Hints and tips:
...Overleveraged pub operators such as Marston’s and Mitchells & Butlers have already warned of the threat of inflation to their finances....
...As Dave Butler, one of Wheeler’s first hires at DFA and now the company’s co-CEO, wrote: In 1994, I considered leaving financial services and becoming a basketball coach and teacher back in California....
...“F&P certification gives employers a stick with which to beat underperforming employees,” said Nick Ralph, a partner in the firm’s employment team....
...But much of corporate America is in a bad way. That’s why just five companies now account for over 20 per cent of the S&P 500....
...Business Mitchells & Butlers, the UK’s largest listed pub company, is planning to raise £350m through a share placing....
...Only up to a point. Businesses disrupted by the pandemic now know their best-case scenario of a swift recovery this autumn was a fantasy....
...From a credit perspective, we prefer the Greene King and Spirit structures (given parent-level support and recent redemptions), express a preference for Mitchells and Butlers over Marston’s, and acknowledge...
...So I think what we’re doing is more important than ever,” said Simon Butler, director of Migrate Art....
...Cash on hand plus available credit cover last year’s interest costs several times at most listed groups, according to data from S&P. Marston’s and Mitchell’s & Butlers are exceptions....
...However, the bulk of its £1bn of debts is structured with steep penalties for early repayment — as is the case with another chain Mitchells & Butlers....
...Greater commitment from the largest multinational corporations, by definition, helps to facilitate making a “difference at the global level”, as Mr Butler remarks....
...It is “just a question of how large this will be”, said Jon Butler, an analyst at Mitsubishi Corp, the Japanese trading house....
...Restaurant Group stays “buy” post its recent cashbox, while Mitchells & Butlers is top sector pick with a 400p target....
...Meanwhile, Peel Hunt’s gone to “buy” from “add” on pub operator Mitchells & Butlers with a 300p target....
...E&P sector review. Lots of acronyms. We are more bullish EU Energy heading into 2020, seeing a year of vindication for the EU majors and the start of a more positive chapter for EU OFS....
...Oil exports from Iran have already fallen by up to 700,000 barrels per day since May according to authoritative estimates from S&P Global Platts and could fall by another 900,000 barrels per day by the fourth...
...S&P 500 futures triggered the limit-down circuit breakers at about 5am GMT, the index having bounced 6 per cent in the regular session....
...In December, S&P looked at a sample of 50 LBOs from 2015 to see how their earnings over the following two years matched up to their initial adjustments....
...Other views Nick Butler — Chevron bid shows there is no place like home for US oil John Dizard — PG&E creates world-class hangover for wind and solar investors Neil Hume — Generalisations about coal are...
...Other views Nick Butler — Price and consumers are vital to energy transition Matthew Green — Extinction Rebellion: inside the new climate resistance Tim Harford — A carbon tax is the nudge the world needs...
...Jonathan Butler, head of European leveraged finance at PGIM Fixed Income, a $730bn-in-assets fund manager, notes that it commonly takes 20 days for loan trades to settle in Europe — compared with three to...
...Other views Nick Butler — A radical outlook needs strategy to match Jamie Webster — Oil price volatility weighs heavily on energy investors Simone Tagliapietra — An opportunity for natural gas in the...
...Other views Nick Butler — Renewables boom fails to dent investment allure of hydrocarbons Nick Butler — Falling demand is the energy sector’s next challenge David Sheppard — Investors risk losing faith...
...An excellent, comprehensive study published last month by S&P Global Platts comes to the conclusion that oil will hold its central role in powering mobility for decades to come; 95 per cent of all transportation...
...Other views Nick Butler — We need a carbon tax to change consumer behaviour Edward Luce — US sets course for its next Middle Eastern war of choice David Gardner — Iran and the US risk igniting the Middle...
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