Hints and tips:
...These include “consideration of a nuclear strike in response to a non-nuclear attack threatening the viability of China’s nuclear forces or C2 [command and control]”....
...It in fact runs along the top of the Northern Outfall Sewer, a key link in Joseph Bazalgette’s revolutionary 19th-century system for handling a growing London’s waste....
...Barclays turns positive on BAE Systems. “Overweight”, 760p target....
...in the consideration with $3.5bn being raised through a rights issue and $0.6bn issued directly to the OSIsoft founder’s family, as Aveva is paying a similar multiple to itself, we calculate negligible (c2...
...The Energy Transition – Chicken & Egg: Management’s strategy of shifting into battery/hybrid systems at the expense of diesel generators cannot be faulted....
...Newbuild prices are benefitting from the crooked incentive system, as expected, and a higher proportion of private sales help bump up the ASP....
...Although the company plans to cut c2,000 management roles to save £130m per year, the benefits will not be visible until FY 2021/22....
...EM markets (of which China is c38%) grew 16.1% in FY19, accounting for c2.7pp of group organic growth of 4.4% (i.e. more than half)....
...◼ BAE Systems (Upgrade to Buy from Hold, TP 550p) – Our preferred stock in the sector. Some 90% of sales are defence-related and c.45% of sales are to the US DoD, giving the group strong resilience....
...The main constituency backing the Thatcher revolution in the 1980s was the C2s — the demographic classification for skilled working class people. Thatcher looked after the median household....
...“Consider a two-period economy in which the representative consumer maximises the lifetime utility function U (C1, C2) = u(C1) + ßu(C2), subject to the lifetime budget constraint (1 + t)C1 + C2/R = W, where...
...Some have to dip in and out of the benefits system, which can be hard to navigate. It also now punishes claimants for missing appointments....
...The rules, put in place since the 2008 financial crisis, are meant to make the banking system safer, but banks say Wednesday’s volatility shows the rules hamper their ability to absorb market stress....
...In order to provide effective liquidity relief for the system, central bank money and liquid collateral must be injected against illiquid or undesirable assets (C2); the supply of unencumbered collateral...
...“That is because of complex interactions between the tax and benefit system,” said Matthew Oakley, head of economics at the group....
...Yet for years the full impact of this development was masked by the generosity of the welfare system which, under the Blair and Brown governments, shored up living standards for working families....
...The information sensitive portion of C (i.e., C2) became subject to a “lemons” problem. C2 consequently was no longer accepted at a full information market clearing price or, sometimes, at any price....
...Polling evidence suggests that low-skilled female workers – the C2 socioeconomic group – are deserting the Conservatives in their droves....
...Recent surveys indicate low-skilled women workers – the C2 socioeconomic group – are switching back to Labour as they struggle to cope with rising childcare costs, changes to the benefits system and rising...
...Intriguingly Mr Osborne’s political instincts seem to be in tune with those of the Labour leadership, which is also trying to reclaim the support of key voters in the C2 social class....
...Conservative ministers are also expected to be tough on welfare, with announcements anticipated on new elements of conditionality in the benefit system....
...Though the CBSX operates in the same data centre as CBOE’s electronic options exchange, C2, the two exchanges do not operate together....
...It said that more than 30 firms had already connected or were in the process of connecting to C2....
...At the CBOE’s main exchange in Chicago, fees are charged according to a traditional “payment for order flow” system in which customers trade for free, but market-makers pay a fee that is redistributed back...
...Part-floor-traded, part-electronic, the exchange’s fee structure is a traditional “payment for order flow” system in which customers trade for free, but marketmakers pay a fee that is redistributed back...
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