Hints and tips:
...In 2020, Cucinelli funded the rebuilding of the Civic Tower Norcia, Perugia, after an earthquake, and this year announced the investment of €1mn in the Himalayan Regenerative Fashion Living Lab, which helps...
...Crossword 16,254: Richard Heaton, London; Hector Langfeldt, Birmingham; Saira Kamaly, London Polymath 1,036: Eamonn O’Riordan, Ireland Crossword 16,248: Nicholas JP Weaver, Manchester, England; Steve Clark...
...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....
...L’Oreal’s been downgraded at Credit Suisse. Stock priced for a V-shaped recovery that’s looking increasingly unlikely, they say: Downgrade to Underperform (from Neutral)....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...(WSJ) What else we’re reading Just one in 10 fund managers expect V-shaped recovery V, U, W, L — just a handful of the letter-shaped recoveries that investors have put forward as possible paths for the...
...Weighing in at ~7,000 words and with 84 references, G4S’s Wiki “controversies surrounding . . .” rap sheet is longer than the ones for the Legion of Christ and Grand Theft Auto V, though not quite as long...
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Andrex and Scott toilet roll maker Kimberly-Clark said panic buying ahead of the coronavirus lockdown, particularly in North America, helped first-quarter revenues rise strongly....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...At the Fondation Cartier Pour l’Art Contemporain in Paris, the collection’s raison d’être is to generate conversation – especially about the environment – through commissioning....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...Q4 2019 u/l PBT beat “rebased” consensus expectations by £111m (13%), though the outlook statement is somewhat sobering. ......
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...non-contracted commercial and c.10% product sales....
...The increase in non-investment grade bond yields means that we expect some of the companies in the sector to prioritise debt reduction over investment or shareholder returns....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...L Brands itself has posted consecutive quarters of slowing sales, pushing its shares down by a third for the year....
...Phil Clark, head of property investment at Kames Capital, the Edinburgh-based investment house, said: “All funds are seeking to hold more cash in a more uncertain environment, and there is not as much stock...
...“You have a clear issue selling in an outlet because the dilution of your brand is higher,” says luxury goods analyst Mario Ortelli from investment researchers Sanford C Bernstein....
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