independent circuit since 1996’s Walking and Talking, and a longtime specialist in sophisticated female-centred comedies....
...Beth Orton’s new album opens at dawn. It’s a customary, even stereotypical, time of day in which to encounter the UK singer-songwriter....
...Other talents followed, especially Beth Straus, a lover of Asian art and influential vice chair of the New York Botanical Garden board....
...Lex thinks the “E”, “S” and “G” of the ESG investment movement illustrate the problem. Even within environmental investment, categories can be deceptive....
...Here is a chart using S&P CIQ data that summarises what has happened so far, apart from at Facebook owner Meta, which I will come to later: Lex’s view prior to the rout was that tech stock valuations consisted...
...The price has been pushed up by F1’s booming popularity in the US, and also the sport’s new spending caps that have put a lid on costs....
...The S&P 500, the Stoxx Europe 600 and the UK’s domestically oriented FTSE 250 have rallied since the end of June. This has raised hopes of a tolerably soft landing....
...Bitcoin has staged a recovery over the past fortnight because that is what the S&P 500 has done. Too late to save Voyager Digital, however....
...Since then, the S&P 500 has dropped 21 per cent. The Stoxx 600 and Hang Seng are down about 13 per cent....
...Scott Guthrie, head of Microsoft’s cloud and AI group, points to new services such as GitHub Copilot, which the company launched last summer to suggest coding ideas to software developers....
...s=20 As Patrick McGee over at mainFT has reported, Cook has embedded Apple ever deeper in China over the past 20 years....
...With knockout albums such as 1988’s It Takes a Nation of Millions to Hold Us Back, Chuck and his bandmates spearheaded rap’s spread overseas from its New York base....
...Total assets rose from $19bn to $44.5bn between 2017 and 2021, according to S&P data....
...Beth Porter’s cello rises and falls in a gentle swell and Harding sings of the country as a “jewel in the whispering sea/in a greeny blue shimmering”....
...The rising oil price has since then dragged up the market worth of the seven largest quoted US and European oil and gas companies by almost $400bn, or two-fifths, S&P data show....
...That certainly proved to be true for the tech-heavy Nasdaq index, which has fallen about 14 per cent according to S&P Global. The S&P is about 4.5 per cent lower....
...One good read Jonathan Guthrie on the prospects for Credit Suisse First Boston 2.0....
...Take Dylan’s earnest, acoustic “spokesman of a generation” style on his 1962 debut album Bob Dylan — autumnal coat, peaked cap, a look borrowed from Woody Guthrie and quickly emulated by The Beatles....
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