Hints and tips:
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...While that is below L’Oréal’s multiple of 35 times, it still represents a sharp recovery from three years ago, when the stock was trading on just 5 times....
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...The ad hoc group includes funds and accounts managed by King Street Capital Management, L.P., funds and accounts managed by BlackRock, funds and accounts managed by Brigade Capital Management, and other...
...A sharp speeding-up of conversions could change that pace. The latest trend of mutual fund switching only amplifies how far the upstarts have come. jennifer.hughes@ft.com...
...Yet roughly one-third of the market’s rally since the start of the fourth quarter last year stems from burgeoning investor interest in Hermès, Kering, LVMH and L’Oréal....
...“The previous bear market was such a ‘V’. [Stocks] went down and came roaring back,” he said. “I think this one is going to exhaust people.” Additional reporting by Jennifer Hughes in New York...
...L....
...It is challenging times for Maersk given the rather sudden and sharp downturn in container shipping rates....
...Through the sale of bracelets and pendants, the brand has raised more than $20mn to provide water, immunisations and educational tools to those in need. louisvuittonforunicef.com V is for Visual AidsAcne...
...A sharp rise in economic inactivity, notably among older workers, is of acute concern for UK policymakers....
...It reported adjusted operating profits of £919mn, a sharp rise from the £507mn a year earlier and ahead of the £876mn expected in analyst forecasts collated by S&P Capital IQ....
...; the US S&P 500 was down 17 per cent....
...V Vaccination Pretty much the only thing that stood between Novak Djokovic and this year’s Australian Open title. Oops....
...In “The P.S. Wings in the O.P....
...Email us at imani.moise@ft.com and sid.v@ft.com....
...The tilt towards higher growth markets, allied with a leaner structure, brings P&L benefits. Siemens has carved out the low-growth energy business....
...On the other side of the Atlantic, the S&P 500 index lost more than 2 per cent before moderating in afternoon trading to close 1.6 per cent lower....
...US oil and gas stocks have far outperformed the S&P 500’s other 10 sectors, gaining more than a quarter since mid-September....
...As Ms Tenreyro pointed out, a V is not always a V. A V in annual data can look like a U in monthly data, she said....
...Remember the V-shaped recovery? Not long ago, it was the economic consensus: a short sharp shock from the pandemic followed by a rebound in the third quarter....
...The prospect of much lower bond yields — and, crucially, the expectation that central banks will contain any sharp rise — has encouraged investors to boost their exposure to the technology and healthcare...
...From Richard Barwell of BNP Paribas Asset Management: If you understand how the PMI is constructed then the data imply an L shaped recovery, if you just look at the numbers they imply a V shape and the...
...Just as well given both Nvidia and Arm are at the sharp end of technological development....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
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