Hints and tips:
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...They understood that you need to offer voters a degree of reassurance because voters are quite small c conservative, even if they’re not Conservatives with a capital C and they’re concerned about the things...
...If you’re a business that wants to take credit cards, you need a bank to sponsor you, a merchant account. Mobius helps to sort that out....
...a Series C fundraising round of $200m....
...Et au fond c’était la circulation de plus en plus rapide et l’accumulation....
...About a hundred UK and European large-cap companies chose the last Thursday in July for an interim update, plus another 100 or so in the US....
...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....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...L&G's business is broadly resilient to COVID-19 shocks, in our view. The credit portfolio remains strong (with limited downgrades and defaults so far)....
...vote of no confidence from the bond market in the idea of a V shaped economic recovery....
...Plus, how to tap into creativity during lockdown....
...UK recovery will be slower than peers: (a) larger service sector: (b) weakness of business investment: (c) lack of clear social distance messaging....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...All of which means we’re good for a V-shaped recovery that’s not yet priced in, says Exane, which then goes stockpicking....
...LLOY is continuing to target a CET1 capital ratio of c.12.5% plus a management buffer of c.1% - this looks light and will drive many questions....
...through the P&L....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...DC expects to comply with bank covenants unless all operations close for an extended period....
...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....
...Press Ctrl+C. Press Crtl+V. Add share-price forecast: “Market perform”. OK, so that is being rather unfair. And perhaps a tad hypocritical coming from a journalist....
...At least for Jean-Michel Steg, a Lazard lifer and now a senior adviser to boutique bank Greenhill....
...A raft of other business districts, including Canary Wharf, east London’s investment banking hub, gained exemptions of their own....
...Next year, Tinder to plans to explore making money with a premium service “Tinder Plus”....
...if the Bank is right)....
...“What I would like to vote for is a candidate that is socially liberal, a fiscal conservative, broadly libertarian with a small ‘l’ but sensible and pragmatic and with a chance of winning....
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