Hints and tips:
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Sixth Street, one of the largest private lenders globally, and existing investor US private equity group Silver Lake, are leading the group....
...But perhaps more importantly — given that most L/S funds actually have a clear long bias — its “Hedge Fund VIP” index of the chunkiest long positions has performed strongly....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...There was still time to board P&O Pioneer as a foot passenger, departing at 1.45pm....
...While I’m very optimistic about our future and long-term model, it will take time before our manufacturing group P&L is world class....
...“We must go much, much further,” he told L’Opinion newspaper in September....
...Camps include the shores of a glacial lake, and the edge of the Russell Glacier....
...However, the investment thesis may not be as clear-cut as the GDP growth rates suggest....
...S&P Global, the rating agency, dropped coverage of 64 municipal bond issuers earlier this year because they failed to file audited financial statements on time....
...On a bad day: “I am taking notes on a man dear to me, with no clear goal beyond recording the final months of his life.”...
...But it is not clear yet whether consumers will also be willing to pay a premium for AI, and the early signs suggest that take-up in business will be slow....
...“It’s a casual thing,” he makes clear. “This isn’t a fancy party.”...
...Unlike for SVB, there’s 167 years of franchise value That’s not necessarily a good thing, to be clear....
...Schneider made clear on Tuesday that the company would aim for free cash flow equating to 12 per cent of sales by 2025. This year’s proportion should be under a tenth, according to S&P data....
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...Most derivatives are settled on a net basis: on the settlement date, the “winner” of the trade receives a payment from the “loser” reflecting the P&L....
...This is one criticism you’ll hear, and I want to read just briefly from Peter L Bernstein’s 1996 investing classic, Against the Gods. He writes here, gives this little fictional story....
...It is clear that he no longer sees anything and no longer registers colour.”...
...The protesters outside were chanting “O-I-L-Y, you ain’t got no alibi”. Shell had probably already clocked that they were on the hook for issues around climate change....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...Nestlé and P&G have both pulled off turnrounds; Danone and Unilever are slap bang in the middle of their own....
...Another Arizona election-denying candidate is a former TV anchor named Kari Lake....
...“And you don’t need the US Navy’s Fifth Fleet to patrol the Great Lakes.”...
...L was now....
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