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...Frankfurt-based asset manager Deka, which is a top 10 shareholder in Munich Re and a top 20 shareholder in BASF according to data from S&P Global, last year adopted a similar voting policy to ISS....
...But the biggest hurdle to any deal would have been 888’s £1.7bn debt pile, left over from the acquisition of William Hill’s non-US business from Caesars Entertainment last year, they added....
...The rest of the eurozone “saw the best performance . . . despite growth slowing slightly”, S&P said....
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...In the S&P 500, 64 per cent of stocks have crossed above their 200-day moving average, which is above the historical mean: Every S&P sector has positive returns over the period....
...It’s a fun fact that one of the best performing investors in the world is the S&P 500 index committee. Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...Reading between the lines, S&P are forecasting a big increase in PIK issuance among lower-rated firms that are increasingly out of other options in a higher-yield world. Let’s address the basics....
...Outside of these names, the broader earnings outlook for the equity world is muted.”...
...Earlier studies by McKinsey, including one that looked at 1,039 companies in 15 countries, have linked gender diversity to above-average profitability....
...What worlds are left to conquer?...
...“In the future, everyone will be world-famous for 15 minutes,” is a world-famous quote that Andy Warhol probably never said....
...The comparable proportion for the S&P 500, converted into dollars, is just shy of 50 per cent. Another is the absence of — take your pick — turbocharged growth prospects or Reddit sub-thread status....
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...So perhaps his TMTG management team is chock full of world-class fundraisers....
...Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...Animal painter Ludovic-Napoléon Lepic displayed delightful drawings of his dogs Jupiter and Caesar at Boulevard des Capucines, then at the Salon large canvases of a raven and a dove — “Le Déluge” (1874),...
...Another big upshot is soil carbon sequestration, which Henry describes as “one of the best-kept secrets in the world of climate.”...
...“These leaders believe that the world still needs both. They were far more pragmatic about energy than dogmatic,” Fink wrote....
...But the dispersion of their returns has been very wide, as this chart shows: Amazon has barely outperformed the S&P 500, Nvidia has gone absolutely bananas, and the rest have covered the range in-between...
...World-beating US growth, somewhat stubborn inflation and central bankers emphasising patience have meant rate-cut expectations are being curtailed....
...The world’s largest money manager reported a 36 per cent year-on-year jump in net income to $1.57bn in its fiscal first quarter, on an 11 per increase in revenue to $4.7bn....
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...The S&P 500 closed at an all-time high on Friday after a blistering rally in tech stocks....
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