Hints and tips:
...Elton was an early adopter of the Franck Muller brand, which, for a while in the early to mid-1990s, enjoyed the sort of renown now associated with Richard Mille or F P Journe....
...But he added: “[F]or us in the school . . . we didn’t have any authority or reason to interfere.”...
...Big global equity trusts F&C (FCIT), Brunner (BUT) and Alliance Trust (ATST) have all outperformed the MSCI World index in the past year, thanks to their portfolios having less exposure to underperforming...
...The initiative also helps to save lions and rhinos and, most recently, koalas in Australia through the Wildlife Conservation Network. tiffany.com F is for Fashion ExpressionsPrada Group has partnered with...
...Alison Taylor, a specialist in ethical business at the Stern School of Business, New York University, likens the situation to a game of Whac-a-Mole....
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...US regulators have issued a stern warning to broker dealers and financial advisers to stop selling “unsuitable” volatility-linked exchange traded products to retail investors....
...London Crossword 16,278: Peter Bromwich, Birmingham; James Reid, Fife, Scotland; EASherratt, Staffordshire, England Polymath 1,040: Patricia Blakemore, West Midlands, England Crossword 16,272: Martha F...
...Avast currently trades at 21x FY21e P/E or c. 5.5% FCFF yield, a level we continue to view as attractive vs. the wider software sector, especially given WFH benefit as well as optionality around M&A/buybacks...
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...The discount of our UK domestic basket at 10% (24-month Internationalfwd P/E) is not especially wide by comparison to the past 4 years post the EU referendum....
...And Panmure: Mid-single digit EPS growth (rather than high) and F/X at -2% would imply an outcome this year of ~330p for adjusted EPS we estimate....
...In terms of the impact, we expect that this will continue to drive prices up for the near future, while the insurers most exposed are Swiss Re (via P&C Re and Corporate Solutions), Allianz (via AGCS), AXA...
...Overall the measure should save c. EUR15bn-20bn of ET1 or c. 20-30bp on average for the banks we cover. We continue to believe that the sector has c. EUR300bn of excess capital above SREP and c....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...In 2024/25, we model £1.3bn p/a in group FCF. At c.14% FCF yield in 2023, and >17% in 2024/25, we continue to see attractive upside to equity in the medium term....
...And Credit Suisse says: [F]or a company that has been typically outperforming expectations and delivering upgrades, “in line” is likely to be seen as a mild disappointment....
...Stay U/P SM; valuation still too rich. ......
...We think the threat of insurtech disruption to life and retail P&C insurers may be greater than for commercial P&C (re)insurers given the more complex nature of commercial risks, fewer threats from non-insurance...
...Based on our revised forecasts, Hikma trades on a 2021E P/E of 16.6x, a 26% discount to its UK specialty peers....
...C is for centralisation — which is always going to be quicker and cheaper than blockchain. D is for divorce — for when your better half finds out what your savings are invested in....
...So far, this continues to be the case in 2020; gold is up 11% YTD (in C$ terms) but the S&P/TSX Gold index is down 16%....
...On March 5, Andrew Edgecliffe-Johnson will speak at the NYU Stern Business School Center for Sustainable Business’s 2020 Practice Forum....
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