Hints and tips:
...to give the effect of high jewellery and column dresses that appeared simple but had a clever boxlike construction....
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...This aggressive mark down came in the form of ERVs -12% l-f-l and yields expanding +17bps....
...Le problème de la France c’est plutôt un problème de construction des inégalités, c’est pour ça que c’est par l’éducation et le social qu’il faut le corriger, mais c’est la formation des inégalités....
...They reside on a 2021E price-to-book multiple of c.1.04 times with a dividend yield of c.4% - our dividend forecasts already assume a 2.5 times dividend cover....
...Current company-compiled consensus expectations are for revenue decline of c.7% for FY20 and EBITDA decline of c.15% (i.e. revenues of £516m and EBITDA of £115m)....
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...This is an incremental c.6% of our FY21e EBIT that we had forecast. Overall, while prudence is advised at this stage, the tone of this release is more cautious than from other retailers so far....
...We forecast c.10-15% FY20 earnings decline in Construction, but Support Services should be more resilient....
...This yearning lover saw lots of operational synergies with the construction market....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...Data centre construction is a c$50bn industry in the US, or 20% of US office construction (vs 10% in FY15);and 56% of starts are concentrated in 8 states....
...One mystery here is the identity of the investment consortia buyers, “Gemstone Investment Holding Ltd” and “Allied Cigar Corporation, S.L”....
...to c. 19% of debt maturities through end 2021....
...The wrapping around a construction project tells us as much about the nature of the contemporary city as the development itself....
...Rather than expand the footprint with new construction — the default strategy of countless American museums — she opted to make smarter use of the space she already had....
...“Or maybe”, smiles de Venoge’s chief executive Gilles de la Bassetière, “we should call it a C&C — chambres avec champagne.”...
...Pissarro’s construction is as solid as Haussmann’s meticulously planned avenues, yet these pictures are dynamic, poignant, full of fleeting effects of light, weather, people....
...largest IPO for a medical marijuana producer in North America, raising C$100m ($75m)....
...It has been said that Erdogan, who first took power 13 years ago, has come to believe, like France’s Sun King Louis XIV, that “l’état c’est moi”....
...Angel L....
...c) “There are numerous other fields of innovation that hold potential to spur future growth. … For example, the growing use of 3D printers and intelligent robots may well prompt the reorganization of supply...
...Peter Grauer, Mr Bloomberg’s successor as chairman of Bloomberg L.P, earlier this month embarrassed the Labour party by signing a letter in support of the Conservatives only a day after Ed Miliband launched...
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