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Showing results for Carter Metal Recycling Group L L C
...One important but dull fact I learnt as I embarked on a labyrinthine quest to speak with parent group C&C is that Tennent’s doesn’t actually brew Tennent’s Super any more....
...Centamin, the UK’s largest listed pure-play gold miner, is testament to the allure of shiny yellow metal....
...…driven by the annuities business (64% of the group now) which saw 10% growth year on year. L&G manages an £81bn annuities book....
...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 move fuelled a significant escalation of trade tensions with some of Washington’s closest allies, and prompted retaliatory Canadian duties on C$16.6bn ($12.2bn) worth of US goods....
...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....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...However, the real focus is on the expected effect from the ongoing pandemic; the hit has somewhat reduced in May versus April, but we think that group EBIT is probably already down by c£100m yoy ytd....
...Increased focus on the home, reversing some L-T adverse trends....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...At the Group level, Pest Control is roughly 70% of which 70% is contracted revenues (however it seems that part of the revenue base might be impacted as well), c.10% is non-contracted residential, c.10%...
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...On current multiples LSL is trading on a PE of 12.8x fo Dec 2020 while Countrywide is on 12.2x our 2020 estimates albeit it has c. £75m of debt vs a market cap of c. £123m....
...Brent and metals are off 4 per cent or so. You know why....
...We are more comfortable with metallurgical coal, as China is a lesser market in a seaborne sense, and we remain upbeat about platinum group metals (PGMs; we are more confident about palladium and rhodium...
...Corporate earnings and updates for Wednesday include Kingfisher, Cambian Group, Cenkos Securities and Shield Therapeutics....
...But in Kinshasa you hear heavy metal, hip-hop, soukous, rumba, everything. They want to be musicians of this century.”...
...Outside in the streets of old-town Barcelona, the season has barely begun, yet a steady stream of tour groups already clogs the pavements....
...All3Media International Allstate Northern Ireland Ampetronic A-Safe (UK) Aspen Pumps Axis Productions B The Berkeley Group Holdings BT Technology, Services and Operations Bute Fabrics C Cambridge...
...Others can accurately echo Louis XIV’s claim, “l’état, c’est moi” (I am the state)....
...Europe BOFA International Boxford Boxfresh International BPR Medical (I) Bridge of Weir Leather Company Brinker Technology Bryson Charitable Group (S) Hugh Burnett (E) C C....
...The interest cost for the L/C is around 1.4% annualized, so that even when LME copper trades at a premium to Shanghai copper, the all-in borrowing cost is greatly mitigated by the low cost of L/C and any...
...Chopard Looking sober and ready for business, the L.U.C. XP Tonneau in white gold is powered by an ultra-thin or extra-plat (hence the XP) L.U.C. Calibre 3.97....
...Firmer metals prices and a weaker dollar lifted miners....
...The dollar’s strength weighed on metal prices, hitting miners such as Xstrata , down 5.3 per cent to £10.30....
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